China Cinda Asset Management Co (FRA:0CI) Cash-to-Debt : 0.14 (As of Dec. 2023)

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What is China Cinda Asset Management 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 Cinda Asset Management Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.14.

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, China Cinda Asset Management 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 China Cinda Asset Management Co's Cash-to-Debt or its related term are showing as below:

FRA:0CI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.12 Med: 0.15 Max: 0.2
Current: 0.14

During the past 12 years, China Cinda Asset Management Co's highest Cash to Debt Ratio was 0.20. The lowest was 0.12. And the median was 0.15.

FRA:0CI's Cash-to-Debt is ranked worse than
80.52% of 1468 companies
in the Asset Management industry
Industry Median: 5.66 vs FRA:0CI: 0.14

China Cinda Asset Management Co Cash-to-Debt Historical Data

The historical data trend for China Cinda Asset Management 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 Cinda Asset Management Co Cash-to-Debt Chart

China Cinda Asset Management Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.12

0.14

0.16

0.17

0.14

China Cinda Asset Management Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.16	0.18	0.17	0.16	0.14

Competitive Comparison of China Cinda Asset Management Co's Cash-to-Debt

For the Asset Management subindustry, China Cinda Asset Management 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 Cinda Asset Management Co's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, China Cinda Asset Management Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where China Cinda Asset Management Co's Cash-to-Debt falls into.

China Cinda Asset Management Co Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents 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 Cinda Asset Management Co's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	15928.503	/	(0	+	110956.071)
	=	0.14

China Cinda Asset Management Co's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	15928.503	/	(0	+	110956.071)
	=	0.14

China Cinda Asset Management Co (FRA:0CI) 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 Cinda Asset Management Co Cash-to-Debt Related Terms

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China Cinda Asset Management Co (FRA:0CI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » China Cinda Asset Management Co Ltd (FRA:0CI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CCGDF:USA 01359:Hong Kong

Address

9 Naoshikou Street, No.1 Building, Xicheng District, Beijing, CHN, 100031

Website

https://www.cinda.com.cn

China Cinda Asset Management Co Ltd is an asset management firm with operations in mainland China and Hong Kong. Its parent company was founded with approval from the State Council, with the intent of instituting reforms of state-owned banks. Its principal business segments include primarily Distressed asset management and, secondarily, Financial services. The company has a wide presence throughout the Chinese provinces and operates a few Tier 1 entities. Most of its income is derived from the distressed asset management business segment that comprise debt asset management conducted with respect to distressed assets, DES Assets management, other distressed asset management, and entrusted operation businesses.

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