JiangSu JiuWu Hi-Tech Co (SZSE:300631) Cash-to-Debt : 2.43 (As of Mar. 2024)

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What is JiangSu JiuWu Hi-Tech 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. JiangSu JiuWu Hi-Tech Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 2.43.

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, JiangSu JiuWu Hi-Tech 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 JiangSu JiuWu Hi-Tech Co's Cash-to-Debt or its related term are showing as below:

SZSE:300631' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.88 Med: 3.13 Max: No Debt
Current: 2.43

During the past 13 years, JiangSu JiuWu Hi-Tech Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.88. And the median was 3.13.

SZSE:300631's Cash-to-Debt is ranked better than
62.14% of 2900 companies
in the Industrial Products industry
Industry Median: 1.23 vs SZSE:300631: 2.43

JiangSu JiuWu Hi-Tech Co Cash-to-Debt Historical Data

The historical data trend for JiangSu JiuWu Hi-Tech 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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JiangSu JiuWu Hi-Tech Co Cash-to-Debt Chart

JiangSu JiuWu Hi-Tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.39

1.30

24.23

17.36

3.44

JiangSu JiuWu Hi-Tech 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															4.32	2.94	2.32	3.44	2.43

Competitive Comparison of JiangSu JiuWu Hi-Tech Co's Cash-to-Debt

For the Metal Fabrication subindustry, JiangSu JiuWu Hi-Tech 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.

JiangSu JiuWu Hi-Tech Co's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, JiangSu JiuWu Hi-Tech Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where JiangSu JiuWu Hi-Tech Co's Cash-to-Debt falls into.

JiangSu JiuWu Hi-Tech 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.

JiangSu JiuWu Hi-Tech 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)
	=	288.49	/	(70.163	+	13.648)
	=	3.44

JiangSu JiuWu Hi-Tech 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)
	=	249.53	/	(90.138	+	12.739)
	=	2.43

JiangSu JiuWu Hi-Tech Co (SZSE:300631) 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.

JiangSu JiuWu Hi-Tech Co Cash-to-Debt Related Terms

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

JiangSu JiuWu Hi-Tech Co (SZSE:300631) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » JiangSu JiuWu Hi-Tech Co Ltd (SZSE:300631) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 9 Huqiao East Road, Jiangpu Sub District, Pukou District, Nanjing City, CHN, 211808

Website

http://www.jiuwu.com

JiangSu JiuWu Hi-Tech Co Ltd is engaged in the research and development and application of membrane separation technology. Its products include organic membranes, ceramic and organic membrane modules, membrane pilot machines, and skid-mounted devices. The company's products and technologies have been widely used in chlor-alkali chemical brine refining, petrochemical membrane catalytic reaction, coal chemical oil and water separation, purification of fine chemical products, antibiotics, and other biological products.

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