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Jiangsufety Group Co (SHSE:603028) Cash-to-Debt : 0.78 (As of Sep. 2023)


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What is Jiangsufety Group 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. Jiangsufety Group Co's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.78.

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, Jiangsufety Group Co couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

The historical rank and industry rank for Jiangsufety Group Co's Cash-to-Debt or its related term are showing as below:

SHSE:603028' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.33   Med: 0.85   Max: 3.15
Current: 0.78

During the past 12 years, Jiangsufety Group Co's highest Cash to Debt Ratio was 3.15. The lowest was 0.33. And the median was 0.85.

SHSE:603028's Cash-to-Debt is ranked better than
65.8% of 617 companies
in the Steel industry
Industry Median: 0.42 vs SHSE:603028: 0.78

Jiangsufety Group Co Cash-to-Debt Historical Data

The historical data trend for Jiangsufety Group 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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Jiangsufety Group Co Cash-to-Debt Chart

Jiangsufety Group Co Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cash-to-Debt
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.90 2.26 0.80 0.54 0.53

Jiangsufety Group Co 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 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 0.43 0.53 0.51 0.51 0.78

Competitive Comparison of Jiangsufety Group Co's Cash-to-Debt

For the Steel subindustry, Jiangsufety Group 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.


Jiangsufety Group Co's Cash-to-Debt Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Jiangsufety Group Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Jiangsufety Group Co's Cash-to-Debt falls into.



Jiangsufety Group 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.

Jiangsufety Group Co's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 is calculated as:

Jiangsufety Group Co's Cash to Debt Ratio for the quarter that ended in Sep. 2023 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.


Jiangsufety Group Co  (SHSE:603028) 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.


Jiangsufety Group Co Cash-to-Debt Related Terms

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Jiangsufety Group Co (SHSE:603028) Business Description

Traded in Other Exchanges
N/A
Address
No. 151, Furong Zhongsan Road, XiShan Economic Development Zone, Jiangsu, Wuxi, CHN, 214192
Jiangsu Safety Wire Rope Co Ltd develops and manufactures elevator ropes for customers with different requirements and needs. Its products include wire rope for elevators, lifting Wire rope, steel wire rope, synthetic fiber sling belt rigging, and accessories. Its products are used in elevators, construction machinery, Hong Kong Port terminal, coal mine, marine engineering, shipbuilding, ocean fishing, logistics, and warehousing.

Jiangsufety Group Co (SHSE:603028) Headlines

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