Anhui Province Natural Gas Development Co (SHSE:603689) Cash-to-Debt : 0.39 (As of Sep. 2024)

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What is Anhui Province Natural Gas Development 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. Anhui Province Natural Gas Development Co's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.39.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Anhui Province Natural Gas Development Co couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

The historical rank and industry rank for Anhui Province Natural Gas Development Co's Cash-to-Debt or its related term are showing as below:

SHSE:603689' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.37 Med: 0.76 Max: 1.2
Current: 0.39

During the past 13 years, Anhui Province Natural Gas Development Co's highest Cash to Debt Ratio was 1.20. The lowest was 0.37. And the median was 0.76.

SHSE:603689's Cash-to-Debt is ranked worse than
55.83% of 987 companies
in the Oil & Gas industry
Industry Median: 0.52 vs SHSE:603689: 0.39

Anhui Province Natural Gas Development Co Cash-to-Debt Historical Data

The historical data trend for Anhui Province Natural Gas Development 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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Anhui Province Natural Gas Development Co Cash-to-Debt Chart

Anhui Province Natural Gas Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.79

0.96

0.97

0.49

0.43

Anhui Province Natural Gas Development Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															0.48	0.43	0.46	0.39	0.39

Competitive Comparison of Anhui Province Natural Gas Development Co's Cash-to-Debt

For the Oil & Gas Midstream subindustry, Anhui Province Natural Gas Development 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.

Anhui Province Natural Gas Development Co's Cash-to-Debt Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Anhui Province Natural Gas Development Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Anhui Province Natural Gas Development Co's Cash-to-Debt falls into.

Anhui Province Natural Gas Development 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.

Anhui Province Natural Gas Development Co'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)
	=	1120.35	/	(195.816	+	2430.08)
	=	0.43

Anhui Province Natural Gas Development Co'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)
	=	1056.114	/	(754.999	+	1988.572)
	=	0.38

Anhui Province Natural Gas Development Co (SHSE:603689) 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.

Anhui Province Natural Gas Development Co Cash-to-Debt Related Terms

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Anhui Province Natural Gas Development Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Anhui Province Natural Gas Development Co Ltd (SHSE:603689) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

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Address

No. 9 Dalian Road, Baohe Industrial Zone, Anhui Province, Hefei, CHN, 230051

Website

http://www.ahtrq.com

Anhui Province Natural Gas Development Co Ltd is a natural gas pipeline operator. It invests, constructs, operates and manages natural gas pipelines in Anhui Province. The company also participates in the development and construction of natural gas pipeline network in urban areas; manages natural gas resources on behalf of Anhui Province; sells natural gas; and market and competitive investment in other natural gas, CBM and other energy applications and related projects. The other business activities of the company are to invest in the development of natural gas and coal seams in the province Gas resources projects; other energy development projects; and to engage in other auxiliary businesses.

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