Advanced Technology & Materials Co (SZSE:000969) Cash-to-Debt : 2.42 (As of Sep. 2023)

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What is Advanced Technology & Materials 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. Advanced Technology & Materials Co's cash to debt ratio for the quarter that ended in Sep. 2023 was 2.42.

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, Advanced Technology & Materials 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 Advanced Technology & Materials Co's Cash-to-Debt or its related term are showing as below:

SZSE:000969' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.41 Med: 0.71 Max: 2.42
Current: 2.42

During the past 13 years, Advanced Technology & Materials Co's highest Cash to Debt Ratio was 2.42. The lowest was 0.41. And the median was 0.71.

SZSE:000969's Cash-to-Debt is ranked worse than
62.63% of 2636 companies
in the Metals & Mining industry
Industry Median: 17.92 vs SZSE:000969: 2.42

Advanced Technology & Materials Co Cash-to-Debt Historical Data

The historical data trend for Advanced Technology & Materials 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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Advanced Technology & Materials Co Cash-to-Debt Chart

Advanced Technology & Materials Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

Get a 7-Day Free Trial

0.72

0.81

1.38

1.99

2.31

Advanced Technology & Materials 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															1.80	2.31	2.02	2.15	2.42

Competitive Comparison of Advanced Technology & Materials Co's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Advanced Technology & Materials 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.

Advanced Technology & Materials Co's Cash-to-Debt Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Advanced Technology & Materials Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Advanced Technology & Materials Co's Cash-to-Debt falls into.

Advanced Technology & Materials 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.

Advanced Technology & Materials 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)
	=	2219.955	/	(296.853	+	665.876)
	=	2.31

Advanced Technology & Materials 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)
	=	2033.601	/	(145.129	+	694.479)
	=	2.42

Advanced Technology & Materials Co (SZSE:000969) 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.

Advanced Technology & Materials Co Cash-to-Debt Related Terms

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Advanced Technology & Materials Co (SZSE:000969) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Advanced Technology & Materials Co Ltd (SZSE:000969) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

No. 76 Xueyuan South Road, Haidian District, Beijing, Beijing, CHN, 100081

Website

http://www.atmcn.com

Advanced Technology & Materials Co Ltd is a Chinese high-tech company that focuses on the research and development and manufacture of new metallic materials and products. Its products include amorphous and nano-crystalline materials and products; refractory materials and products; powder materials and products; magnetic materials and products; welding materials and products; filtration materials and environmental protection engineering products; and high-speed steel and diamond tools. These products are used in various fields which include aerospace, energy, transportation, consumer electronics, construction and building materials, petrochemical, saving and environmental protection industries. Geographically the activities are carried out through China.

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