Guangdong Zhongnan Iron & Steel Co (SZSE:000717) Cash-to-Debt : 0.30 (As of Mar. 2024)

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What is Guangdong Zhongnan Iron & Steel 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. Guangdong Zhongnan Iron & Steel Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.30.

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, Guangdong Zhongnan Iron & Steel 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 Guangdong Zhongnan Iron & Steel Co's Cash-to-Debt or its related term are showing as below:

SZSE:000717' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.33 Max: 1.76
Current: 0.3

During the past 13 years, Guangdong Zhongnan Iron & Steel Co's highest Cash to Debt Ratio was 1.76. The lowest was 0.03. And the median was 0.33.

SZSE:000717's Cash-to-Debt is ranked worse than
58.01% of 612 companies
in the Steel industry
Industry Median: 0.44 vs SZSE:000717: 0.30

Guangdong Zhongnan Iron & Steel Co Cash-to-Debt Historical Data

The historical data trend for Guangdong Zhongnan Iron & Steel 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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Guangdong Zhongnan Iron & Steel Co Cash-to-Debt Chart

Guangdong Zhongnan Iron & Steel Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.49

0.79

0.93

0.29

0.38

Guangdong Zhongnan Iron & Steel 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															0.58	0.71	0.37	0.38	0.30

Competitive Comparison of Guangdong Zhongnan Iron & Steel Co's Cash-to-Debt

For the Steel subindustry, Guangdong Zhongnan Iron & Steel 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.

Guangdong Zhongnan Iron & Steel Co's Cash-to-Debt Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Guangdong Zhongnan Iron & Steel Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Guangdong Zhongnan Iron & Steel Co's Cash-to-Debt falls into.

Guangdong Zhongnan Iron & Steel 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.

Guangdong Zhongnan Iron & Steel 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)
	=	1030.464	/	(603.287	+	2134.655)
	=	0.38

Guangdong Zhongnan Iron & Steel 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)
	=	930.418	/	(796.47	+	2333.845)
	=	0.30

Guangdong Zhongnan Iron & Steel Co (SZSE:000717) 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.

Guangdong Zhongnan Iron & Steel Co Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Guangdong Zhongnan Iron & Steel Co's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Guangdong Zhongnan Iron & Steel Co (SZSE:000717) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Guangdong Zhongnan Iron & Steel Co Ltd (SZSE:000717) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Shaogang Office Building, Qujiang District, Maba, Guangdong Province, Shaoguan, CHN, 512123

Website

http://www.sgss.com.cn

Guangdong Zhongnan Iron & Steel Co Ltd is engaged in the manufacturing, processing, and sales of steel and metallurgical products, metal products, coke, coal chemical products, technology development, transfer, introduction and consulting services.

Executives

Cai Jian Qun	Supervisors
Deng Yong	Supervisors
Wu Jian Ping	Executives
Shou Yao Ming	Executives
He Ping Chang	Supervisors
He Shi Qiang	Director
Lu Xue Yun	Director
Wang San Wu	Directors, executives
Chen Jian Ju	Supervisors

Guangdong Zhongnan Iron & Steel Co (SZSE:000717) Headlines

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