Nanjing Hanrui Cobalt Co (SZSE:300618) Cash-to-Debt : 1.11 (As of Mar. 2024)

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What is Nanjing Hanrui Cobalt 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. Nanjing Hanrui Cobalt Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.11.

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, Nanjing Hanrui Cobalt Co could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

SZSE:300618' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.25 Med: 0.99 Max: 2.22
Current: 1.11

During the past 12 years, Nanjing Hanrui Cobalt Co's highest Cash to Debt Ratio was 2.22. The lowest was 0.25. And the median was 0.99.

SZSE:300618's Cash-to-Debt is ranked worse than
67.65% of 2634 companies
in the Metals & Mining industry
Industry Median: 17.92 vs SZSE:300618: 1.11

Nanjing Hanrui Cobalt Co Cash-to-Debt Historical Data

The historical data trend for Nanjing Hanrui Cobalt 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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Nanjing Hanrui Cobalt Co Cash-to-Debt Chart

Nanjing Hanrui Cobalt Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.25

1.95

0.99

1.63

1.53

Nanjing Hanrui Cobalt Co 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															1.61	1.78	1.78	1.53	1.11

Competitive Comparison of Nanjing Hanrui Cobalt Co's Cash-to-Debt

For the Copper subindustry, Nanjing Hanrui Cobalt 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.

Nanjing Hanrui Cobalt Co's Cash-to-Debt Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Nanjing Hanrui Cobalt Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Nanjing Hanrui Cobalt Co's Cash-to-Debt falls into.

Nanjing Hanrui Cobalt 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.

Nanjing Hanrui Cobalt 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)
	=	1739.151	/	(1139.863	+	0)
	=	1.53

Nanjing Hanrui Cobalt Co'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)
	=	1799.449	/	(1299.404	+	327.21)
	=	1.11

Nanjing Hanrui Cobalt Co (SZSE:300618) 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.

Nanjing Hanrui Cobalt Co Cash-to-Debt Related Terms

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Nanjing Hanrui Cobalt Co (SZSE:300618) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nanjing Hanrui Cobalt Co Ltd (SZSE:300618) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

No. 115, Jinghuai Street, Jiangning Economic and Technological Development Zone, Jiangsu Province, Nanjing, CHN, 211100

Website

http://www.hrcobalt.com

Nanjing Hanrui Cobalt Co Ltd is a China-based company engaged in the extraction of cobalt and copper ore. The business activities of the group include development and deep processing of cobalt and copper mineral resources and forming an integrated industrial chain from mineral resources development and smelting the same to produce cobalt intermediate products and cobalt powder which guarantee the stable supply of resources. Geographically the group holds a marketing network in multiple countries and regions including South Korea, Japan, Germany, Switzerland, Israel, India, and the USA.

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