Jointo Energy Investment Co Hebei (SZSE:000600) Cash-to-Debt : 0.11 (As of Mar. 2024)

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What is Jointo Energy Investment Co Hebei 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. Jointo Energy Investment Co Hebei's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.11.

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, Jointo Energy Investment Co Hebei 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 Jointo Energy Investment Co Hebei's Cash-to-Debt or its related term are showing as below:

SZSE:000600' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.14 Max: 0.25
Current: 0.11

During the past 13 years, Jointo Energy Investment Co Hebei's highest Cash to Debt Ratio was 0.25. The lowest was 0.06. And the median was 0.14.

SZSE:000600's Cash-to-Debt is ranked worse than
68.62% of 494 companies
in the Utilities - Regulated industry
Industry Median: 0.25 vs SZSE:000600: 0.11

Jointo Energy Investment Co Hebei Cash-to-Debt Historical Data

The historical data trend for Jointo Energy Investment Co Hebei'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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Jointo Energy Investment Co Hebei Cash-to-Debt Chart

Jointo Energy Investment Co Hebei Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.16

0.13

0.17

0.07

0.08

Jointo Energy Investment Co Hebei 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															0.13	0.06	0.09	0.08	0.11

Competitive Comparison of Jointo Energy Investment Co Hebei's Cash-to-Debt

For the Utilities - Regulated Electric subindustry, Jointo Energy Investment Co Hebei'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.

Jointo Energy Investment Co Hebei's Cash-to-Debt Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Jointo Energy Investment Co Hebei's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Jointo Energy Investment Co Hebei's Cash-to-Debt falls into.

Jointo Energy Investment Co Hebei 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.

Jointo Energy Investment Co Hebei'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)
	=	1559.578	/	(5136.313	+	15603.332)
	=	0.08

Jointo Energy Investment Co Hebei'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)
	=	2452.282	/	(7144.921	+	16063.782)
	=	0.11

Jointo Energy Investment Co Hebei (SZSE:000600) 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.

Jointo Energy Investment Co Hebei Cash-to-Debt Related Terms

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

Jointo Energy Investment Co Hebei (SZSE:000600) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Jointo Energy Investment Co Ltd Hebei (SZSE:000600) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 9 Yuhua West Road, Yuyuan Plaza, Block A, 17th Floor, Hebei, Shijiazhuang, CHN, 050051

Website

http://www.jei.com.cn

Jointo Energy Investment Co Ltd Hebei is engaged in the investment, construction, management, and energy production of energy projects.

Executives

Liu Hong	Executives
Mi Da Bin	Director
Wang Ting Liang	Director
Bai Zhi Jun	Executives
Dan Qun Ying	Director
Wang Yong Zhong	Director

Jointo Energy Investment Co Hebei (SZSE:000600) Headlines

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