Pan Asia Environmental Protection Group (HKSE:00556) Cash-to-Debt : 36.52 (As of Dec. 2023)

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What is Pan Asia Environmental Protection Group 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. Pan Asia Environmental Protection Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 36.52.

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, Pan Asia Environmental Protection Group could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Pan Asia Environmental Protection Group's Cash-to-Debt or its related term are showing as below:

HKSE:00556' s Cash-to-Debt Range Over the Past 10 Years
Min: 18.01 Med: 26.34 Max: No Debt
Current: 36.52

During the past 13 years, Pan Asia Environmental Protection Group's highest Cash to Debt Ratio was No Debt. The lowest was 18.01. And the median was 26.34.

HKSE:00556's Cash-to-Debt is ranked better than
85.71% of 3002 companies
in the Industrial Products industry
Industry Median: 1.185 vs HKSE:00556: 36.52

Pan Asia Environmental Protection Group Cash-to-Debt Historical Data

The historical data trend for Pan Asia Environmental Protection Group'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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Pan Asia Environmental Protection Group Cash-to-Debt Chart

Pan Asia Environmental Protection Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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23.98

25.73

26.94

25.11

36.52

Pan Asia Environmental Protection Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															26.94	24.73	25.11	23.19	36.52

Competitive Comparison of Pan Asia Environmental Protection Group's Cash-to-Debt

For the Pollution & Treatment Controls subindustry, Pan Asia Environmental Protection Group'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.

Pan Asia Environmental Protection Group's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Pan Asia Environmental Protection Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Pan Asia Environmental Protection Group's Cash-to-Debt falls into.

Pan Asia Environmental Protection Group 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.

Pan Asia Environmental Protection Group'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)
	=	1351.709	/	(13.398	+	23.62)
	=	36.51

Pan Asia Environmental Protection Group's Cash to Debt Ratio for the quarter 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)
	=	1351.709	/	(13.398	+	23.62)
	=	36.51

Pan Asia Environmental Protection Group (HKSE:00556) 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.

Pan Asia Environmental Protection Group Cash-to-Debt Related Terms

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Pan Asia Environmental Protection Group (HKSE:00556) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Pan Asia Environmental Protection Group Ltd (HKSE:00556) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Xinjie Street, Baihe Industrial Park, Jiangsu Province, Yixing City, CHN, 214204

Website

http://www.paep.com.cn

Pan Asia Environmental Protection Group Ltd and its subsidiaries are engaged in the sale of environmental protection products and equipment, undertaking EP construction engineering services. The operating business segments are the EP products and equipment segment which derives the majority of revenue involves the sales of EP products and equipment to external customers and the EP construction engineering services segment.

Pan Asia Environmental Protection Group (HKSE:00556) Headlines

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