Xinte Energy Co (HKSE:01799) Cash-to-Debt : 0.38 (As of Jun. 2023)

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What is Xinte Energy 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. Xinte Energy Co's cash to debt ratio for the quarter that ended in Jun. 2023 was 0.38.

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, Xinte Energy Co couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

The historical rank and industry rank for Xinte Energy Co's Cash-to-Debt or its related term are showing as below:

HKSE:01799' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09 Med: 0.21 Max: 0.49
Current: 0.49

During the past 10 years, Xinte Energy Co's highest Cash to Debt Ratio was 0.49. The lowest was 0.09. And the median was 0.21.

HKSE:01799's Cash-to-Debt is ranked worse than
76.88% of 995 companies
in the Semiconductors industry
Industry Median: 1.8 vs HKSE:01799: 0.49

Xinte Energy Co Cash-to-Debt Historical Data

The historical data trend for Xinte Energy 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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Xinte Energy Co Cash-to-Debt Chart

Xinte Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.17

0.09

0.13

0.22

0.49

Xinte Energy Co Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial														0.13	0.24	0.22	0.38	0.49

Competitive Comparison of Xinte Energy Co's Cash-to-Debt

For the Solar subindustry, Xinte Energy 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.

Xinte Energy Co's Cash-to-Debt Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Xinte Energy Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Xinte Energy Co's Cash-to-Debt falls into.

Xinte Energy 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.

Xinte Energy Co's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	5876.433	/	(7407.188	+	19646.199)
	=	0.22

Xinte Energy Co's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	11792.605	/	(11874.614	+	19040.145)
	=	0.38

Xinte Energy Co (HKSE:01799) 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.

Xinte Energy Co Cash-to-Debt Related Terms

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Xinte Energy Co (HKSE:01799) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Xinte Energy Co Ltd (HKSE:01799) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

9M7:Germany

Address

No. 2249, Zhongxin Street, Ganquanpu Economic and Technological Development Zone, Xinjiang, Urumqi, CHN

Website

https://www.xinteenergy.com

Xinte Energy Co Ltd is engaged in the manufacturing of solar-grade polysilicon and photovoltaic project developers. It operates in four segments: Polysilicon, Construction of wind power & PV power plants, Operation of wind power & PV power plants, and Others. Other segments mainly comprise businesses including manufacturing and sales of the inverter, flexible direct current transmission converter valve, SVG, and other miscellaneous services. Business activity functions in the region of China.

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