China Qinfa Group (HKSE:00866) Cash-to-Debt : 0.09 (As of Dec. 2023)

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What is China Qinfa Group 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 Qinfa Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.09.

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 Qinfa Group 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 Qinfa Group's Cash-to-Debt or its related term are showing as below:

HKSE:00866' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.03 Max: 0.28
Current: 0.09

During the past 13 years, China Qinfa Group's highest Cash to Debt Ratio was 0.28. The lowest was 0.00. And the median was 0.03.

HKSE:00866's Cash-to-Debt is ranked worse than
89.33% of 178 companies
in the Other Energy Sources industry
Industry Median: 1.915 vs HKSE:00866: 0.09

China Qinfa Group Cash-to-Debt Historical Data

The historical data trend for China Qinfa Group'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 Qinfa Group Cash-to-Debt Chart

China Qinfa Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.04

0.03

0.28

0.24

0.09

China Qinfa Group 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															0.28	0.30	0.24	0.32	0.09

Competitive Comparison of China Qinfa Group's Cash-to-Debt

For the Thermal Coal subindustry, China Qinfa Group'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 Qinfa Group's Cash-to-Debt Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, China Qinfa Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where China Qinfa Group's Cash-to-Debt falls into.

China Qinfa Group 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.

China Qinfa Group'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)
	=	331.122	/	(2055.88	+	1856.403)
	=	0.08

China Qinfa Group'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)
	=	331.122	/	(2055.88	+	1856.403)
	=	0.08

China Qinfa Group (HKSE:00866) 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 Qinfa Group Cash-to-Debt Related Terms

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China Qinfa Group (HKSE:00866) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » China Qinfa Group Ltd (HKSE:00866) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

No. 1 Pazhou Avenue East, Unit Nos. 2201 to 2208, Level 22, South Tower, Poly International Plaza, Haizhu District, Guangzhou, CHN

Website

http://www.qinfagroup.com

China Qinfa Group Ltd is a Hong-Kong based firm engaged in coal operation business involving coal mining, purchases and sales, filtering, storage, the blending of coal in the PRC, and shipping transportation. The company operates its business through two segments namely Coal and Shipping transportation segments. Coal business segment covers coal mining, purchases and sales, filtering, storage and blending of coal in the PRC, and Shipping transportation segment provides services of time charter and voyage charter of vessels. It has a business presence in the PRC and other countries, of which the majority of the revenue is generated within the PRC.

China Qinfa Group (HKSE:00866) Headlines

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