Kaishan Group Co (SZSE:300257) Cash-to-Debt : 0.13 (As of Mar. 2024)

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What is Kaishan 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. Kaishan Group Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.13.

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

SZSE:300257' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.12 Med: 0.37 Max: No Debt
Current: 0.13

During the past 13 years, Kaishan Group Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.12. And the median was 0.37.

SZSE:300257's Cash-to-Debt is ranked worse than
89.62% of 2996 companies
in the Industrial Products industry
Industry Median: 1.23 vs SZSE:300257: 0.13

Kaishan Group Co Cash-to-Debt Historical Data

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

Kaishan Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.21

0.46

0.24

0.14

0.12

Kaishan 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															0.16	0.12	0.12	0.12	0.13

Competitive Comparison of Kaishan Group Co's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Kaishan 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.

Kaishan Group Co's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Kaishan Group Co's Cash-to-Debt distribution charts can be found below:

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

Kaishan 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.

Kaishan 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)
	=	629.057	/	(3715.774	+	1674.035)
	=	0.12

Kaishan 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)
	=	722.467	/	(4085.085	+	1601.043)
	=	0.13

Kaishan Group Co (SZSE:300257) 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.

Kaishan Group Co Cash-to-Debt Related Terms

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Kaishan Group Co (SZSE:300257) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Kaishan Group Co Ltd (SZSE:300257) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 9 Kaixuan Street, West Economic Zone, Quzhou, CHN, 324000

Website

http://www.kaishan.com.cn

Kaishan Group Co Ltd is a China-based company that engages in the research, design, development, manufacture, and sale of air compressors. Its products include rock drilling units, screw air compressors, screw and piston air compressors that provide airpower to industrial enterprises; pressure vessels; casting; and related accessories. It exports its product to Australia, Germany, Japan, South Korea, Russia, others.

Executives

Wang Qiu Chao	Independent director
Fang Yan Ming	Supervisors
Cao Ke Jian	Director
Jiang Shan Shan	Securities Affairs Representative
Hu Yi Zhong	Executives
Yang Jian Jun	Directors, executives
	Directors, executives
Tang Yan	Executives, directors
Mao Yong Biao	Director
Jiang Xiao Hua	Director

Kaishan Group Co (SZSE:300257) Headlines

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