Zhongtian Construction (Hunan) Group (HKSE:02433) Cash-to-Debt : 0.51 (As of Jun. 2023)

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What is Zhongtian Construction (Hunan) 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. Zhongtian Construction (Hunan) Group's cash to debt ratio for the quarter that ended in Jun. 2023 was 0.51.

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, Zhongtian Construction (Hunan) Group couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

The historical rank and industry rank for Zhongtian Construction (Hunan) Group's Cash-to-Debt or its related term are showing as below:

HKSE:02433' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.51 Med: 1.06 Max: 1.33
Current: 0.51

During the past 5 years, Zhongtian Construction (Hunan) Group's highest Cash to Debt Ratio was 1.33. The lowest was 0.51. And the median was 1.06.

HKSE:02433's Cash-to-Debt is ranked worse than
55.22% of 1675 companies
in the Construction industry
Industry Median: 0.62 vs HKSE:02433: 0.51

Zhongtian Construction (Hunan) Group Cash-to-Debt Historical Data

The historical data trend for Zhongtian Construction (Hunan) 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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Zhongtian Construction (Hunan) Group Cash-to-Debt Chart

Zhongtian Construction (Hunan) Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

1.04

1.16

1.33

1.08

0.51

Zhongtian Construction (Hunan) Group Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Jun22	Sep22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial				N/A	0.89	1.08	0.51	0.51

Competitive Comparison of Zhongtian Construction (Hunan) Group's Cash-to-Debt

For the Engineering & Construction subindustry, Zhongtian Construction (Hunan) 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.

Zhongtian Construction (Hunan) Group's Cash-to-Debt Distribution in the Construction Industry

For the Construction industry and Industrials sector, Zhongtian Construction (Hunan) Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Zhongtian Construction (Hunan) Group's Cash-to-Debt falls into.

Zhongtian Construction (Hunan) 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.

Zhongtian Construction (Hunan) Group's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	169.362	/	(152.66	+	3.825)
	=	1.08

Zhongtian Construction (Hunan) Group's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	78.31	/	(150.783	+	3.114)
	=	0.51

Zhongtian Construction (Hunan) Group (HKSE:02433) 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.

Zhongtian Construction (Hunan) Group Cash-to-Debt Related Terms

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Zhongtian Construction (Hunan) Group (HKSE:02433) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Zhongtian Construction (Hunan) Group Ltd (HKSE:02433) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1197, East Xinhua Road, Hetang District, Hunan Province, Zhuzhou, CHN, 412008

Website

http://www.ztcon.com

Zhongtian Construction (Hunan) Group Ltd is engaged in general contracting construction in the PRC.

Executives

Zt (a) Limited	2101 Beneficial owner
Zt (m) Limited	2101 Beneficial owner

Zhongtian Construction (Hunan) Group (HKSE:02433) Headlines

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