Infore Environment Technology Group Co (SZSE:000967) Cash-to-Debt : 1.04 (As of Sep. 2023)

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What is Infore Environment Technology 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. Infore Environment Technology Group Co's cash to debt ratio for the quarter that ended in Sep. 2023 was 1.04.

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, Infore Environment Technology Group Co 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 Infore Environment Technology Group Co's Cash-to-Debt or its related term are showing as below:

SZSE:000967' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.16 Med: 0.74 Max: 1.97
Current: 1.04

During the past 13 years, Infore Environment Technology Group Co's highest Cash to Debt Ratio was 1.97. The lowest was 0.16. And the median was 0.74.

SZSE:000967's Cash-to-Debt is ranked worse than
52.63% of 3000 companies
in the Industrial Products industry
Industry Median: 1.22 vs SZSE:000967: 1.04

Infore Environment Technology Group Co Cash-to-Debt Historical Data

The historical data trend for Infore Environment Technology 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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Infore Environment Technology Group Co Cash-to-Debt Chart

Infore Environment Technology Group Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

Get a 7-Day Free Trial

1.28

1.45

1.59

1.21

1.11

Infore Environment Technology 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															0.85	1.11	1.01	1.08	1.04

Competitive Comparison of Infore Environment Technology Group Co's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Infore Environment Technology 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.

Infore Environment Technology Group Co's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Infore Environment Technology Group Co's Cash-to-Debt distribution charts can be found below:

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

Infore Environment Technology 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.

Infore Environment Technology Group Co'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)
	=	4728.204	/	(1001.122	+	3254.252)
	=	1.11

Infore Environment Technology Group Co'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)
	=	4062.356	/	(573.528	+	3332.916)
	=	1.04

Infore Environment Technology Group Co (SZSE:000967) 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.

Infore Environment Technology Group Co Cash-to-Debt Related Terms

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Infore Environment Technology Group Co (SZSE:000967) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Infore Environment Technology Group Co Ltd (SZSE:000967) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

No. 1818 Renmin West Road, Shangyu District, Zhejiang Province, Shaoxing, CHN, 312300

Website

http://www.sfgk.com.cn

Infore Environment Technology Group Co Ltd is a high-end equipment manufacturing and environmental integrated service provider. It is primarily involved in environmental monitoring equipment research and development, maintenance and operation services, municipal engineering, water conservancy and water engineering design, construction, water technical development of pollution control, water treatment, ecological restoration and many others.

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