Guangzhou Newlife New Material Co (SZSE:301323) Cash-to-Debt : 17.96 (As of Mar. 2024)

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What is Guangzhou Newlife New Material 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. Guangzhou Newlife New Material Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 17.96.

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, Guangzhou Newlife New Material 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 Guangzhou Newlife New Material Co's Cash-to-Debt or its related term are showing as below:

SZSE:301323' s Cash-to-Debt Range Over the Past 10 Years
Min: 1 Med: 30.21 Max: No Debt
Current: 17.96

During the past 6 years, Guangzhou Newlife New Material Co's highest Cash to Debt Ratio was No Debt. The lowest was 1.00. And the median was 30.21.

SZSE:301323's Cash-to-Debt is ranked better than
82.94% of 2474 companies
in the Hardware industry
Industry Median: 1.34 vs SZSE:301323: 17.96

Guangzhou Newlife New Material Co Cash-to-Debt Historical Data

The historical data trend for Guangzhou Newlife New Material 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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Guangzhou Newlife New Material Co Cash-to-Debt Chart

Guangzhou Newlife New Material Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

21.56

33.50

55.80

18.96

Guangzhou Newlife New Material Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial										26.92	84.84	92.72	18.96	17.96

Competitive Comparison of Guangzhou Newlife New Material Co's Cash-to-Debt

For the Electronic Components subindustry, Guangzhou Newlife New Material 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.

Guangzhou Newlife New Material Co's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Guangzhou Newlife New Material Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Guangzhou Newlife New Material Co's Cash-to-Debt falls into.

Guangzhou Newlife New Material 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.

Guangzhou Newlife New Material 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)
	=	537.23	/	(5.416	+	22.917)
	=	18.96

Guangzhou Newlife New Material 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)
	=	494.528	/	(4.732	+	22.798)
	=	17.96

Guangzhou Newlife New Material Co (SZSE:301323) 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.

Guangzhou Newlife New Material Co Cash-to-Debt Related Terms

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Guangzhou Newlife New Material Co (SZSE:301323) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Guangzhou Newlife New Material Co Ltd (SZSE:301323) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 4, Canghai 4th Road, Guangzhou Economic and Technological Development Zone, Yonghe Economic Zone, Guangdong, Guangzhou, CHN, 511356

Website

http://www.kingmagnet.com

Guangzhou Newlife New Material Co Ltd is focused on the research and development and production of magnetic materials, electronic ceramic materials and devices. Its products are divided into two major product directions: civil and industrial. Industrial products mainly focus on the research and development and production of mobile phones and micro-motor peripheral products, including varistors, copper (high specific gravity alloys), thermistors (NTC), high-energy radiation protection materials, medical radiation shielding materials, nuclear radiation shielding materials, etc. Civilian products include magnetic glue materials, magnetic products, Jingyisi, magnetic advertising materials, soft magnetic coatings, etc.

Guangzhou Newlife New Material Co (SZSE:301323) Headlines

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