Cinda International Holdings (FRA:HNT) Cash-to-Debt : 1.53 (As of Dec. 2023)

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What is Cinda International Holdings 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. Cinda International Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.53.

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, Cinda International Holdings 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 Cinda International Holdings's Cash-to-Debt or its related term are showing as below:

FRA:HNT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.85 Med: 1.4 Max: 1.72
Current: 1.53

During the past 13 years, Cinda International Holdings's highest Cash to Debt Ratio was 1.72. The lowest was 0.85. And the median was 1.40.

FRA:HNT's Cash-to-Debt is ranked worse than
57.48% of 769 companies
in the Capital Markets industry
Industry Median: 2.27 vs FRA:HNT: 1.53

Cinda International Holdings Cash-to-Debt Historical Data

The historical data trend for Cinda International Holdings'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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Cinda International Holdings Cash-to-Debt Chart

Cinda International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.24

1.37

1.41

1.44

1.53

Cinda International Holdings 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															1.41	1.22	1.44	1.52	1.53

Competitive Comparison of Cinda International Holdings's Cash-to-Debt

For the Capital Markets subindustry, Cinda International Holdings'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.

Cinda International Holdings's Cash-to-Debt Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Cinda International Holdings's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Cinda International Holdings's Cash-to-Debt falls into.

Cinda International Holdings 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.

Cinda International Holdings'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)
	=	92.252	/	(59.081	+	1.207)
	=	1.53

Cinda International Holdings'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)
	=	92.252	/	(59.081	+	1.207)
	=	1.53

Cinda International Holdings (FRA:HNT) 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.

Cinda International Holdings Cash-to-Debt Related Terms

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Cinda International Holdings (FRA:HNT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Cinda International Holdings Ltd (FRA:HNT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

00111:Hong Kong

Address

183 Queen’s Road Central, 45th Floor, COSCO Tower, Hong Kong, HKG

Website

https://www.cinda.com.hk

Cinda International Holdings Ltd provides financial services including asset management, corporate financial advisory services, securities brokering, commodities, and futures brokering, and financial planning and insurance brokering. Its segments consist of Asset management; Sales and trading business; and Corporate finance. It derives majority of the revenue from Sales and trading business that provides brokering services in securities, equity-linked products, unit trusts and stock options commodities and futures contracts traded in Hong Kong and selected overseas markets, underwriting, placing and margin financing services to those brokering clients, and acting as an agent for the sale of savings plans, general and life insurance and other investment-linked insurance products.