Shandong Mining Machinery Group Co (SZSE:002526) Cash-to-Debt : 1.70 (As of Mar. 2024)

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What is Shandong Mining Machinery Group 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. Shandong Mining Machinery Group Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.70.

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, Shandong Mining Machinery Group 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 Shandong Mining Machinery Group Co's Cash-to-Debt or its related term are showing as below:

SZSE:002526' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.16 Med: 2.34 Max: 23.43
Current: 1.7

During the past 13 years, Shandong Mining Machinery Group Co's highest Cash to Debt Ratio was 23.43. The lowest was 0.16. And the median was 2.34.

SZSE:002526's Cash-to-Debt is ranked better than
56.6% of 2926 companies
in the Industrial Products industry
Industry Median: 1.22 vs SZSE:002526: 1.70

Shandong Mining Machinery Group Co Cash-to-Debt Historical Data

The historical data trend for Shandong Mining Machinery Group 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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Shandong Mining Machinery Group Co Cash-to-Debt Chart

Shandong Mining Machinery Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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9.27

22.92

6.17

2.38

1.79

Shandong Mining Machinery Group 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															2.83	2.63	2.49	1.79	1.70

Competitive Comparison of Shandong Mining Machinery Group Co's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Shandong Mining Machinery Group 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.

Shandong Mining Machinery Group Co's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shandong Mining Machinery Group Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Shandong Mining Machinery Group Co's Cash-to-Debt falls into.

Shandong Mining Machinery Group 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.

Shandong Mining Machinery Group 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)
	=	811.015	/	(453.359	+	0)
	=	1.79

Shandong Mining Machinery Group 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)
	=	838.391	/	(493.171	+	0)
	=	1.70

Shandong Mining Machinery Group Co (SZSE:002526) 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.

Shandong Mining Machinery Group Co Cash-to-Debt Related Terms

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

Shandong Mining Machinery Group Co (SZSE:002526) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shandong Mining Machinery Group Co Ltd (SZSE:002526) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Mining Machinery Industrial Park, Economic Development Zone, Changle County, Shandong province, Weifang, CHN

Website

http://www.sdkjjt.com

Shandong Mining Machinery Group Co Ltd manufactures and sells various machinery for coal mining, coal washing, mine safety, brick-making, post press packaging, and unmanned aviation industries in China. Its product portfolio comprises UAV, turbojet engines, and aero engines; and robots, 3D printing machines, workshop logistics automation systems, automatic cleaning and die cutting machines, and engineering robots.

Executives

Wang Zi Gang	Directors, executives
Zhu Yun	Supervisors
Yan Feng Chun	Executives
Yang Cheng San	Executives
Ji Feng	Executives
Chen Xue Wei	Directors, executives
Zhao Du Xue	Director
Zhang Yi Zhen	Director
Zhao Shi Wu	Director
Liang Min	Supervisors
	Director
Wang Yue Jiang	Director
Xiao Chang Li	Director
Zhong Zhang You	Director

Shandong Mining Machinery Group Co (SZSE:002526) Headlines

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