Shandong Head Group Co (SZSE:002810) Cash-to-Debt : 0.34 (As of Mar. 2024)

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What is Shandong Head 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. Shandong Head Group Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.34.

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, Shandong Head 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 Shandong Head Group Co's Cash-to-Debt or its related term are showing as below:

SZSE:002810' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.16 Med: 0.36 Max: 1.27
Current: 0.34

During the past 13 years, Shandong Head Group Co's highest Cash to Debt Ratio was 1.27. The lowest was 0.16. And the median was 0.36.

SZSE:002810's Cash-to-Debt is ranked worse than
67.27% of 1546 companies
in the Chemicals industry
Industry Median: 0.74 vs SZSE:002810: 0.34

Shandong Head Group Co Cash-to-Debt Historical Data

The historical data trend for Shandong Head 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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Shandong Head Group Co Cash-to-Debt Chart

Shandong Head Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.69

1.27

0.44

0.25

0.30

Shandong Head 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															0.19	0.21	0.19	0.30	0.34

Competitive Comparison of Shandong Head Group Co's Cash-to-Debt

For the Specialty Chemicals subindustry, Shandong Head 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.

Shandong Head Group Co's Cash-to-Debt Distribution in the Chemicals Industry

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

* The bar in red indicates where Shandong Head Group Co's Cash-to-Debt falls into.

Shandong Head 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.

Shandong Head 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)
	=	238.361	/	(202.306	+	588.879)
	=	0.30

Shandong Head 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)
	=	272.966	/	(183.553	+	616.141)
	=	0.34

Shandong Head Group Co (SZSE:002810) 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.

Shandong Head Group Co Cash-to-Debt Related Terms

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Shandong Head Group Co (SZSE:002810) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shandong Head Group Co Ltd (SZSE:002810) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 999 Heda Road, Shandong Province, Zhoucun District, Zibo, CHN, 255300

Website

http://www.sdhead.com

Shandong Head Group Co Ltd is engaged in research and development, production and sales of water-soluble polymer compounds. Its products include cellulose ether series products, graphite chemical equipment, HPMC plant capsules, trimethyl orthoacetate, diacetone acrylamide. The company has two production divisions, the Cellulose Ether Division and the Graphite Equipment Division.

Executives

Bi Song Ling	Directors, Directors, and Executives
Qiu Jian Jun	Executives
Yang Bing Sheng	Executives
Bi Si Xin	Executives
Yang Bing Gang	Director
Tan Zai Ying	Directors, executives
Cui Ling	Executives
Hu Li Li	Securities Affairs Representative
Bi Xin De	Director
Bi Yu Zhuang	Supervisors

Shandong Head Group Co (SZSE:002810) Headlines

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