China Shipbuilding Industry (SHSE:601989) Cash-to-Debt : 2.83 (As of Sep. 2023)

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What is China Shipbuilding Industry 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. China Shipbuilding Industry's cash to debt ratio for the quarter that ended in Sep. 2023 was 2.83.

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, China Shipbuilding Industry could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

The historical rank and industry rank for China Shipbuilding Industry's Cash-to-Debt or its related term are showing as below:

SHSE:601989' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.92 Med: 1.73 Max: 4.64
Current: 2.83

During the past 13 years, China Shipbuilding Industry's highest Cash to Debt Ratio was 4.64. The lowest was 0.92. And the median was 1.73.

SHSE:601989's Cash-to-Debt is ranked better than
71.84% of 309 companies
in the Aerospace & Defense industry
Industry Median: 0.76 vs SHSE:601989: 2.83

China Shipbuilding Industry Cash-to-Debt Historical Data

The historical data trend for China Shipbuilding Industry'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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China Shipbuilding Industry Cash-to-Debt Chart

China Shipbuilding Industry Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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1.65

2.29

4.64

3.41

2.68

China Shipbuilding Industry Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															2.50	2.68	2.63	2.46	2.83

Competitive Comparison of China Shipbuilding Industry's Cash-to-Debt

For the Aerospace & Defense subindustry, China Shipbuilding Industry'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.

China Shipbuilding Industry's Cash-to-Debt Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, China Shipbuilding Industry's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where China Shipbuilding Industry's Cash-to-Debt falls into.

China Shipbuilding Industry 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.

China Shipbuilding Industry's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	74922.465	/	(10463.092	+	17483.445)
	=	2.68

China Shipbuilding Industry's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	75477.182	/	(7608.378	+	19041.362)
	=	2.83

China Shipbuilding Industry (SHSE:601989) 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.

China Shipbuilding Industry Cash-to-Debt Related Terms

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China Shipbuilding Industry (SHSE:601989) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » China Shipbuilding Industry Corp (SHSE:601989) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 72, Hunan Road, Kunming, Haidian District, Beijing, CHN, 100097

Website

http://www.csicl.com.cn

China Shipbuilding Industry Corp is engaged in the designing, manufacturing and repairing of ships. The company also manufactures marine defense and marine development equipment, marine transportation equipment, deep-sea equipment and ship repair and modification, ship supporting and electromechanical equipment, military-civilian integration strategy emerging industries. The main developer and supplier of domestic naval equipment is responsible for the manufacturing of naval main battle equipment and core ancillary equipment such as aircraft carriers, surface ships, conventional submarines, and underwater weapons.

China Shipbuilding Industry (SHSE:601989) Headlines

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