Haohua Chemical Science & Technology (SHSE:600378) Cash-to-Debt : 0.76 (As of Mar. 2024)

View and export this data going back to 2001. Start your Free Trial

What is Haohua Chemical Science & Technology 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. Haohua Chemical Science & Technology's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.76.

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, Haohua Chemical Science & Technology 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 Haohua Chemical Science & Technology's Cash-to-Debt or its related term are showing as below:

SHSE:600378' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.76 Med: 3.95 Max: No Debt
Current: 0.76

During the past 13 years, Haohua Chemical Science & Technology's highest Cash to Debt Ratio was No Debt. The lowest was 0.76. And the median was 3.95.

SHSE:600378's Cash-to-Debt is ranked better than
51.32% of 1551 companies
in the Chemicals industry
Industry Median: 0.72 vs SHSE:600378: 0.76

Haohua Chemical Science & Technology Cash-to-Debt Historical Data

The historical data trend for Haohua Chemical Science & Technology'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.

* Premium members only.

Haohua Chemical Science & Technology Cash-to-Debt Chart

Haohua Chemical Science & Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

6.19

3.86

2.35

1.23

1.03

Haohua Chemical Science & Technology 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															1.12	1.20	0.97	1.03	0.76

Competitive Comparison of Haohua Chemical Science & Technology's Cash-to-Debt

For the Chemicals subindustry, Haohua Chemical Science & Technology'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.

Haohua Chemical Science & Technology's Cash-to-Debt Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Haohua Chemical Science & Technology's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Haohua Chemical Science & Technology's Cash-to-Debt falls into.

Haohua Chemical Science & Technology 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.

Haohua Chemical Science & Technology'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)
	=	2695.52	/	(579.688	+	2045.123)
	=	1.03

Haohua Chemical Science & Technology'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)
	=	2127.623	/	(681.649	+	2114.142)
	=	0.76

Haohua Chemical Science & Technology (SHSE:600378) 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.

Haohua Chemical Science & Technology Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Haohua Chemical Science & Technology's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Haohua Chemical Science & Technology (SHSE:600378) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Haohua Chemical Science & Technology Corp Ltd (SHSE:600378) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Wainan Airport Road, P.O. Box 445, Sichuan, Chengdu, CHN, 610225

Website

http://www.tianke.com

Haohua Chemical Science & Technology Corp Ltd, formerly Sichuan Tianyi Science & Technology Co Ltd is a China-based company engaged in the manufacturing of chemicals and related products It specializes in the catalyst, pressure swing adsorption gas separation technology and devices, organic chemical products, valves, and absorbent.

Haohua Chemical Science & Technology (SHSE:600378) Headlines

No Headlines