M-Grass Ecology And Environment (Group) Co (SZSE:300355) Cash-to-Debt : 0.19 (As of Mar. 2024)

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What is M-Grass Ecology And Environment (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. M-Grass Ecology And Environment (Group) Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.19.

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, M-Grass Ecology And Environment (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 M-Grass Ecology And Environment (Group) Co's Cash-to-Debt or its related term are showing as below:

SZSE:300355' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.18 Max: 0.97
Current: 0.19

During the past 13 years, M-Grass Ecology And Environment (Group) Co's highest Cash to Debt Ratio was 0.97. The lowest was 0.06. And the median was 0.18.

SZSE:300355's Cash-to-Debt is ranked worse than
76.66% of 1675 companies
in the Construction industry
Industry Median: 0.63 vs SZSE:300355: 0.19

M-Grass Ecology And Environment (Group) Co Cash-to-Debt Historical Data

The historical data trend for M-Grass Ecology And Environment (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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M-Grass Ecology And Environment (Group) Co Cash-to-Debt Chart

M-Grass Ecology And Environment (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.23

0.08

0.13

0.08

0.22

M-Grass Ecology And Environment (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															0.06	0.09	0.17	0.22	0.19

Competitive Comparison of M-Grass Ecology And Environment (Group) Co's Cash-to-Debt

For the Engineering & Construction subindustry, M-Grass Ecology And Environment (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.

M-Grass Ecology And Environment (Group) Co's Cash-to-Debt Distribution in the Construction Industry

For the Construction industry and Industrials sector, M-Grass Ecology And Environment (Group) Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where M-Grass Ecology And Environment (Group) Co's Cash-to-Debt falls into.

M-Grass Ecology And Environment (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.

M-Grass Ecology And Environment (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)
	=	1341.304	/	(3219.512	+	2884.75)
	=	0.22

M-Grass Ecology And Environment (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)
	=	1163.567	/	(3324.213	+	2929.434)
	=	0.19

M-Grass Ecology And Environment (Group) Co (SZSE:300355) 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.

M-Grass Ecology And Environment (Group) Co Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of M-Grass Ecology And Environment (Group) Co's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

M-Grass Ecology And Environment (Group) Co (SZSE:300355) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » M-Grass Ecology And Environment (Group) Co Ltd (SZSE:300355) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

No. 71 West Yindu building B block 3 layer, Inner Mongolia City College of Hohhot, Huhehot, CHN

Website

http://www.mengcao.com

M-Grass Ecology And Environment (Group) Co Ltd, formerly Inner Mongolia M-Grass Ecology and Environment (Group) Co Ltd is an ecological restoration company. It provides services to industry in ecological restoration, water gardens, eco-ranch, pasture seed industry, and modern grass industry. Geographically operates through China.

M-Grass Ecology And Environment (Group) Co (SZSE:300355) Headlines

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