Cheng Du Sheng Nuo Biotec Co (SHSE:688117) Cash-to-Debt : 0.91 (As of Mar. 2024)

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What is Cheng Du Sheng Nuo Biotec 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. Cheng Du Sheng Nuo Biotec Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.91.

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, Cheng Du Sheng Nuo Biotec 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 Cheng Du Sheng Nuo Biotec Co's Cash-to-Debt or its related term are showing as below:

SHSE:688117' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.91 Med: 6.68 Max: No Debt
Current: 0.91

During the past 7 years, Cheng Du Sheng Nuo Biotec Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.91. And the median was 6.68.

SHSE:688117's Cash-to-Debt is ranked worse than
50.68% of 1036 companies
in the Drug Manufacturers industry
Industry Median: 0.95 vs SHSE:688117: 0.91

Cheng Du Sheng Nuo Biotec Co Cash-to-Debt Historical Data

The historical data trend for Cheng Du Sheng Nuo Biotec 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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Cheng Du Sheng Nuo Biotec Co Cash-to-Debt Chart

Cheng Du Sheng Nuo Biotec Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

N/A

No Debt

12.51

3.63

1.03

Cheng Du Sheng Nuo Biotec Co Quarterly Data
	Dec18	Mar19	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															2.03	1.53	1.13	1.03	0.91

Competitive Comparison of Cheng Du Sheng Nuo Biotec Co's Cash-to-Debt

For the Drug Manufacturers - Specialty & Generic subindustry, Cheng Du Sheng Nuo Biotec 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.

Cheng Du Sheng Nuo Biotec Co's Cash-to-Debt Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Cheng Du Sheng Nuo Biotec Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Cheng Du Sheng Nuo Biotec Co's Cash-to-Debt falls into.

Cheng Du Sheng Nuo Biotec 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.

Cheng Du Sheng Nuo Biotec 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)
	=	269.129	/	(71.905	+	189.793)
	=	1.03

Cheng Du Sheng Nuo Biotec 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)
	=	260.241	/	(136.042	+	151.379)
	=	0.91

Cheng Du Sheng Nuo Biotec Co (SHSE:688117) 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.

Cheng Du Sheng Nuo Biotec Co Cash-to-Debt Related Terms

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Cheng Du Sheng Nuo Biotec Co (SHSE:688117) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Cheng Du Sheng Nuo Biotec Co Ltd (SHSE:688117) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Section 1, Industrial Avenue, Jinyuan Town, Dayi County, Sichuan Province, Chengdu, CHN, 611330

Website

http://www.snbiopharm.com

Cheng Du Sheng Nuo Biotec Co Ltd is a independent research and development, production and sales of peptide raw materials and preparation products.

Executives

Wang Xiao Li	Directors, senior managers
Lu Chang Liang	senior management
Zhang Hong Yan	Directors, senior managers

Cheng Du Sheng Nuo Biotec Co (SHSE:688117) Headlines

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