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Henan Jindan Lactic Acid Technology Co (SZSE:300829) Cash-to-Debt : 0.43 (As of Sep. 2024)


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What is Henan Jindan Lactic Acid 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. Henan Jindan Lactic Acid Technology Co's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.43.

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, Henan Jindan Lactic Acid Technology Co couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

The historical rank and industry rank for Henan Jindan Lactic Acid Technology Co's Cash-to-Debt or its related term are showing as below:

SZSE:300829' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.08   Med: 0.45   Max: 5.03
Current: 0.43

During the past 11 years, Henan Jindan Lactic Acid Technology Co's highest Cash to Debt Ratio was 5.03. The lowest was 0.08. And the median was 0.45.

SZSE:300829's Cash-to-Debt is ranked worse than
59.86% of 1547 companies
in the Chemicals industry
Industry Median: 0.69 vs SZSE:300829: 0.43

Henan Jindan Lactic Acid Technology Co Cash-to-Debt Historical Data

The historical data trend for Henan Jindan Lactic Acid 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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Henan Jindan Lactic Acid Technology Co Cash-to-Debt Chart

Henan Jindan Lactic Acid Technology Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash-to-Debt
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.09 5.03 0.65 0.45 0.45

Henan Jindan Lactic Acid Technology 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.60 0.45 0.50 0.50 0.43

Competitive Comparison of Henan Jindan Lactic Acid Technology Co's Cash-to-Debt

For the Chemicals subindustry, Henan Jindan Lactic Acid 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.


Henan Jindan Lactic Acid Technology Co's Cash-to-Debt Distribution in the Chemicals Industry

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

* The bar in red indicates where Henan Jindan Lactic Acid Technology Co's Cash-to-Debt falls into.



Henan Jindan Lactic Acid 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.

Henan Jindan Lactic Acid Technology Co's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Henan Jindan Lactic Acid Technology Co's Cash to Debt Ratio for the quarter that ended in Sep. 2024 is calculated as:

* 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.


Henan Jindan Lactic Acid Technology Co  (SZSE:300829) 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.


Henan Jindan Lactic Acid Technology Co Cash-to-Debt Related Terms

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


Henan Jindan Lactic Acid Technology Co Business Description

Traded in Other Exchanges
N/A
Address
08 Jindan Avenue, Dancheng County, Henan Province, Zhoukou, CHN, 477150
Henan Jindan Lactic Acid Technology Co Ltd is engaged in production and sales of lactic acid, lactate and lactate products. The company's products include actic acid, calcium lactate, sodium lactate, Potassium lactate, zinc lactate, ferrous lactate, magnesium lactate, copper lactate, lactic acid Antimony, strontium lactate, ammonium lactate, selenium lactate, ammonium sulfate; methyl lactate, ethyl lactate, butyl lactate Ester, ethyl acetate, polyglycerol lactate, polylactic acid and its products, pyruvate, lactide, plasticizer, emulsifier; feed corn starch residue and other by-products.
Executives
Cui Yao Jun Directors, Directors, and Executives
Yu Pei Xing Director
Chen Fei Executives
Wang Ran Ming Director
Shi Yong Zhen Supervisors

Henan Jindan Lactic Acid Technology Co Headlines

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