Lier Chemical Co (SZSE:002258) Cash-to-Debt : 0.39 (As of Mar. 2024)

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What is Lier Chemical 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. Lier Chemical Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.39.

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

SZSE:002258' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.07 Med: 0.48 Max: 1.21
Current: 0.39

During the past 13 years, Lier Chemical Co's highest Cash to Debt Ratio was 1.21. The lowest was 0.07. And the median was 0.48.

SZSE:002258's Cash-to-Debt is ranked worse than
59.75% of 241 companies
in the Agriculture industry
Industry Median: 0.66 vs SZSE:002258: 0.39

Lier Chemical Co Cash-to-Debt Historical Data

The historical data trend for Lier Chemical 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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Lier Chemical Co Cash-to-Debt Chart

Lier Chemical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.44

0.63

0.68

1.20

0.55

Lier Chemical 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															0.83	0.51	0.43	0.55	0.39

Competitive Comparison of Lier Chemical Co's Cash-to-Debt

For the Agricultural Inputs subindustry, Lier Chemical 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.

Lier Chemical Co's Cash-to-Debt Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Lier Chemical Co's Cash-to-Debt distribution charts can be found below:

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

Lier Chemical 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.

Lier Chemical 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)
	=	1464.76	/	(655.197	+	2009.67)
	=	0.55

Lier Chemical 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)
	=	1157.892	/	(1061.514	+	1884.617)
	=	0.39

Lier Chemical Co (SZSE:002258) 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.

Lier Chemical Co Cash-to-Debt Related Terms

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

Lier Chemical Co (SZSE:002258) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Lier Chemical Co Ltd (SZSE:002258) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Economic and Technological Development Zone, Mianyang, Sichuan, CHN, 621000

Website

http://www.lierchem.com

Lier Chemical Co Ltd is engaged in the research and development, production and sales of pesticides like chloropyridines, organophosphates, sulfonylureas, and substituted ureas. The types of products of the company are herbicides, insecticides, and fungicides.

Executives

Liu Hui Hua	Executives
Liu Jun	Directors, executives
Li Jiang	Executives
Cheng Ke	Executives
Jin Jian Li	Director
Lai Hong Gang	Director
Li Yan Fei	Executives
Qiu Feng	Executives
Luo Rong Zhen	Executives
Yin Ying Sui	Director
Tan Fen Fang	Supervisors
Zhou Qian Jun	Executives
Yan Xuan	Executives
Liu Xiao Wei	Executives
Gu Mei Hua	Executives

Lier Chemical Co (SZSE:002258) Headlines

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