Shenzhen Nanshan Power Co (SZSE:000037) Cash-to-Debt : 1.15 (As of Jun. 2024)

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What is Shenzhen Nanshan Power 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. Shenzhen Nanshan Power Co's cash to debt ratio for the quarter that ended in Jun. 2024 was 1.15.

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, Shenzhen Nanshan Power Co could pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

The historical rank and industry rank for Shenzhen Nanshan Power Co's Cash-to-Debt or its related term are showing as below:

SZSE:000037' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.18 Med: 0.9 Max: 1.54
Current: 1.15

During the past 13 years, Shenzhen Nanshan Power Co's highest Cash to Debt Ratio was 1.54. The lowest was 0.18. And the median was 0.90.

SZSE:000037's Cash-to-Debt is ranked better than
74.65% of 505 companies
in the Utilities - Regulated industry
Industry Median: 0.25 vs SZSE:000037: 1.15

Shenzhen Nanshan Power Co Cash-to-Debt Historical Data

The historical data trend for Shenzhen Nanshan Power 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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Shenzhen Nanshan Power Co Cash-to-Debt Chart

Shenzhen Nanshan Power Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.88

1.13

1.54

1.22

1.34

Shenzhen Nanshan Power Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Cash-to-Debt	Get a 7-Day Free Trial															1.30	0.91	1.34	1.07	1.15

Competitive Comparison of Shenzhen Nanshan Power Co's Cash-to-Debt

For the Utilities - Regulated Electric subindustry, Shenzhen Nanshan Power 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.

Shenzhen Nanshan Power Co's Cash-to-Debt Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Shenzhen Nanshan Power Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Shenzhen Nanshan Power Co's Cash-to-Debt falls into.

Shenzhen Nanshan Power 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.

Shenzhen Nanshan Power 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)
	=	542.189	/	(345.164	+	58.829)
	=	1.34

Shenzhen Nanshan Power Co's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	585.527	/	(502.549	+	4.64)
	=	1.15

Shenzhen Nanshan Power Co (SZSE:000037) 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.

Shenzhen Nanshan Power Co Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Shenzhen Nanshan Power Co's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Shenzhen Nanshan Power Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Shenzhen Nanshan Power Co Ltd (SZSE:000037) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

200037:China

Address

OCT, Nanshan District, 16th-17th Floor, Hantang Building, Guangdong Province, Shenzhen, CHN, 518053

Website

http://www.nsrd.com.cn

Shenzhen Nanshan Power Co Ltd is engaged in power and thermal supply, as well as providing technical consulting and technical services for power stations. The company has two wholly-owned or holding gas turbine plants, which are equipped with seven sets of 9E gas-steam combined cycle power generating units. These two gas turbine plants are all located in the power load center of the Pearl River Delta area, which is the main peaking power source in their areas. Its segments include Power and Heat Supply, Fuel Oil Trade, and other business.

Executives

Ye Qi Liang	Supervisors
Wu Dong Xiang	Directors, executives
Huang Jian	Executives
Yang Hai Xian	Director
Yang Wen Hua	Director
Li Hong Sheng	Director
Peng Bo	Supervisors
Wang Ren Dong	Executives

Shenzhen Nanshan Power Co Headlines

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