Shanxi Huhua Group Co (SZSE:003002) Cash-to-Debt : 22.89 (As of Sep. 2024)

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What is Shanxi Huhua 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. Shanxi Huhua Group Co's cash to debt ratio for the quarter that ended in Sep. 2024 was 22.89.

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, Shanxi Huhua Group Co could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

The historical rank and industry rank for Shanxi Huhua Group Co's Cash-to-Debt or its related term are showing as below:

SZSE:003002' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.51 Med: 50.05 Max: 14103.4
Current: 22.89

During the past 12 years, Shanxi Huhua Group Co's highest Cash to Debt Ratio was 14103.40. The lowest was 0.51. And the median was 50.05.

SZSE:003002's Cash-to-Debt is ranked better than
87.33% of 1547 companies
in the Chemicals industry
Industry Median: 0.69 vs SZSE:003002: 22.89

Shanxi Huhua Group Co Cash-to-Debt Historical Data

The historical data trend for Shanxi Huhua 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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Shanxi Huhua Group Co Cash-to-Debt Chart

Shanxi Huhua Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

75.21

8.91

51.29

43.22

Shanxi Huhua Group Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															12.18	43.22	31.62	34.74	22.89

Competitive Comparison of Shanxi Huhua Group Co's Cash-to-Debt

For the Specialty Chemicals subindustry, Shanxi Huhua 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.

Shanxi Huhua Group Co's Cash-to-Debt Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Shanxi Huhua Group Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Shanxi Huhua Group Co's Cash-to-Debt falls into.

Shanxi Huhua 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.

Shanxi Huhua 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)
	=	516.19	/	(7.84	+	4.104)
	=	43.22

Shanxi Huhua Group Co's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	368.157	/	(12.317	+	3.765)
	=	22.89

Shanxi Huhua Group Co (SZSE:003002) 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.

Shanxi Huhua Group Co Cash-to-Debt Related Terms

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

Shanxi Huhua Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shanxi Huhua Group Co Ltd (SZSE:003002) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

North of Huguan County, Shanxi Province, Changzhi, CHN, 047300

Website

http://www.shanxihuhua.com

Shanxi Huhua Group Co Ltd is engaged in production and sales of various civil explosives and provides customers with specific engineering blasting solutions and blasting services. The company produces industrial detonators and explosive series products widely used in mining, water conservancy and hydropower, transportation construction, geological exploration and other fields.

Executives

Qin Dong	Director
Zhao Bin Fang	Director
Guo Ping Ze	Directors, executives
Duan Lin Qing	Supervisors
Zhang Hong	Directors, executives
Zhang Zhi Bing	Directors, executives
Pang Jian Jun	Director
Yang Xiao Lin	Supervisors
Guo Min	Directors, executives

Shanxi Huhua Group Co Headlines

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