Higoshipping Co (BJSE:872351) Cash-to-Debt : 1.63 (As of Mar. 2024)

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What is Higoshipping 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. Higoshipping Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.63.

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

BJSE:872351' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.6 Med: 1.59 Max: No Debt
Current: 1.63

During the past 9 years, Higoshipping Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.60. And the median was 1.59.

BJSE:872351's Cash-to-Debt is ranked better than
75.08% of 963 companies
in the Transportation industry
Industry Median: 0.48 vs BJSE:872351: 1.63

Higoshipping Co Cash-to-Debt Historical Data

The historical data trend for Higoshipping 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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Higoshipping Co Cash-to-Debt Chart

Higoshipping Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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3.38

2.14

1.12

3.85

1.65

Higoshipping Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															5.27	4.19	2.82	1.65	1.63

Competitive Comparison of Higoshipping Co's Cash-to-Debt

For the Marine Shipping subindustry, Higoshipping 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.

Higoshipping Co's Cash-to-Debt Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Higoshipping Co's Cash-to-Debt distribution charts can be found below:

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

Higoshipping 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.

Higoshipping 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)
	=	294.896	/	(172.678	+	6.473)
	=	1.65

Higoshipping 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)
	=	258.073	/	(151.889	+	6.347)
	=	1.63

Higoshipping Co (BJSE:872351) 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.

Higoshipping Co Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Higoshipping Co's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Higoshipping Co (BJSE:872351) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Higoshipping Co Ltd (BJSE:872351) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Furong Middle Road, Room 1910, Xinshikong, No. 398, Section 3, Tianxin District, Hunan Province, Changsha City, CHN, 410007

Website

http://www.higoshipping.com

Higoshipping Co Ltd is a logistics enterprise integrating domestic feeder container liner transportation, international shipping agency, international freight forwarder, and third-party logistics. The company's shipping lines mainly include river-sea container shipping from Changsha Port to Shanghai Outer Port, International freight forwarding, river-ocean combined transport container liner transport, and road transport on the feeder line of the Yangtze River.

Higoshipping Co (BJSE:872351) Headlines

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