Xiamen Tungsten Co (SHSE:600549) Cash-to-Debt : 0.37 (As of Mar. 2024)

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What is Xiamen Tungsten 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. Xiamen Tungsten Co's cash to debt ratio for the quarter that ended in Mar. 2024 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, Xiamen Tungsten Co couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

SHSE:600549' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09 Med: 0.19 Max: 0.37
Current: 0.37

During the past 13 years, Xiamen Tungsten Co's highest Cash to Debt Ratio was 0.37. The lowest was 0.09. And the median was 0.19.

SHSE:600549's Cash-to-Debt is ranked worse than
77.71% of 2652 companies
in the Metals & Mining industry
Industry Median: 17.605 vs SHSE:600549: 0.37

Xiamen Tungsten Co Cash-to-Debt Historical Data

The historical data trend for Xiamen Tungsten 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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Xiamen Tungsten Co Cash-to-Debt Chart

Xiamen Tungsten Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.19

0.13

0.18

0.20

0.28

Xiamen Tungsten Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.37	0.27	0.26	0.28	0.37

Competitive Comparison of Xiamen Tungsten Co's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Xiamen Tungsten 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.

Xiamen Tungsten Co's Cash-to-Debt Distribution in the Metals & Mining Industry

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

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

Xiamen Tungsten 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.

Xiamen Tungsten Co's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	3355.25	/	(3338.726	+	8758.357)
	=	0.28

Xiamen Tungsten Co's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
	=	4812.811	/	(5261.186	+	7797.655)
	=	0.37

Xiamen Tungsten Co (SHSE:600549) 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.

Xiamen Tungsten Co Cash-to-Debt Related Terms

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Xiamen Tungsten Co (SHSE:600549) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Xiamen Tungsten Co Ltd (SHSE:600549) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Number 619 Hubin South Road, 16th Floor, Xiamen, Fujian, CHN, 361004

Website

http://www.cxtc.com

Xiamen Tungsten Co Ltd is engaged in smelting, processing, and developing tungsten, molybdenum, and rare earth metals in the People's Republic of China. It offers tungsten concentrates, such as WO3, WOX, RTP, tungsten powders, cast WC, cemented carbide rods, tungsten steel products, tungsten bars and tungsten wires. The company is also engaged in Rare Earth Business, Molybdenum Business, New Energy Materials Business and Real Estate Business.

Executives

Xu Huo Yao	senior management
Wu Gao Chao	Directors, senior managers
Hong Chao E	senior management
Zhong Ke Xiang	senior management
Huang Zhang Geng	Director
Zhong Bing Xian	senior management
Zhou Yu Jun	senior management
Xu Ji Song	Supervisors

Xiamen Tungsten Co (SHSE:600549) Headlines

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