Jiangsu Jingyuan Environmental Protection Co (SHSE:688096) Cash-to-Debt : 0.28 (As of Mar. 2024)

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What is Jiangsu Jingyuan Environmental Protection 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. Jiangsu Jingyuan Environmental Protection Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.28.

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, Jiangsu Jingyuan Environmental Protection Co couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Jiangsu Jingyuan Environmental Protection Co's Cash-to-Debt or its related term are showing as below:

SHSE:688096' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05 Med: 0.92 Max: 4.75
Current: 0.28

During the past 11 years, Jiangsu Jingyuan Environmental Protection Co's highest Cash to Debt Ratio was 4.75. The lowest was 0.05. And the median was 0.92.

SHSE:688096's Cash-to-Debt is ranked better than
54.24% of 507 companies
in the Utilities - Regulated industry
Industry Median: 0.25 vs SHSE:688096: 0.28

Jiangsu Jingyuan Environmental Protection Co Cash-to-Debt Historical Data

The historical data trend for Jiangsu Jingyuan Environmental Protection 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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Jiangsu Jingyuan Environmental Protection Co Cash-to-Debt Chart

Jiangsu Jingyuan Environmental Protection Co Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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2.51

2.84

0.89

0.66

0.25

Jiangsu Jingyuan Environmental Protection Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.50	0.33	0.31	0.25	0.28

Competitive Comparison of Jiangsu Jingyuan Environmental Protection Co's Cash-to-Debt

For the Utilities - Regulated Water subindustry, Jiangsu Jingyuan Environmental Protection 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.

Jiangsu Jingyuan Environmental Protection Co's Cash-to-Debt Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Jiangsu Jingyuan Environmental Protection Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Jiangsu Jingyuan Environmental Protection Co's Cash-to-Debt falls into.

Jiangsu Jingyuan Environmental Protection 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.

Jiangsu Jingyuan Environmental Protection 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)
	=	179.686	/	(255.876	+	458.449)
	=	0.25

Jiangsu Jingyuan Environmental Protection Co's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	215.122	/	(309.558	+	448.667)
	=	0.28

Jiangsu Jingyuan Environmental Protection Co (SHSE:688096) 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.

Jiangsu Jingyuan Environmental Protection Co Cash-to-Debt Related Terms

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Jiangsu Jingyuan Environmental Protection Co (SHSE:688096) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Jiangsu Jingyuan Environmental Protection Co Ltd (SHSE:688096) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 Chongchuan Road, 1st Floor, Building 9, Jiangsu Province, Nantong, CHN, 226000

Website

http://www.jsjyep.com

Jiangsu Jingyuan Environmental Protection Co Ltd is engaged in provision of industrial water treatment. The company relies on self-developed core technologies such as industrial wastewater electronic flocculation treatment technology, high-efficiency wastewater zero discharge technology, and high-efficiency wastewater electrocatalytic oxidation technology. It provides large-scale enterprise customers with consulting, integration and sales, and engineering contracting, research and design of industrial water treatment equipment.

Executives

Ji Meng	Directors, senior managers
Ji Xian Hua	Directors, senior managers, core technical personn
Su Hai Juan	Directors, senior managers

Jiangsu Jingyuan Environmental Protection Co (SHSE:688096) Headlines

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