Hunan Yuneng New Energy Battery Material Co (SZSE:301358) Cash-to-Debt : 0.26 (As of Mar. 2024)

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What is Hunan Yuneng New Energy Battery 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. Hunan Yuneng New Energy Battery Material Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.26.

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, Hunan Yuneng New Energy Battery Material 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 Hunan Yuneng New Energy Battery Material Co's Cash-to-Debt or its related term are showing as below:

SZSE:301358' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.15 Med: 0.4 Max: 1.31
Current: 0.26

During the past 6 years, Hunan Yuneng New Energy Battery Material Co's highest Cash to Debt Ratio was 1.31. The lowest was 0.15. And the median was 0.40.

SZSE:301358's Cash-to-Debt is ranked worse than
80.35% of 2926 companies
in the Industrial Products industry
Industry Median: 1.23 vs SZSE:301358: 0.26

Hunan Yuneng New Energy Battery Material Co Cash-to-Debt Historical Data

The historical data trend for Hunan Yuneng New Energy Battery 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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Hunan Yuneng New Energy Battery Material Co Cash-to-Debt Chart

Hunan Yuneng New Energy Battery Material Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.27

1.14

0.31

0.17

0.41

Hunan Yuneng New Energy Battery Material Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial											0.59	0.44	0.63	0.41	0.26

Competitive Comparison of Hunan Yuneng New Energy Battery Material Co's Cash-to-Debt

For the Electrical Equipment & Parts subindustry, Hunan Yuneng New Energy Battery 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.

Hunan Yuneng New Energy Battery Material Co's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hunan Yuneng New Energy Battery Material Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Hunan Yuneng New Energy Battery Material Co's Cash-to-Debt falls into.

Hunan Yuneng New Energy Battery 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.

Hunan Yuneng New Energy Battery 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)
	=	1888.901	/	(2011.08	+	2600.779)
	=	0.41

Hunan Yuneng New Energy Battery 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)
	=	1435.655	/	(1898.111	+	3532.853)
	=	0.26

Hunan Yuneng New Energy Battery Material Co (SZSE:301358) 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.

Hunan Yuneng New Energy Battery Material Co Cash-to-Debt Related Terms

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Hunan Yuneng New Energy Battery Material Co (SZSE:301358) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hunan Yuneng New Energy Battery Material Co Ltd (SZSE:301358) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

No. 18 Rili Road, Heling Town, Yuhu District, Hunan Province, Xiangtan, CHN, 411202

Website

http://www.hunanyuneng.com

Hunan Yuneng New Energy Battery Material Co Ltd is engaged in the research and development, production and sales of cathode materials for lithium-ion batteries. The company's main products include lithium- ion batteries cathode materials such as lithium iron phosphate and ternary materials, which is mainly used in the manufacture of lithium-ion batteries such as power batteries and energy storage batteries, and is ultimately energy used in new vehicles, Energy storage and other fields.

Hunan Yuneng New Energy Battery Material Co (SZSE:301358) Headlines

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