JL Mag Rare-Earth Co (SZSE:300748) Cash-to-Debt : 3.40 (As of Mar. 2024)

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What is JL Mag Rare-Earth 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. JL Mag Rare-Earth Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 3.40.

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, JL Mag Rare-Earth 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 JL Mag Rare-Earth Co's Cash-to-Debt or its related term are showing as below:

SZSE:300748' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.36 Med: 0.89 Max: 4.26
Current: 3.4

During the past 11 years, JL Mag Rare-Earth Co's highest Cash to Debt Ratio was 4.26. The lowest was 0.36. And the median was 0.89.

SZSE:300748's Cash-to-Debt is ranked better than
67.52% of 2996 companies
in the Industrial Products industry
Industry Median: 1.18 vs SZSE:300748: 3.40

JL Mag Rare-Earth Co Cash-to-Debt Historical Data

The historical data trend for JL Mag Rare-Earth 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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JL Mag Rare-Earth Co Cash-to-Debt Chart

JL Mag Rare-Earth Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.88

0.70

0.85

2.93

4.26

JL Mag Rare-Earth 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															2.96	3.63	4.25	4.26	3.40

Competitive Comparison of JL Mag Rare-Earth Co's Cash-to-Debt

For the Metal Fabrication subindustry, JL Mag Rare-Earth 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.

JL Mag Rare-Earth Co's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, JL Mag Rare-Earth Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where JL Mag Rare-Earth Co's Cash-to-Debt falls into.

JL Mag Rare-Earth 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.

JL Mag Rare-Earth 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)
	=	4095.27	/	(408.354	+	553.266)
	=	4.26

JL Mag Rare-Earth 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)
	=	3142.103	/	(203.455	+	722.113)
	=	3.39

JL Mag Rare-Earth Co (SZSE:300748) 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.

JL Mag Rare-Earth Co Cash-to-Debt Related Terms

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

JL Mag Rare-Earth Co (SZSE:300748) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » JL Mag Rare-Earth Co Ltd (SZSE:300748) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

06680:Hong Kong 3KLA:Germany

Address

81 West Jinling Road, Economic and Technological Development Zone, Jiangxi Province, Ganzhou, CHN, 341000

Website

https://www.jlmag.com.cn

JL Mag Rare-Earth, or JL Mag, is a leading global producer of high-performance rare earth permanent magnets, or REPMs. JL Mag focuses on the production and sale of NdFeB PMs, the most widely used type of REPMs, mainly made from an alloy of neodymium (Nd), iron (Fe) and boron (B). The company is ranked first in the world by high-performance REPMs, according to Frost & Sullivan. JL Mag is also ranked first in the global grain boundary diffusion, or GBD, REPMs market. Its products have a wide array of applications, mainly in new energy vehicles, or NEVs, automotive parts, wind turbine generators, energy-saving variable-frequency air-conditioners, or VFACs.

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