Shanghai Bloom Technology (SHSE:603325) Cash-to-Debt : 84.41 (As of Sep. 2024)

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What is Shanghai Bloom Technology 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 Bloom Technology's cash to debt ratio for the quarter that ended in Sep. 2024 was 84.41.

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 Bloom Technology could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

SHSE:603325' s Cash-to-Debt Range Over the Past 10 Years
Min: 10.89 Med: 126.62 Max: No Debt
Current: 84.41

During the past 6 years, Shanghai Bloom Technology's highest Cash to Debt Ratio was No Debt. The lowest was 10.89. And the median was 126.62.

SHSE:603325's Cash-to-Debt is ranked better than
88.57% of 2991 companies
in the Industrial Products industry
Industry Median: 1.2 vs SHSE:603325: 84.41

Shanghai Bloom Technology Cash-to-Debt Historical Data

The historical data trend for Shanghai Bloom Technology'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 Bloom Technology Cash-to-Debt Chart

Shanghai Bloom Technology Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

46.28

113.22

213.27

125.18

Shanghai Bloom Technology Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial											176.78	125.18	164.36	135.15	84.41

Competitive Comparison of Shanghai Bloom Technology's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Shanghai Bloom Technology'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 Bloom Technology's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shanghai Bloom Technology's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Shanghai Bloom Technology's Cash-to-Debt falls into.

Shanghai Bloom Technology 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 Bloom Technology's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 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)
	=	512.475	/	(2.607	+	1.487)
	=	125.18

Shanghai Bloom Technology's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	1638.881	/	(11.881	+	7.535)
	=	84.41

Shanghai Bloom Technology (SHSE:603325) 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 Bloom Technology Cash-to-Debt Related Terms

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Shanghai Bloom Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shanghai Bloom Technology Inc (SHSE:603325) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

Xinxie Road, No. 1356, Huaxin Town, Qingpu District, Shanghai, CHN, 201708

Website

http://www.bloom-powder.com

Shanghai Bloom Technology Inc is a supplier of solutions for powder and granular material handling systems with pneumatic conveying as the core. It integrates treatment process design, technology research and development, key equipment manufacturing, automation control, system integration, and related technical services. The company mainly provides materials complete sets of equipment for pneumatic conveying, metering and mixing, storage, blending and homogenization and corresponding components, spare parts, and services.

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