Qinghailt Lake Industry Co (SZSE:000792) Cash-to-Debt : 4.51 (As of Dec. 2023)

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What is Qinghailt Lake Industry 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. Qinghailt Lake Industry Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 4.51.

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, Qinghailt Lake Industry 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 Qinghailt Lake Industry Co's Cash-to-Debt or its related term are showing as below:

SZSE:000792' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.19 Max: 4.51
Current: 4.51

During the past 13 years, Qinghailt Lake Industry Co's highest Cash to Debt Ratio was 4.51. The lowest was 0.04. And the median was 0.19.

SZSE:000792's Cash-to-Debt is ranked better than
76.64% of 244 companies
in the Agriculture industry
Industry Median: 0.78 vs SZSE:000792: 4.51

Qinghailt Lake Industry Co Cash-to-Debt Historical Data

The historical data trend for Qinghailt Lake Industry 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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Qinghailt Lake Industry Co Cash-to-Debt Chart

Qinghailt Lake Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.04

0.24

0.77

2.72

4.51

Qinghailt Lake Industry 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															2.72	2.82	3.53	3.58	4.51

Competitive Comparison of Qinghailt Lake Industry Co's Cash-to-Debt

For the Agricultural Inputs subindustry, Qinghailt Lake Industry 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.

Qinghailt Lake Industry Co's Cash-to-Debt Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Qinghailt Lake Industry Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Qinghailt Lake Industry Co's Cash-to-Debt falls into.

Qinghailt Lake Industry 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.

Qinghailt Lake Industry 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)
	=	21379.715	/	(4518.827	+	224.234)
	=	4.51

Qinghailt Lake Industry 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)
	=	21379.715	/	(4518.827	+	224.234)
	=	4.51

Qinghailt Lake Industry Co (SZSE:000792) 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.

Qinghailt Lake Industry Co Cash-to-Debt Related Terms

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Qinghailt Lake Industry Co (SZSE:000792) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Qinghai Salt Lake Industry Co Ltd (SZSE:000792) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Qinghai Yellow River Road on the 28th, Golmud, CHN, 816000

Website

http://www.qhyhgf.com

Qinghai Salt Lake Industry Co Ltd operates in the dry inland Qarhan Salt Lake in Qinghai province. It is engaged in salt lake resource extraction and potash production. The company is engaged in the manufacture of chemical raw materials and chemical products. The company is located in Golmud City, Qinghai Province and is the largest potash fertilizer industrial production base in China.

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