Shanghai Material Trading Co (SHSE:900927) Cash-to-Debt : 3.79 (As of Sep. 2024)

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What is Shanghai Material Trading 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. Shanghai Material Trading Co's cash to debt ratio for the quarter that ended in Sep. 2024 was 3.79.

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 Material Trading Co 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 Material Trading Co's Cash-to-Debt or its related term are showing as below:

SHSE:900927' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.17 Med: 2.52 Max: 7.17
Current: 3.79

During the past 13 years, Shanghai Material Trading Co's highest Cash to Debt Ratio was 7.17. The lowest was 0.17. And the median was 2.52.

SHSE:900927's Cash-to-Debt is ranked better than
78.85% of 539 companies
in the Conglomerates industry
Industry Median: 0.47 vs SHSE:900927: 3.79

Shanghai Material Trading Co Cash-to-Debt Historical Data

The historical data trend for Shanghai Material Trading 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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Shanghai Material Trading Co Cash-to-Debt Chart

Shanghai Material Trading Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

3.94

5.54

2.06

2.47

4.30

Shanghai Material Trading 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															5.10	4.30	4.91	3.57	3.79

Competitive Comparison of Shanghai Material Trading Co's Cash-to-Debt

For the Conglomerates subindustry, Shanghai Material Trading 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.

Shanghai Material Trading Co's Cash-to-Debt Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Shanghai Material Trading Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Shanghai Material Trading Co's Cash-to-Debt falls into.

Shanghai Material Trading 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.

Shanghai Material Trading 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)
	=	145.692	/	(18.528	+	15.331)
	=	4.30

Shanghai Material Trading 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)
	=	142.746	/	(18.094	+	19.532)
	=	3.79

Shanghai Material Trading Co (SHSE:900927) 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 Material Trading Co Cash-to-Debt Related Terms

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Shanghai Material Trading Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Shanghai Material Trading Co Ltd (SHSE:900927) » Definitions » Cash-to-Debt

Traded in Other Exchanges

600822:China

Address

No. 325 South Suzhou Road, 4th Floor, Shanghai, Shanghai, CHN, 200002

Website

http://www.600822sh.com

Shanghai Material Trading Co Ltd is principally engaged in the trading of metal, oil products and automobiles. The company operates its businesses in domestic and overseas markets. Its scopr of business include metal materials, mineral products, light chemical raw materials, building materials, wood, automobiles and accessories, mechanical and electrical equipment, fuel, hardware and electricity, textile Import and export trade business; warehousing, information consulting and technical services.

Shanghai Material Trading Co Headlines

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