Shandong Meichen Ecology & Environment Co (SZSE:300237) Cash-to-Debt : 0.06 (As of Mar. 2024)

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What is Shandong Meichen Ecology & Environment 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 Meichen Ecology & Environment Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.06.

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, Shandong Meichen Ecology & Environment Co 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 Shandong Meichen Ecology & Environment Co's Cash-to-Debt or its related term are showing as below:

SZSE:300237' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.27 Max: 1.17
Current: 0.06

During the past 13 years, Shandong Meichen Ecology & Environment Co's highest Cash to Debt Ratio was 1.17. The lowest was 0.06. And the median was 0.27.

SZSE:300237's Cash-to-Debt is ranked worse than
90.86% of 1302 companies
in the Vehicles & Parts industry
Industry Median: 0.58 vs SZSE:300237: 0.06

Shandong Meichen Ecology & Environment Co Cash-to-Debt Historical Data

The historical data trend for Shandong Meichen Ecology & Environment 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 Meichen Ecology & Environment Co Cash-to-Debt Chart

Shandong Meichen Ecology & Environment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.40

0.26

0.17

0.11

0.10

Shandong Meichen Ecology & Environment 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															0.15	0.15	0.10	0.10	0.06

Competitive Comparison of Shandong Meichen Ecology & Environment Co's Cash-to-Debt

For the Auto Parts subindustry, Shandong Meichen Ecology & Environment 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 Meichen Ecology & Environment Co's Cash-to-Debt Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Shandong Meichen Ecology & Environment Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Shandong Meichen Ecology & Environment Co's Cash-to-Debt falls into.

Shandong Meichen Ecology & Environment 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 Meichen Ecology & Environment 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)
	=	406.816	/	(3387.498	+	823.983)
	=	0.10

Shandong Meichen Ecology & Environment 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)
	=	232.697	/	(3387.953	+	828.716)
	=	0.06

Shandong Meichen Ecology & Environment Co (SZSE:300237) 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 Meichen Ecology & Environment Co Cash-to-Debt Related Terms

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

Shandong Meichen Ecology & Environment Co (SZSE:300237) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Shandong Meichen Ecology & Environment Co Ltd (SZSE:300237) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Northern part of East Outer Ring, Shandong Province, Zhucheng City, CHN, 262200

Website

http://www.meichen.cc

Shandong Meichen Ecology & Environment Co Ltd is engaged in the research, development, manufacturing, and distribution of rubber hose, damping rubber, engineering plastics products and related raw materials in China. It operates in the business areas of Sophisticated high molecular material and Ecological environment protection. The sophisticated high molecular material area offers suspension products, system integration modified engineering plastics products, elastic products damping noise reduction, and fluid pipe products. Ecological environment protection includes services like an ecological garden, soil repair, city minerals, water ecological management and air detection management.

Executives

Xu Hai Qin	Director
Zhang Lei	Director
Zheng Zhao Wei	Director
Li Rong Hua	Directors, executives
Guo Bai Feng	Director
Ma Jing Chun	Director
Li Rui Long	Executives
Xiao Pan Wen	Directors, executives
Sun Pei Zhu	Directors, executives
Li Wei Gang	Secretary Dong
Zhen Ran	Supervisors
Zhao Xiang Yang	Independent director
Li Xiao Nan	Director

Shandong Meichen Ecology & Environment Co (SZSE:300237) Headlines

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