Jilin Joinature Polymer Co (SHSE:688716) Cash-to-Debt : 1,201.43 (As of Mar. 2024)

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What is Jilin Joinature Polymer 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. Jilin Joinature Polymer Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 1,201.43.

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, Jilin Joinature Polymer 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 Jilin Joinature Polymer Co's Cash-to-Debt or its related term are showing as below:

SHSE:688716' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.53 Med: 3.85 Max: No Debt
Current: 1201.43

During the past 9 years, Jilin Joinature Polymer Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.53. And the median was 3.85.

SHSE:688716's Cash-to-Debt is ranked better than
94.96% of 1547 companies
in the Chemicals industry
Industry Median: 0.74 vs SHSE:688716: 1201.43

Jilin Joinature Polymer Co Cash-to-Debt Historical Data

The historical data trend for Jilin Joinature Polymer 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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Jilin Joinature Polymer Co Cash-to-Debt Chart

Jilin Joinature Polymer Co Annual Data

Trend

Dec13

Dec14

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

1.17

4.58

2.09

1.44

230.08

Jilin Joinature Polymer Co Quarterly Data
	Dec13	Dec14	Dec17	Dec18	Jun19	Dec19	Mar20	Jun20	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															N/A	0.83	10.71	230.08	1,201.43

Competitive Comparison of Jilin Joinature Polymer Co's Cash-to-Debt

For the Chemicals subindustry, Jilin Joinature Polymer 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.

Jilin Joinature Polymer Co's Cash-to-Debt Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Jilin Joinature Polymer Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Jilin Joinature Polymer Co's Cash-to-Debt falls into.

Jilin Joinature Polymer 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.

Jilin Joinature Polymer 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)
	=	733.943	/	(2.719	+	0.471)
	=	230.08

Jilin Joinature Polymer 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)
	=	708.844	/	(0.119	+	0.471)
	=	1,201.43

Jilin Joinature Polymer Co (SHSE:688716) 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.

Jilin Joinature Polymer Co Cash-to-Debt Related Terms

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Jilin Joinature Polymer Co (SHSE:688716) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Jilin Joinature Polymer Co Ltd (SHSE:688716) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

No. 1177, Zhongyan Road, Advanced Manufacturing Park, Luyuan Economic Development Zone, Luyuan, Jilin, Changchun, CHN, 130113

Website

https://www.zypeek.cn

Jilin Joinature Polymer Co Ltd is a high-tech enterprise integrating research & development, production and sales of polyetheretherketone (PEEK). The company's main product is PEEK in the form of resin, forming an existing product system of two categories, three grades, and six series with a total of 52 specifications and grades. The company's main products are divided into two categories: pure resin and composite reinforced resin.

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