Redsun Properties Group (HKSE:01996) Cash-to-Debt : 0.05 (As of Dec. 2023)

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What is Redsun Properties 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. Redsun Properties Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.05.

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

HKSE:01996' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05 Med: 0.34 Max: 0.52
Current: 0.05

During the past 9 years, Redsun Properties Group's highest Cash to Debt Ratio was 0.52. The lowest was 0.05. And the median was 0.34.

HKSE:01996's Cash-to-Debt is ranked worse than
81.37% of 1782 companies
in the Real Estate industry
Industry Median: 0.255 vs HKSE:01996: 0.05

Redsun Properties Group Cash-to-Debt Historical Data

The historical data trend for Redsun Properties 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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Redsun Properties Group Cash-to-Debt Chart

Redsun Properties Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.32

0.38

0.40

0.10

0.05

Redsun Properties Group Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial											0.40	0.24	0.10	0.17	0.05

Competitive Comparison of Redsun Properties Group's Cash-to-Debt

For the Real Estate - Development subindustry, Redsun Properties 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.

Redsun Properties Group's Cash-to-Debt Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Redsun Properties Group's Cash-to-Debt distribution charts can be found below:

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

Redsun Properties 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.

Redsun Properties 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)
	=	1302.494	/	(18915.504	+	5519.203)
	=	0.05

Redsun Properties 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)
	=	1302.494	/	(18915.504	+	5519.203)
	=	0.05

Redsun Properties Group (HKSE:01996) 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.

Redsun Properties Group Cash-to-Debt Related Terms

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

Redsun Properties Group (HKSE:01996) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Redsun Properties Group Ltd (HKSE:01996) » Definitions » Cash-to-Debt

Traded in Other Exchanges

0RJ:Germany

Address

No. 9 Daqiao North Road, 26th Floor, Hong Yang Building, Pukou District, Jiangsu Province, Nanjing, CHN

Website

https://www.rsunproperty.hk

Redsun Properties Group Ltd is a China-based company engages in the property development business. It's business operations consist of three principal business segments: Property Development and Sales; Commercial Property Investment and Operations; and Hotel Operations. The company derived its revenue from sale of its developed residential properties and supporting retail properties, rental income from the investment in and operation of commercial properties, and service fee income from its hotel operaTions.

Executives

Hong Yang Group (holdings) Limited	2201 Interest of corporation controlled by you
Hong Yang Group Company Limited	2201 Interest of corporation controlled by you
Hong Yang International Limited	2201 Interest of corporation controlled by you
Redsun Properties Group (holdings) Limited	2101 Beneficial owner
Chen Sihong	2202 Interest of your spouse
Zeng Huansha	2201 Interest of corporation controlled by you

Redsun Properties Group (HKSE:01996) Headlines

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