Tianjin Capital Environmental Protection Group Co (SHSE:600874) Cash-to-Debt : 0.23 (As of Mar. 2024)

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What is Tianjin Capital Environmental Protection Group 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. Tianjin Capital Environmental Protection Group Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.23.

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, Tianjin Capital Environmental Protection Group 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 Tianjin Capital Environmental Protection Group Co's Cash-to-Debt or its related term are showing as below:

SHSE:600874' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.23 Med: 0.35 Max: 0.72
Current: 0.23

During the past 13 years, Tianjin Capital Environmental Protection Group Co's highest Cash to Debt Ratio was 0.72. The lowest was 0.23. And the median was 0.35.

SHSE:600874's Cash-to-Debt is ranked worse than
60.91% of 243 companies
in the Waste Management industry
Industry Median: 0.35 vs SHSE:600874: 0.23

Tianjin Capital Environmental Protection Group Co Cash-to-Debt Historical Data

The historical data trend for Tianjin Capital Environmental Protection Group 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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Tianjin Capital Environmental Protection Group Co Cash-to-Debt Chart

Tianjin Capital Environmental Protection Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.36

0.24

0.25

0.35

0.26

Tianjin Capital Environmental Protection Group 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															0.32	0.31	0.31	0.26	0.23

Competitive Comparison of Tianjin Capital Environmental Protection Group Co's Cash-to-Debt

For the Waste Management subindustry, Tianjin Capital Environmental Protection Group 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.

Tianjin Capital Environmental Protection Group Co's Cash-to-Debt Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Tianjin Capital Environmental Protection Group Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Tianjin Capital Environmental Protection Group Co's Cash-to-Debt falls into.

Tianjin Capital Environmental Protection Group 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.

Tianjin Capital Environmental Protection Group 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)
	=	2612.622	/	(2012.918	+	7890.434)
	=	0.26

Tianjin Capital Environmental Protection Group 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)
	=	2302.793	/	(1511.698	+	8492.245)
	=	0.23

Tianjin Capital Environmental Protection Group Co (SHSE:600874) 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.

Tianjin Capital Environmental Protection Group Co Cash-to-Debt Related Terms

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Tianjin Capital Environmental Protection Group Co (SHSE:600874) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Tianjin Capital Environmental Protection Group Co Ltd (SHSE:600874) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

01065:Hong Kong TIA:Germany

Address

No. 76, Weijin South Road, 12th Floor, TCEP Building, Nankai District, Tianjin, CHN, 300381

Website

https://www.tjcep.com

Tianjin Capital Environmental Protection Group Co Ltd is a Chinese company mainly engaged in water utility business, new energy cooling and heating supply business. It provides sewage water treatment, construction and management of the related facility, the supply of tap water, recycled water. The company also provides a heating and cooling supply service which includes design, construction, operations, and transfer of centralized heating and cooling infrastructures, and provision of heating and cooling services. The company manages is business mainly in five segments; Sewage processing and facility, recycled water and pipeline connection, heating and cooling services, tap water operations and sale of environmental protection equipment. The company earns majority of its revenue from China.

Tianjin Capital Environmental Protection Group Co (SHSE:600874) Headlines

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