China Petroleum Engineering Co (SHSE:600339) Cash-to-Debt : 12.38 (As of Dec. 2023)

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What is China Petroleum Engineering 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. China Petroleum Engineering Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 12.38.

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, China Petroleum Engineering Co could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

SHSE:600339' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05 Med: 17.59 Max: 51.28
Current: 12.38

During the past 13 years, China Petroleum Engineering Co's highest Cash to Debt Ratio was 51.28. The lowest was 0.05. And the median was 17.59.

SHSE:600339's Cash-to-Debt is ranked better than
78.07% of 1026 companies
in the Oil & Gas industry
Industry Median: 0.5 vs SHSE:600339: 12.38

China Petroleum Engineering Co Cash-to-Debt Historical Data

The historical data trend for China Petroleum Engineering 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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China Petroleum Engineering Co Cash-to-Debt Chart

China Petroleum Engineering Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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15.11

12.86

30.08

51.28

12.38

China Petroleum Engineering Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															51.28	27.68	28.76	8.09	12.38

Competitive Comparison of China Petroleum Engineering Co's Cash-to-Debt

For the Oil & Gas Equipment & Services subindustry, China Petroleum Engineering 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.

China Petroleum Engineering Co's Cash-to-Debt Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, China Petroleum Engineering Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where China Petroleum Engineering Co's Cash-to-Debt falls into.

China Petroleum Engineering 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.

China Petroleum Engineering 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)
	=	34143.199	/	(254.245	+	2503.158)
	=	12.38

China Petroleum Engineering Co's Cash to Debt Ratio for the quarter 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)
	=	34143.199	/	(254.245	+	2503.158)
	=	12.38

China Petroleum Engineering Co (SHSE:600339) 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 Petroleum Engineering Co Cash-to-Debt Related Terms

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China Petroleum Engineering Co (SHSE:600339) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » China Petroleum Engineering Co Ltd (SHSE:600339) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Courtyard 5, Anding Road, Hengyi Building, Building 2, Chaoyang District, Beijing, CHN, 100029

Website

http://www.600339.cc

China Petroleum Engineering Co Ltd provides surface facilities to petroleum upstream industry. The company's services include planning through front end engineering design to engineering, procurement, construction and project management consultancy for surface facilities, pipelines, buildings, water treatment facilities, highways, and infrastructure. The firm operates projects in China as well as in the overseas markets such as the Middle East, Central Asia, North Africa, America, Australia, and Europe.

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