Jiangsu HSC New Energy Materials Co (SHSE:688353) Cash-to-Debt : 15.52 (As of Mar. 2024)

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What is Jiangsu HSC New Energy Materials 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 HSC New Energy Materials Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 15.52.

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, Jiangsu HSC New Energy Materials Co could 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 HSC New Energy Materials Co's Cash-to-Debt or its related term are showing as below:

SHSE:688353' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.21 Med: 10.65 Max: 67.68
Current: 15.52

During the past 6 years, Jiangsu HSC New Energy Materials Co's highest Cash to Debt Ratio was 67.68. The lowest was 0.21. And the median was 10.65.

SHSE:688353's Cash-to-Debt is ranked better than
85.48% of 1550 companies
in the Chemicals industry
Industry Median: 0.74 vs SHSE:688353: 15.52

Jiangsu HSC New Energy Materials Co Cash-to-Debt Historical Data

The historical data trend for Jiangsu HSC New Energy Materials 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 HSC New Energy Materials Co Cash-to-Debt Chart

Jiangsu HSC New Energy Materials Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.21

0.45

1.73

36.85

16.52

Jiangsu HSC New Energy Materials Co Quarterly Data
	Dec18	Dec19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial													27.44	19.63	19.51	16.52	15.52

Competitive Comparison of Jiangsu HSC New Energy Materials Co's Cash-to-Debt

For the Chemicals subindustry, Jiangsu HSC New Energy Materials 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 HSC New Energy Materials Co's Cash-to-Debt Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Jiangsu HSC New Energy Materials Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Jiangsu HSC New Energy Materials Co's Cash-to-Debt falls into.

Jiangsu HSC New Energy Materials 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 HSC New Energy Materials 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)
	=	2123.917	/	(5.03	+	123.568)
	=	16.52

Jiangsu HSC New Energy Materials 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)
	=	1991.833	/	(5.028	+	123.334)
	=	15.52

Jiangsu HSC New Energy Materials Co (SHSE:688353) 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 HSC New Energy Materials Co Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Jiangsu HSC New Energy Materials Co's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Jiangsu HSC New Energy Materials Co (SHSE:688353) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Jiangsu HSC New Energy Materials Co Ltd (SHSE:688353) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

No. 10 Qinghai Road, Yangtze River International Chemical Industrial Park, Jiangsu Province, Zhangjiagang, CHN, 215600

Website

http://www.sinohsc.com

Jiangsu HSC New Energy Materials Co Ltd is engaged in the production and sales of lithium battery electrolyte additives. The company's products mainly include two series of electronic chemicals and special silicones. In the field of electronic chemicals, the company supplies vinylene carbonate (VC) and fluoroethylene carbonate (FEC) in the market. The products are widely used in new energy vehicles, electric two-wheelers, power tools, UPS power supplies, mobile base station power supply, photovoltaic power station, 3C products and other fields. In the field of special silicones, the company manufacturers the technology of non-phosgene production of isocyanate silanes.

Jiangsu HSC New Energy Materials Co (SHSE:688353) Headlines

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