Qifeng New Material Co (SZSE:002521) Cash-to-Debt : 1.67 (As of Mar. 2024)

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What is Qifeng New Material 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. Qifeng New Material Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.67.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Qifeng New Material Co could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Qifeng New Material Co's Cash-to-Debt or its related term are showing as below:

SZSE:002521' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.24 Med: 0.93 Max: 3.66
Current: 1.67

During the past 13 years, Qifeng New Material Co's highest Cash to Debt Ratio was 3.66. The lowest was 0.24. And the median was 0.93.

SZSE:002521's Cash-to-Debt is ranked better than
75.53% of 282 companies
in the Forest Products industry
Industry Median: 0.315 vs SZSE:002521: 1.67

Qifeng New Material Co Cash-to-Debt Historical Data

The historical data trend for Qifeng New Material 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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Qifeng New Material Co Cash-to-Debt Chart

Qifeng New Material Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.41

2.97

3.14

1.78

1.60

Qifeng New Material 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															1.69	1.62	1.54	1.60	1.67

Competitive Comparison of Qifeng New Material Co's Cash-to-Debt

For the Paper & Paper Products subindustry, Qifeng New Material 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.

Qifeng New Material Co's Cash-to-Debt Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Qifeng New Material Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Qifeng New Material Co's Cash-to-Debt falls into.

Qifeng New Material 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.

Qifeng New Material 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)
	=	881.235	/	(552.047	+	0)
	=	1.60

Qifeng New Material 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)
	=	906.108	/	(542.655	+	0)
	=	1.67

Qifeng New Material Co (SZSE:002521) 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.

Qifeng New Material Co Cash-to-Debt Related Terms

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Qifeng New Material Co (SZSE:002521) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Qifeng New Material Co Ltd (SZSE:002521) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

No. 22, Qifeng Road, Zhutai Town, Linzi District, Zibo City, CHN, 255432

Website

http://www.qifeng.cn

Qifeng New Material Co Ltd researches develop, manufactures, and supplies decorative base papers, overlay papers, non-woven wall base papers, and flicker overlay papers in China. It also exports its products to different countries and regions.

Executives

Li An Dong	Directors, executives
Sun Wen Rong	Executives
Yao Yan Lei	Secretary Dong
Zhu Hong Sheng	Directors, executives
Li Wen Hai	Directors, executives
Zhang Shu Fang	Executives
Li Xian Ming	Executives
Li An Le	Executives
Li Xue Feng	Director
Liu Yong Gang	Supervisors
Zhang Ren Fu	Director
Mu Shou Jing	Supervisors
Zhang Xiang Zeng	Director
Li Bing Quan	Directors, executives

Qifeng New Material Co (SZSE:002521) Headlines

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