Guangdong Jingyi Metal Co (SZSE:002295) Cash-to-Debt : 0.58 (As of Mar. 2024)

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What is Guangdong Jingyi Metal 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 Jingyi Metal Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.58.

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 Jingyi Metal 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 Jingyi Metal Co's Cash-to-Debt or its related term are showing as below:

SZSE:002295' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.07 Med: 0.75 Max: 1.91
Current: 0.58

During the past 13 years, Guangdong Jingyi Metal Co's highest Cash to Debt Ratio was 1.91. The lowest was 0.07. And the median was 0.75.

SZSE:002295's Cash-to-Debt is ranked worse than
64.57% of 3009 companies
in the Industrial Products industry
Industry Median: 1.22 vs SZSE:002295: 0.58

Guangdong Jingyi Metal Co Cash-to-Debt Historical Data

The historical data trend for Guangdong Jingyi Metal 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 Jingyi Metal Co Cash-to-Debt Chart

Guangdong Jingyi Metal Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.71

1.27

0.80

1.90

1.24

Guangdong Jingyi Metal 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															1.19	0.89	0.83	1.24	0.58

Competitive Comparison of Guangdong Jingyi Metal Co's Cash-to-Debt

For the Metal Fabrication subindustry, Guangdong Jingyi Metal 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 Jingyi Metal Co's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Guangdong Jingyi Metal Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Guangdong Jingyi Metal Co's Cash-to-Debt falls into.

Guangdong Jingyi Metal 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 Jingyi Metal 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)
	=	366.514	/	(259.533	+	37.183)
	=	1.24

Guangdong Jingyi Metal 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)
	=	217.903	/	(329.797	+	48.512)
	=	0.58

Guangdong Jingyi Metal Co (SZSE:002295) 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 Jingyi Metal Co Cash-to-Debt Related Terms

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

Guangdong Jingyi Metal Co (SZSE:002295) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Guangdong Jingyi Metal Co Ltd (SZSE:002295) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Xihai Industrial Zone, Beijiao Town, Shunde District, Guangdong, Foshan, CHN, 528311

Website

http://www.jingyimetal.com

Guangdong Jingyi Metal Co Ltd is engaged in the copper processing industry which include precision copper pipe and copper pipe deep processing and supply chain service trade. The products of the company include precision copper tube parts for refrigerator, precision copper pipe parts for gas, and oxygen free copper magnetron for microwave.

Executives

Zhu Chao Rong	Supervisors
Yu Min Shan	Securities Affairs Representative
Zhang Zhou	Executives, directors
Chang Zheng	Executives
Wei Guo	Directors, executives
Zhang Jun	Director
Zhu Xu	Director
Feng Jing Ming	Director
Yang Lin Zhang	Directors, executives
He Shu Hua	Director
Li Wei Bin	Directors, executives

Guangdong Jingyi Metal Co (SZSE:002295) Headlines

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