BGRIMM Technology Co (SHSE:600980) Cash-to-Debt : 63.50 (As of Mar. 2024)

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What is BGRIMM Technology 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. BGRIMM Technology Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 63.50.

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, BGRIMM Technology 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 BGRIMM Technology Co's Cash-to-Debt or its related term are showing as below:

SHSE:600980' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.16 Med: 61.85 Max: No Debt
Current: 63.5

During the past 13 years, BGRIMM Technology Co's highest Cash to Debt Ratio was No Debt. The lowest was 2.16. And the median was 61.85.

SHSE:600980's Cash-to-Debt is ranked better than
57.81% of 2643 companies
in the Metals & Mining industry
Industry Median: 18.42 vs SHSE:600980: 63.50

BGRIMM Technology Co Cash-to-Debt Historical Data

The historical data trend for BGRIMM Technology 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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BGRIMM Technology Co Cash-to-Debt Chart

BGRIMM Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

11.96

29.66

38.43

60.20

BGRIMM Technology 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															30.93	31.93	31.09	60.20	63.50

Competitive Comparison of BGRIMM Technology Co's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, BGRIMM Technology 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.

BGRIMM Technology Co's Cash-to-Debt Distribution in the Metals & Mining Industry

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

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

BGRIMM Technology 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.

BGRIMM Technology 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)
	=	416.222	/	(3.377	+	3.537)
	=	60.20

BGRIMM Technology 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)
	=	444.324	/	(4.344	+	2.653)
	=	63.50

BGRIMM Technology Co (SHSE:600980) 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.

BGRIMM Technology Co Cash-to-Debt Related Terms

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BGRIMM Technology Co (SHSE:600980) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » BGRIMM Technology Co Ltd (SHSE:600980) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

No. 188, South Fourth Ring Road West, 4th Floor, Building 23, Area 18, Fengtai District, Beijing, CHN, 100160

Website

http://www.magmat.com

BGRIMM Technology Co Ltd, formerly BGRIMM Magnetic Materials & Technology Co Ltd is a China-based company. Its business activities are divided into mining equipment and magnetic materials division. Mining equipment division is engaged in research and development, production, and supporting technical consulting services for mining equipment. Its business scope includes flotation equipment, magnetic separation equipment, ore dressing auxiliary equipment, leaching tanks and other mining and smelting products. Magnetic materials division is engaged in the research and development, production, sales and comprehensive services of magnetic materials and devices. Magnetic material products include sintering permanent magnet ferrite, injection magnetic, and magnetic information recording material.

Executives

Sheng Zhong Yi	Director
Lu Shi Jie	senior management
Ran Hong Xiang	senior management
Liu Yong Zhen	Director
Luo Xiu Jian	Director
Li Bing Shan	Director
Liang Dian Yin	Director
Li Hong Fa	senior management

BGRIMM Technology Co (SHSE:600980) Headlines

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