Jiangxi Geto New Materials (SZSE:300986) Cash-to-Debt

: 0.37 (As of Sep. 2023)

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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. Jiangxi Geto New Materials's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.37.

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, Jiangxi Geto New Materials 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 Jiangxi Geto New Materials's Cash-to-Debt or its related term are showing as below:

SZSE:300986' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.17 Med: 0.36 Max: 0.7
Current: 0.37

During the past 7 years, Jiangxi Geto New Materials's highest Cash to Debt Ratio was 0.70. The lowest was 0.17. And the median was 0.36.

SZSE:300986's Cash-to-Debt is ranked worse than
64.32% of 1662 companies
in the Construction industry
Industry Median: 0.635 vs SZSE:300986: 0.37

Jiangxi Geto New Materials Cash-to-Debt Historical Data

The historical data trend for Jiangxi Geto New Materials'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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Jiangxi Geto New Materials Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

0.19

0.17

0.37

0.36

0.19

Jiangxi Geto New Materials Quarterly Data
	Dec17	Dec18	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt																0.26	0.19	0.24	0.46	0.37

Competitive Comparison

For the Building Products & Equipment subindustry, Jiangxi Geto New Materials'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.

Jiangxi Geto New Materials Cash-to-Debt Distribution

For the Construction industry and Industrials sector, Jiangxi Geto New Materials's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Jiangxi Geto New Materials's Cash-to-Debt falls into.

Jiangxi Geto New Materials 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.

Jiangxi Geto New Materials'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)
	=	235.786	/	(765.067	+	464.469)
	=	0.19

Jiangxi Geto New Materials'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)
	=	697.095	/	(886.446	+	981.124)
	=	0.37

Jiangxi Geto New Materials (SZSE:300986) 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.

Jiangxi Geto New Materials Cash-to-Debt Related Terms

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Jiangxi Geto New Materials (SZSE:300986) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Jiangxi Geto New Materials Corp Ltd (SZSE:300986) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Guangchang Industrial Park, Guangchang County, Jiangxi Province, Fuzhou, CHN, 344900

Website

http://www.geto.com.cn

Jiangxi Geto New Materials Corp Ltd is engaged in the research and development, design, production, sales, lease and corresponding technical guidance of the architectural aluminum mold system. It focuses on aluminum molds, climbing frames, public buildings, and prefabricated building systems.

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