Ningbo Boway Alloy Material Co (SHSE:601137) Cash-to-Debt : 0.57 (As of Dec. 2023)

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What is Ningbo Boway Alloy 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. Ningbo Boway Alloy Material Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.57.

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, Ningbo Boway Alloy Material Co couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Ningbo Boway Alloy Material Co's Cash-to-Debt or its related term are showing as below:

SHSE:601137' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.34 Med: 0.4 Max: 0.66
Current: 0.57

During the past 13 years, Ningbo Boway Alloy Material Co's highest Cash to Debt Ratio was 0.66. The lowest was 0.34. And the median was 0.40.

SHSE:601137's Cash-to-Debt is ranked worse than
74.39% of 2636 companies
in the Metals & Mining industry
Industry Median: 17.81 vs SHSE:601137: 0.57

Ningbo Boway Alloy Material Co Cash-to-Debt Historical Data

The historical data trend for Ningbo Boway Alloy 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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Ningbo Boway Alloy Material Co Cash-to-Debt Chart

Ningbo Boway Alloy Material Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.39

0.35

0.34

0.35

0.57

Ningbo Boway Alloy Material 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															0.35	0.33	0.38	0.35	0.57

Competitive Comparison of Ningbo Boway Alloy Material Co's Cash-to-Debt

For the Copper subindustry, Ningbo Boway Alloy 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.

Ningbo Boway Alloy Material Co's Cash-to-Debt Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Ningbo Boway Alloy Material Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Ningbo Boway Alloy Material Co's Cash-to-Debt falls into.

Ningbo Boway Alloy 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.

Ningbo Boway Alloy 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)
	=	3135.014	/	(3007.613	+	2523.045)
	=	0.57

Ningbo Boway Alloy Material 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)
	=	3135.014	/	(3007.613	+	2523.045)
	=	0.57

Ningbo Boway Alloy Material Co (SHSE:601137) 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.

Ningbo Boway Alloy Material Co Cash-to-Debt Related Terms

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Ningbo Boway Alloy Material Co (SHSE:601137) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ningbo Boway Alloy Material Co Ltd (SHSE:601137) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Number 288 Honggang Road, Yinzhou Economic Development Zone,Yinzhou District, Zhejiang Province, Ningbo, CHN, 314145

Website

http://www.pwalloy.com

Ningbo Boway Alloy Material Co Ltd is engaged in researching, developing, producing and selling non-ferrous alloy materials in China and internationally. It offers environmental, high conductivity, special, bronze, nickel-silver, and brass alloy materials, as well as copper alloys; and high precision copper alloy strips. The company also offers copper-titanium-zirconium- zinc alloy materials; and energy products, such as monocrystalline black components, polycrystalline, and solar modules.

Ningbo Boway Alloy Material Co (SHSE:601137) Headlines

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