Shenzhen Capchem Technology Co (SZSE:300037) Cash-to-Debt : 0.89 (As of Jun. 2024)

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What is Shenzhen Capchem Technology 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. Shenzhen Capchem Technology Co's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.89.

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, Shenzhen Capchem Technology Co couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

The historical rank and industry rank for Shenzhen Capchem Technology Co's Cash-to-Debt or its related term are showing as below:

SZSE:300037' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.57 Med: 2.1 Max: No Debt
Current: 0.89

During the past 13 years, Shenzhen Capchem Technology Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.57. And the median was 2.10.

SZSE:300037's Cash-to-Debt is ranked better than
54.24% of 1543 companies
in the Chemicals industry
Industry Median: 0.72 vs SZSE:300037: 0.89

Shenzhen Capchem Technology Co Cash-to-Debt Historical Data

The historical data trend for Shenzhen Capchem Technology 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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Shenzhen Capchem Technology Co Cash-to-Debt Chart

Shenzhen Capchem Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.68

3.00

2.84

1.47

1.58

Shenzhen Capchem Technology Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Cash-to-Debt	Get a 7-Day Free Trial															1.57	1.69	1.58	1.19	0.89

Competitive Comparison of Shenzhen Capchem Technology Co's Cash-to-Debt

For the Specialty Chemicals subindustry, Shenzhen Capchem Technology 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.

Shenzhen Capchem Technology Co's Cash-to-Debt Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Shenzhen Capchem Technology Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Shenzhen Capchem Technology Co's Cash-to-Debt falls into.

Shenzhen Capchem Technology 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.

Shenzhen Capchem Technology 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)
	=	4837.558	/	(783.254	+	2284.713)
	=	1.58

Shenzhen Capchem Technology Co's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	2905.112	/	(952.081	+	2302.126)
	=	0.89

Shenzhen Capchem Technology Co (SZSE:300037) 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.

Shenzhen Capchem Technology Co Cash-to-Debt Related Terms

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

Shenzhen Capchem Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shenzhen Capchem Technology Co Ltd (SZSE:300037) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shabo Tongfuyu Industry Zone, Pingshan New District, Guangdong province, Shenzhen, CHN, 518118

Website

http://www.capchem.com

Shenzhen Capchem Technology Co Ltd is a China-based company specialized in the research and development, manufacturing, and marketing of electronic chemical products. The company has three categories of products, Capacitors Chemicals, Lithium Batteries Chemicals and Semiconductors Chemicals. Its product portfolio comprises lithium-ion batteries, supercapacitors, aluminum electrolytic, nuclear power, photoelectric polymer materials, semiconductor chemical, chemical reagent, cover discs and other products. The group sells its products in China and other countries.

Executives

Xie Wei Dong	Directors, executives
Zhou Ai Ping	Directors, executives
Ceng Yun Hui	Executives
Zhao Da Cheng	Supervisors
Jiang Xi Song	Executives
Chen Qun	Supervisors
Mao Yu Hua	Executives
Song Chun Hua	Supervisors
Zhao Zhi Ming	Secretary Dong
Tan Jiu San	Director
Zhou Da Wen	Directors, executives
Zheng Zhong Tian	Directors, executives
Zhang Gui Wen	Supervisors
Zhong Mei Hong	Director
Zhang Zhu Miao	Supervisors

Shenzhen Capchem Technology Co Headlines

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