Lingbao Gold Group Company (HKSE:03330) Cash-to-Debt : 0.09 (As of Dec. 2023)

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What is Lingbao Gold Group Company 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. Lingbao Gold Group Company'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, Lingbao Gold Group Company 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 Lingbao Gold Group Company's Cash-to-Debt or its related term are showing as below:

HKSE:03330' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05 Med: 0.09 Max: 0.23
Current: 0.09

During the past 13 years, Lingbao Gold Group Company's highest Cash to Debt Ratio was 0.23. The lowest was 0.05. And the median was 0.09.

HKSE:03330's Cash-to-Debt is ranked worse than
90.85% of 2646 companies
in the Metals & Mining industry
Industry Median: 18.395 vs HKSE:03330: 0.09

Lingbao Gold Group Company Cash-to-Debt Historical Data

The historical data trend for Lingbao Gold Group Company'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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Lingbao Gold Group Company Cash-to-Debt Chart

Lingbao Gold Group Company Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.09

0.06

0.05

0.09

Lingbao Gold Group Company 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															0.05	0.06	0.05	0.06	0.09

Competitive Comparison of Lingbao Gold Group Company's Cash-to-Debt

For the Gold subindustry, Lingbao Gold Group Company'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.

Lingbao Gold Group Company's Cash-to-Debt Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Lingbao Gold Group Company's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Lingbao Gold Group Company's Cash-to-Debt falls into.

Lingbao Gold Group Company 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.

Lingbao Gold Group Company'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)
	=	284.29	/	(2986.359	+	156.317)
	=	0.09

Lingbao Gold Group Company'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)
	=	284.29	/	(2986.359	+	156.317)
	=	0.09

Lingbao Gold Group Company (HKSE:03330) 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.

Lingbao Gold Group Company Cash-to-Debt Related Terms

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

Lingbao Gold Group Company (HKSE:03330) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lingbao Gold Group Company Ltd (HKSE:03330) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

LI9:Germany

Address

77 Leighton Road, Room 1104, 11th Floor, Leighton Centre, Causeway Bay, Hong Kong, HKG

Website

https://www.lbgold.com

Lingbao Gold Group Company Ltd is engaged in mining, processing, smelting, and selling of gold and other metallic products in the People's Republic of China (PRC). The company operates in four segments: Mining in PRC, Mining in KR (Kyrgyz Republic), Smelting and Retailing. The vast majority of its revenue comes from the smelting segment, which includes gold and other metal smelting and refinery operations in PRC. The company generates revenue from selling Gold bullion, Silver, Copper products, Sulphuric acid, and Gold concentrates.

Lingbao Gold Group Company (HKSE:03330) Headlines

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