Shanghai Xintonglian Packing Co (SHSE:603022) Cash-to-Debt : 2.35 (As of Mar. 2025)

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What is Shanghai Xintonglian Packing Co Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Shanghai Xintonglian Packing Co's cash to debt ratio for the quarter that ended in Mar. 2025 was 2.35.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Shanghai Xintonglian Packing Co could pay off its debt using the cash in hand for the quarter that ended in Mar. 2025.

The historical rank and industry rank for Shanghai Xintonglian Packing Co's Cash-to-Debt or its related term are showing as below:

SHSE:603022' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.71 Med: 2.22 Max: 355.1
Current: 2.35

During the past 13 years, Shanghai Xintonglian Packing Co's highest Cash to Debt Ratio was 355.10. The lowest was 0.71. And the median was 2.22.

SHSE:603022's Cash-to-Debt is ranked better than
75.13% of 394 companies
in the Packaging & Containers industry
Industry Median: 0.4 vs SHSE:603022: 2.35

Shanghai Xintonglian Packing Co Cash-to-Debt Historical Data

The historical data trend for Shanghai Xintonglian Packing Co's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Shanghai Xintonglian Packing Co Cash-to-Debt Chart

Shanghai Xintonglian Packing Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash-to-Debt

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1.23

1.62

1.80

2.21

2.08

Shanghai Xintonglian Packing Co Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Cash-to-Debt	Get a 7-Day Free Trial															2.11	2.84	2.54	2.08	2.35

Competitive Comparison of Shanghai Xintonglian Packing Co's Cash-to-Debt

For the Packaging & Containers subindustry, Shanghai Xintonglian Packing Co's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Shanghai Xintonglian Packing Co's Cash-to-Debt Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Shanghai Xintonglian Packing Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Shanghai Xintonglian Packing Co's Cash-to-Debt falls into.

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Shanghai Xintonglian Packing Co Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Shanghai Xintonglian Packing Co's Cash to Debt Ratio for the fiscal year that ended in Dec. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	162.516	/	(58.957	+	19.355)
	=	2.08

Shanghai Xintonglian Packing Co's Cash to Debt Ratio for the quarter that ended in Mar. 2025 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	186.67	/	(58.958	+	20.565)
	=	2.35

Shanghai Xintonglian Packing Co (SHSE:603022) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Shanghai Xintonglian Packing Co Cash-to-Debt Related Terms

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Shanghai Xintonglian Packing Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Shanghai Xintonglian Packing Co Ltd (SHSE:603022) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 15, Lane 118, Yonghe Road, Jing'an District, Shanghai, CHN, 200072

Website

http://www.xtl.sh.cn

Shanghai Xintonglian Packing Co Ltd is engaged in the research and development, design of packaging products, packaging solutions and testing of packaging products, manufacturing and production of packaging products, customer on-site packaging services, and warehouse management. Its packaging solution includes wood packaging, paper packaging, plastic packaging, iron packaging, paper packaging.

Executives

Cao Wen Jie

Director

Shanghai Xintonglian Packing Co Headlines

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