LONGi Green Energy Technology Co (SHSE:601012) Cash-to-Debt : 2.20 (As of Mar. 2024)

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What is LONGi Green Energy 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. LONGi Green Energy Technology Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 2.20.

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, LONGi Green Energy Technology 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 LONGi Green Energy Technology Co's Cash-to-Debt or its related term are showing as below:

SHSE:601012' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.87 Med: 2.08 Max: 4.14
Current: 2.2

During the past 13 years, LONGi Green Energy Technology Co's highest Cash to Debt Ratio was 4.14. The lowest was 0.87. And the median was 2.08.

SHSE:601012's Cash-to-Debt is ranked better than
54.38% of 993 companies
in the Semiconductors industry
Industry Median: 1.76 vs SHSE:601012: 2.20

LONGi Green Energy Technology Co Cash-to-Debt Historical Data

The historical data trend for LONGi Green Energy 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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LONGi Green Energy Technology Co Cash-to-Debt Chart

LONGi Green Energy Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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3.26

1.98

3.36

4.13

3.00

LONGi Green Energy Technology 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															3.70	3.98	3.77	3.00	2.20

Competitive Comparison of LONGi Green Energy Technology Co's Cash-to-Debt

For the Semiconductor Equipment & Materials subindustry, LONGi Green Energy 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.

LONGi Green Energy Technology Co's Cash-to-Debt Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, LONGi Green Energy Technology Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where LONGi Green Energy Technology Co's Cash-to-Debt falls into.

LONGi Green Energy 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.

LONGi Green Energy 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)
	=	57032.04	/	(1502.096	+	17534.388)
	=	3.00

LONGi Green Energy Technology 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)
	=	57345.768	/	(1646.581	+	24483.144)
	=	2.19

LONGi Green Energy Technology Co (SHSE:601012) 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.

LONGi Green Energy Technology Co Cash-to-Debt Related Terms

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LONGi Green Energy Technology Co (SHSE:601012) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » LONGi Green Energy Technology Co Ltd (SHSE:601012) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

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Address

Innovation Incubation Center Block B, Shangji Road 8989 Xi'an Service Outsourcing Industrial Park, Xi'an Economic and Technological Development Zone, Xian, CHN, 710018

Website

http://www.longigroup.com

LONGi Green Energy Technology is the largest integrated solar company in the world. It produced 85.9 gigawatts of solar silicon wafers and 48.2 GW of solar modules in 2022, both the most globally. Solar silicon wafer and solar module contributed 30% and 66% of revenue in 2022, respectively. LONGi's production bases are mostly in China. LONGi's products are sold in more than 150 countries and regions.

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