Shenzhen Zhongjin Lingnan Nonfemet Co (SZSE:000060) Cash-to-Debt : 0.37 (As of Mar. 2024)

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What is Shenzhen Zhongjin Lingnan Nonfemet 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 Zhongjin Lingnan Nonfemet Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.37.

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, Shenzhen Zhongjin Lingnan Nonfemet 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 Shenzhen Zhongjin Lingnan Nonfemet Co's Cash-to-Debt or its related term are showing as below:

SZSE:000060' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.15 Med: 0.41 Max: 0.79
Current: 0.37

During the past 13 years, Shenzhen Zhongjin Lingnan Nonfemet Co's highest Cash to Debt Ratio was 0.79. The lowest was 0.15. And the median was 0.41.

SZSE:000060's Cash-to-Debt is ranked worse than
77.45% of 2652 companies
in the Metals & Mining industry
Industry Median: 17.74 vs SZSE:000060: 0.37

Shenzhen Zhongjin Lingnan Nonfemet Co Cash-to-Debt Historical Data

The historical data trend for Shenzhen Zhongjin Lingnan Nonfemet 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 Zhongjin Lingnan Nonfemet Co Cash-to-Debt Chart

Shenzhen Zhongjin Lingnan Nonfemet Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.73

0.38

0.35

0.34

0.27

Shenzhen Zhongjin Lingnan Nonfemet 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															0.37	0.35	0.38	0.27	0.37

Competitive Comparison of Shenzhen Zhongjin Lingnan Nonfemet Co's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Shenzhen Zhongjin Lingnan Nonfemet 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 Zhongjin Lingnan Nonfemet Co's Cash-to-Debt Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Shenzhen Zhongjin Lingnan Nonfemet Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Shenzhen Zhongjin Lingnan Nonfemet Co's Cash-to-Debt falls into.

Shenzhen Zhongjin Lingnan Nonfemet 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 Zhongjin Lingnan Nonfemet 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)
	=	4534.643	/	(7216.908	+	9684.856)
	=	0.27

Shenzhen Zhongjin Lingnan Nonfemet 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)
	=	6209.382	/	(6177.83	+	10413.216)
	=	0.37

Shenzhen Zhongjin Lingnan Nonfemet Co (SZSE:000060) 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 Zhongjin Lingnan Nonfemet Co Cash-to-Debt Related Terms

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Shenzhen Zhongjin Lingnan Nonfemet Co (SZSE:000060) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Shenzhen Zhongjin Lingnan Nonfemet Co Ltd (SZSE:000060) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

6013 Shennan Road, Zhongguo Youse Building, 24th-26th Floor, Futian District, Guangdong, Shenzhen, CHN, 518040

Website

http://www.nonfemet.com

Shenzhen Zhongjin Lingnan Nonfemet Co Ltd is a China-based company engaged in the production of non-ferrous metals. Its product portfolio includes fine lead ore, fine zinc ore, mixed lead and zinc ore, fine sulfur ore, electrolytic lead, fine zinc, silver, fine cadmium, germanium ingots, germanium dioxide, indium ingots, sulfuric acid, zinc sulfate, section aluminum, curtain walls, steel stripes, nickel hydroxide, zinc powder for batteries, and fibrous nickel powder. The company also undertakes cross-industry and cross-region operations that span mining, processing, smelting, manufacturing, research and development, construction materials, real estate development, trade, warehousing, and financial service.

Executives

Qi Si Yin	Supervisors
Huang Jian Min	Secretary Dong
Yu Gang	Directors, executives
Chen Shao Hua	Executives
Niu Hong	Supervisors
Chu Hu	Executives
Liang Ming	Executives
Wu Sheng Hui	Director
Yao Shu	Executives
Yu Zhong Min	Executives
Peng Ling	Directors, executives
Ma Jian Hua	Director
Zhang Guang Yan	Supervisors
Zheng Jin Hua	Supervisors
Zhu Wei Ping	Independent director

Shenzhen Zhongjin Lingnan Nonfemet Co (SZSE:000060) Headlines

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