Anhui Chaoyue Environmental Protection Technology Co (SZSE:301049) Cash-to-Debt : 0.14 (As of Mar. 2024)

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What is Anhui Chaoyue Environmental Protection Technology 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. Anhui Chaoyue Environmental Protection Technology Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.14.

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, Anhui Chaoyue Environmental Protection Technology 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 Anhui Chaoyue Environmental Protection Technology Co's Cash-to-Debt or its related term are showing as below:

SZSE:301049' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.14 Med: 1.45 Max: 7.16
Current: 0.14

During the past 7 years, Anhui Chaoyue Environmental Protection Technology Co's highest Cash to Debt Ratio was 7.16. The lowest was 0.14. And the median was 1.45.

SZSE:301049's Cash-to-Debt is ranked worse than
74.9% of 243 companies
in the Waste Management industry
Industry Median: 0.35 vs SZSE:301049: 0.14

Anhui Chaoyue Environmental Protection Technology Co Cash-to-Debt Historical Data

The historical data trend for Anhui Chaoyue Environmental Protection Technology 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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Anhui Chaoyue Environmental Protection Technology Co Cash-to-Debt Chart

Anhui Chaoyue Environmental Protection Technology Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.76

1.45

7.16

2.29

0.36

Anhui Chaoyue Environmental Protection Technology Co Quarterly Data
	Dec17	Dec18	Sep19	Dec19	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															1.34	0.65	0.41	0.36	0.14

Competitive Comparison of Anhui Chaoyue Environmental Protection Technology Co's Cash-to-Debt

For the Waste Management subindustry, Anhui Chaoyue Environmental Protection Technology 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.

Anhui Chaoyue Environmental Protection Technology Co's Cash-to-Debt Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Anhui Chaoyue Environmental Protection Technology Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Anhui Chaoyue Environmental Protection Technology Co's Cash-to-Debt falls into.

Anhui Chaoyue Environmental Protection Technology 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.

Anhui Chaoyue Environmental Protection Technology 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)
	=	67.74	/	(93.453	+	92.474)
	=	0.36

Anhui Chaoyue Environmental Protection Technology 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)
	=	27.314	/	(92.983	+	102.362)
	=	0.14

Anhui Chaoyue Environmental Protection Technology Co (SZSE:301049) 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.

Anhui Chaoyue Environmental Protection Technology Co Cash-to-Debt Related Terms

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Anhui Chaoyue Environmental Protection Technology Co (SZSE:301049) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Anhui Chaoyue Environmental Protection Technology Co (SZSE:301049) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Youfang Village, Shahe Town, Nanqiao District, Anhui Province, Chuzhou, CHN, 239060

Website

http://www.ah-cy.cn

Anhui Chaoyue Environmental Technology Co Ltd is a environmental protection enterprise specializing in the professional disposal of industrial hazardous waste, medical waste, dismantling of waste electrical and electronic products, comprehensive utilization of resources, and research and development of energy-saving and environmental protection technologies.

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