Dongguan Changlian New Materials Technology Co (SZSE:301618) Cash-to-Debt : 3.84 (As of Mar. 2025)

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What is Dongguan Changlian New Materials 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. Dongguan Changlian New Materials Technology Co's cash to debt ratio for the quarter that ended in Mar. 2025 was 3.84.

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, Dongguan Changlian New Materials Technology Co could pay off its debt using the cash in hand for the quarter that ended in Mar. 2025.

The historical rank and industry rank for Dongguan Changlian New Materials Technology Co's Cash-to-Debt or its related term are showing as below:

SZSE:301618' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.08 Med: 2.05 Max: No Debt
Current: 4.53

During the past 10 years, Dongguan Changlian New Materials Technology Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.08. And the median was 2.05.

SZSE:301618's Cash-to-Debt is ranked better than
76.22% of 1552 companies
in the Chemicals industry
Industry Median: 0.71 vs SZSE:301618: 4.53

Dongguan Changlian New Materials Technology Co Cash-to-Debt Historical Data

The historical data trend for Dongguan Changlian New Materials 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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Dongguan Changlian New Materials Technology Co Cash-to-Debt Chart

Dongguan Changlian New Materials Technology Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash-to-Debt

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2.25

1.77

1.98

2.15

4.71

Dongguan Changlian New Materials Technology Co Quarterly Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec19	Dec20	Dec21	Mar22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Cash-to-Debt	Get a 7-Day Free Trial															N/A	1.10	4.53	4.71	3.84

Competitive Comparison of Dongguan Changlian New Materials Technology Co's Cash-to-Debt

For the Specialty Chemicals subindustry, Dongguan Changlian New Materials 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.

Dongguan Changlian New Materials Technology Co's Cash-to-Debt Distribution in the Chemicals Industry

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

* The bar in red indicates where Dongguan Changlian New Materials Technology Co's Cash-to-Debt falls into.

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Dongguan Changlian New Materials 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.

Dongguan Changlian New Materials Technology Co's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	372.926	/	(5.764	+	73.469)
	=	4.71

Dongguan Changlian New Materials Technology Co's Cash to Debt Ratio for the quarter that ended in Mar. 2025 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)
	=	375.923	/	(24.338	+	73.469)
	=	3.84

Dongguan Changlian New Materials Technology Co (SZSE:301618) 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.

Dongguan Changlian New Materials Technology Co Cash-to-Debt Related Terms

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Dongguan Changlian New Materials Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Dongguan Changlian New Materials Technology Co Ltd (SZSE:301618) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shida Road, Building 1, No. 733, Liaobu Section, Liaobu Town, Guangdong Province, Dongguan, CHN, 523419

Website

https://www.dgclt.com

Dongguan Changlian New Materials Technology Co Ltd is specialized in environmental protection, ecological water-based inks, water-based resin, digital printing inks, additives and other printing materials and printing automatic equipment research and development, production, sales and technical services. It's a textile and garment enterprise that provides diversified products and technology of textile and garment printing service overall solution provider. The company's main products include water-based inks, resin, digital printing and additives.

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