China Steel Chemical (TPE:1723) Cash-to-Debt : 0.91 (As of Mar. 2024)

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What is China Steel Chemical 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. China Steel Chemical's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.91.

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, China Steel Chemical 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 China Steel Chemical's Cash-to-Debt or its related term are showing as below:

TPE:1723' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.5 Med: 1.02 Max: 83.5
Current: 0.91

During the past 13 years, China Steel Chemical's highest Cash to Debt Ratio was 83.50. The lowest was 0.50. And the median was 1.02.

TPE:1723's Cash-to-Debt is ranked better than
54.26% of 1550 companies
in the Chemicals industry
Industry Median: 0.72 vs TPE:1723: 0.91

China Steel Chemical Cash-to-Debt Historical Data

The historical data trend for China Steel Chemical'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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China Steel Chemical Cash-to-Debt Chart

China Steel Chemical Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.65

0.58

0.64

1.12

0.91

China Steel Chemical 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															1.25	1.89	0.87	0.91	0.91

Competitive Comparison of China Steel Chemical's Cash-to-Debt

For the Chemicals subindustry, China Steel Chemical'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.

China Steel Chemical's Cash-to-Debt Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, China Steel Chemical's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where China Steel Chemical's Cash-to-Debt falls into.

China Steel Chemical 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.

China Steel Chemical'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)
	=	1832.836	/	(481.467	+	1537.166)
	=	0.91

China Steel Chemical'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)
	=	1222.48	/	(290.004	+	1060.74)
	=	0.91

China Steel Chemical (TPE:1723) 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.

China Steel Chemical Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of China Steel Chemical's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

China Steel Chemical (TPE:1723) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » China Steel Chemical Corp (TPE:1723) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 88, Chengong 2nd Road, 25th Floor, Qianzhen District, Kaohsiung, TWN

Website

https://www.cscc.com.tw

China Steel Chemical Corp is engaged in the production, processing, and sales of coal tar distillation products, Naphtha products, and coke products. Besides, it also trades related upstream and downstream products. The firm operates in three segments. The CSCC/CCSCM segment which derives the majority of revenue engages in the production and marketing of chemical products. EGI/CSCCC segment engages in the trade of chemical products. EWI segment engages in investment holding.

China Steel Chemical (TPE:1723) Headlines

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