Hunan Heshun Petroleum Co (SHSE:603353) Cash-to-Debt : 1.06 (As of Mar. 2024)

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What is Hunan Heshun Petroleum 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. Hunan Heshun Petroleum Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.06.

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, Hunan Heshun Petroleum Co could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

SHSE:603353' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.33 Med: 1.74 Max: No Debt
Current: 1.06

During the past 10 years, Hunan Heshun Petroleum Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.33. And the median was 1.74.

SHSE:603353's Cash-to-Debt is ranked better than
66.82% of 1106 companies
in the Retail - Cyclical industry
Industry Median: 0.46 vs SHSE:603353: 1.06

Hunan Heshun Petroleum Co Cash-to-Debt Historical Data

The historical data trend for Hunan Heshun Petroleum 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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Hunan Heshun Petroleum Co Cash-to-Debt Chart

Hunan Heshun Petroleum Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.58

9.62

2.01

1.84

1.45

Hunan Heshun Petroleum 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															1.75	1.74	1.70	1.45	1.06

Competitive Comparison of Hunan Heshun Petroleum Co's Cash-to-Debt

For the Specialty Retail subindustry, Hunan Heshun Petroleum 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.

Hunan Heshun Petroleum Co's Cash-to-Debt Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Hunan Heshun Petroleum Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Hunan Heshun Petroleum Co's Cash-to-Debt falls into.

Hunan Heshun Petroleum 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.

Hunan Heshun Petroleum 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)
	=	413.896	/	(42.808	+	242.835)
	=	1.45

Hunan Heshun Petroleum 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)
	=	284.149	/	(24.23	+	243.482)
	=	1.06

Hunan Heshun Petroleum Co (SHSE:603353) 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.

Hunan Heshun Petroleum Co Cash-to-Debt Related Terms

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Hunan Heshun Petroleum Co (SHSE:603353) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Hunan Heshun Petroleum Co Ltd (SHSE:603353) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Wanjiali Middle Road, Heshun Building, No. 58 Section 2, Yuhua District, Hunan Province, Changsha, CHN, 410016

Website

http://www.hnhsjt.com

Hunan Heshun Petroleum Co Ltd is engaged in the wholesale and retail of gasoline and diesel, gas station and convenience store operations, refined oil storage, refined oil logistics distribution, and investment and construction of gas stations and oil depots.

Executives

Long Xiao Zhen	Director
Yu Mei Ling	senior management
Ceng Yue	senior management
Wu Li Yu	Director
Zhao Xiong	Director

Hunan Heshun Petroleum Co (SHSE:603353) Headlines

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