Zuoli Kechuang Micro-finance Co (HKSE:06866) Cash-to-Debt : 0.03 (As of Dec. 2023)

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What is Zuoli Kechuang Micro-finance Co 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. Zuoli Kechuang Micro-finance Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.03.

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, Zuoli Kechuang Micro-finance Co 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 Zuoli Kechuang Micro-finance Co's Cash-to-Debt or its related term are showing as below:

HKSE:06866' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.07 Max: 0.83
Current: 0.03

During the past 11 years, Zuoli Kechuang Micro-finance Co's highest Cash to Debt Ratio was 0.83. The lowest was 0.02. And the median was 0.07.

HKSE:06866's Cash-to-Debt is ranked worse than
84.43% of 501 companies
in the Credit Services industry
Industry Median: 0.22 vs HKSE:06866: 0.03

Zuoli Kechuang Micro-finance Co Cash-to-Debt Historical Data

The historical data trend for Zuoli Kechuang Micro-finance Co'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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Zuoli Kechuang Micro-finance Co Cash-to-Debt Chart

Zuoli Kechuang Micro-finance Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.08

0.12

0.07

0.02

0.03

Zuoli Kechuang Micro-finance Co Quarterly Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.02	0.18	0.05	0.03	N/A

Competitive Comparison of Zuoli Kechuang Micro-finance Co's Cash-to-Debt

For the Credit Services subindustry, Zuoli Kechuang Micro-finance Co'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.

Zuoli Kechuang Micro-finance Co's Cash-to-Debt Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Zuoli Kechuang Micro-finance Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Zuoli Kechuang Micro-finance Co's Cash-to-Debt falls into.

Zuoli Kechuang Micro-finance Co Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents 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.

Zuoli Kechuang Micro-finance Co's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	19.117	/	(0	+	652.392)
	=	0.03

Zuoli Kechuang Micro-finance Co's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	19.117	/	(0	+	652.392)
	=	0.03

Zuoli Kechuang Micro-finance Co (HKSE:06866) 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.

Zuoli Kechuang Micro-finance Co Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Zuoli Kechuang Micro-finance Co's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Zuoli Kechuang Micro-finance Co (HKSE:06866) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Zuoli Kechuang Micro-finance Co Ltd (HKSE:06866) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 399 Deqing Avenue, Wukang Road, Deqing County, Zhejiang Province, Huzhou, CHN, 313200

Website

https://www.zlkcxd.cn

Zuoli Kechuang Micro-finance Co Ltd is engaged in providing unsecured loans, guaranteed loans, collateralized loans, pledged loans, agriculture loans, individual business loans, other individual loans and loans for agricultural businesses, customers engaged in rural development activities, and/or customers residing in rural areas, SMEs and microenterprises in various industries, as well as online retailers in the businesses of lifestyle products, agricultural products, cultural supplies, and industrial products. The company generates revenue in the form of interest.

Executives

Gawsun (hk) International Trading Co., Limited

2101 Beneficial owner

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