Shaanxi Beiyuan Chemical Industry Group Co (SHSE:601568) Cash-to-Debt : 15.74 (As of Mar. 2024)

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What is Shaanxi Beiyuan Chemical Industry 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. Shaanxi Beiyuan Chemical Industry Group Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 15.74.

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, Shaanxi Beiyuan Chemical Industry Group 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 Shaanxi Beiyuan Chemical Industry Group Co's Cash-to-Debt or its related term are showing as below:

SHSE:601568' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.07 Med: 3454.61 Max: 20769.2
Current: 15.74

During the past 8 years, Shaanxi Beiyuan Chemical Industry Group Co's highest Cash to Debt Ratio was 20769.20. The lowest was 0.07. And the median was 3454.61.

SHSE:601568's Cash-to-Debt is ranked better than
85.8% of 1549 companies
in the Chemicals industry
Industry Median: 0.72 vs SHSE:601568: 15.74

Shaanxi Beiyuan Chemical Industry Group Co Cash-to-Debt Historical Data

The historical data trend for Shaanxi Beiyuan Chemical Industry 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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Shaanxi Beiyuan Chemical Industry Group Co Cash-to-Debt Chart

Shaanxi Beiyuan Chemical Industry Group Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.46

14.96

6,412.38

20,078.45

27.14

Shaanxi Beiyuan Chemical Industry 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															No Debt	No Debt	No Debt	27.14	15.74

Competitive Comparison of Shaanxi Beiyuan Chemical Industry Group Co's Cash-to-Debt

For the Chemicals subindustry, Shaanxi Beiyuan Chemical Industry 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.

Shaanxi Beiyuan Chemical Industry Group Co's Cash-to-Debt Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Shaanxi Beiyuan Chemical Industry Group Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Shaanxi Beiyuan Chemical Industry Group Co's Cash-to-Debt falls into.

Shaanxi Beiyuan Chemical Industry 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.

Shaanxi Beiyuan Chemical Industry 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)
	=	4632.451	/	(150.139	+	20.572)
	=	27.14

Shaanxi Beiyuan Chemical Industry 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)
	=	4656.399	/	(274.613	+	21.292)
	=	15.74

Shaanxi Beiyuan Chemical Industry Group Co (SHSE:601568) 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.

Shaanxi Beiyuan Chemical Industry Group Co Cash-to-Debt Related Terms

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Shaanxi Beiyuan Chemical Industry Group Co (SHSE:601568) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shaanxi Beiyuan Chemical Industry Group Co Ltd (SHSE:601568) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Jinjie Industrial Park, Shenmu City, Shaanxi Province, Yulin, CHN, 719319

Website

http://www.sxbychem.com

Shaanxi Beiyuan Chemical Industry Group Co Ltd is engaged in the production and sales of polyvinyl chloride, caustic soda, polyethylene, polysilicon, metallic magnesium and various other products.

Shaanxi Beiyuan Chemical Industry Group Co (SHSE:601568) Headlines

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