Tianqi Lithium Industries (SZSE:002466) Cash-to-Debt : 0.83 (As of Mar. 2024)

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What is Tianqi Lithium Industries 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. Tianqi Lithium Industries's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.83.

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, Tianqi Lithium Industries 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 Tianqi Lithium Industries's Cash-to-Debt or its related term are showing as below:

SZSE:002466' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.46 Max: 1.43
Current: 0.83

During the past 13 years, Tianqi Lithium Industries's highest Cash to Debt Ratio was 1.43. The lowest was 0.02. And the median was 0.46.

SZSE:002466's Cash-to-Debt is ranked better than
53.06% of 1551 companies
in the Chemicals industry
Industry Median: 0.72 vs SZSE:002466: 0.83

Tianqi Lithium Industries Cash-to-Debt Historical Data

The historical data trend for Tianqi Lithium Industries'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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Tianqi Lithium Industries Cash-to-Debt Chart

Tianqi Lithium Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.13

0.03

0.10

1.43

0.82

Tianqi Lithium Industries 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															1.32	1.02	0.74	0.82	0.83

Competitive Comparison of Tianqi Lithium Industries's Cash-to-Debt

For the Specialty Chemicals subindustry, Tianqi Lithium Industries'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.

Tianqi Lithium Industries's Cash-to-Debt Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Tianqi Lithium Industries's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Tianqi Lithium Industries's Cash-to-Debt falls into.

Tianqi Lithium Industries 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.

Tianqi Lithium Industries'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)
	=	9603.344	/	(1090.128	+	10666.858)
	=	0.82

Tianqi Lithium Industries'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)
	=	9394.835	/	(969.094	+	10310.411)
	=	0.83

Tianqi Lithium Industries (SZSE:002466) 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.

Tianqi Lithium Industries Cash-to-Debt Related Terms

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Tianqi Lithium Industries (SZSE:002466) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Tianqi Lithium Industries Inc (SZSE:002466) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

No.10 East Gaopeng Road, Hi-Tech Development Zone, Sichuan Province, Chengdu, CHN, 629200

Website

http://www.tianqilithium.com

Tianqi Lithium is a leading new energy materials company headquartered in China. The company is the largest producer of mined lithium globally in terms of output and is ranked third in terms of revenue generated from lithium, according to Wood Mackenzie. It is also the world's fourth largest and Asia's second largest lithium compound producer, as measured by production output, according to the same source. Tianqi is the only lithium producer in China that has achieved 100% self-sufficiency and has fully vertically integrated lithium mines. It operates in critical stages of the lithium value chain, including: 1) mining of lithium ore and manufacturing of lithium concentrate; and 2) manufacturing of lithium compounds and derivatives.

Tianqi Lithium Industries (SZSE:002466) Headlines

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