Xinjiang Zhundong Petroleum Technology Co (SZSE:002207) Cash-to-Debt : 0.34 (As of Mar. 2024)

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What is Xinjiang Zhundong Petroleum Technology 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. Xinjiang Zhundong Petroleum Technology Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.34.

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, Xinjiang Zhundong Petroleum Technology 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 Xinjiang Zhundong Petroleum Technology Co's Cash-to-Debt or its related term are showing as below:

SZSE:002207' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.35 Max: 3.62
Current: 0.34

During the past 13 years, Xinjiang Zhundong Petroleum Technology Co's highest Cash to Debt Ratio was 3.62. The lowest was 0.04. And the median was 0.35.

SZSE:002207's Cash-to-Debt is ranked worse than
57.8% of 1019 companies
in the Oil & Gas industry
Industry Median: 0.5 vs SZSE:002207: 0.34

Xinjiang Zhundong Petroleum Technology Co Cash-to-Debt Historical Data

The historical data trend for Xinjiang Zhundong Petroleum Technology 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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Xinjiang Zhundong Petroleum Technology Co Cash-to-Debt Chart

Xinjiang Zhundong Petroleum Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.73

0.24

0.25

0.68

0.31

Xinjiang Zhundong Petroleum Technology 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															0.92	0.38	0.30	0.31	0.34

Competitive Comparison of Xinjiang Zhundong Petroleum Technology Co's Cash-to-Debt

For the Oil & Gas Equipment & Services subindustry, Xinjiang Zhundong Petroleum Technology 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.

Xinjiang Zhundong Petroleum Technology Co's Cash-to-Debt Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Xinjiang Zhundong Petroleum Technology Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Xinjiang Zhundong Petroleum Technology Co's Cash-to-Debt falls into.

Xinjiang Zhundong Petroleum Technology 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.

Xinjiang Zhundong Petroleum Technology 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)
	=	33.018	/	(100.703	+	5.2)
	=	0.31

Xinjiang Zhundong Petroleum Technology 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)
	=	29.997	/	(83.646	+	5.2)
	=	0.34

Xinjiang Zhundong Petroleum Technology Co (SZSE:002207) 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.

Xinjiang Zhundong Petroleum Technology Co Cash-to-Debt Related Terms

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Xinjiang Zhundong Petroleum Technology Co (SZSE:002207) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Xinjiang Zhundong Petroleum Technology Co Ltd (SZSE:002207) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 251 Youyi Road, Xinjiang Uygur Autonomous Region, Karamay, CHN, 831511

Website

http://www.zygf.com.cn

Xinjiang Zhundong Petroleum Technology Co Ltd is engaged in providing oilfield dynamic monitoring and enhanced oil recovery technology services for oil and natural gas mining enterprises. The business of the company includes petroleum technology services, transportation services, and sales of chemical products. The services include well testing, production testing, water shutoff, profile control, and coiled tubing operations.

Executives

Lv Zhan Min	Directors, Directors, and Executives
Jian Wei	Directors, executives
Ai Ke Bai Er Mai Mai Ti	Supervisors
Zhao Shu Zhi	Supervisors
Shi Qiang	Executives
Gu Yu Rong	Independent director
Wang Yu Xin	Executives
Cao Hao	Director
Liu Jun	Supervisors
Zuo Jun	Supervisors
Ai Ke Bai Er Mai Mai Ti	Supervisors
Ding Hao	Supervisors
Xu Wen Shi	Executives
Chang Wen Jiu	Directors, executives
Tao Wei	Supervisors

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