Macrolink Culturaltainment Development Co (SZSE:000620) Cash-to-Debt : 0.42 (As of Mar. 2024)

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What is Macrolink Culturaltainment Development 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. Macrolink Culturaltainment Development Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.42.

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, Macrolink Culturaltainment Development Co couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Macrolink Culturaltainment Development Co's Cash-to-Debt or its related term are showing as below:

SZSE:000620' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.07 Med: 0.23 Max: 0.55
Current: 0.42

During the past 13 years, Macrolink Culturaltainment Development Co's highest Cash to Debt Ratio was 0.55. The lowest was 0.07. And the median was 0.23.

SZSE:000620's Cash-to-Debt is ranked worse than
53.62% of 511 companies
in the Conglomerates industry
Industry Median: 0.48 vs SZSE:000620: 0.42

Macrolink Culturaltainment Development Co Cash-to-Debt Historical Data

The historical data trend for Macrolink Culturaltainment Development 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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Macrolink Culturaltainment Development Co Cash-to-Debt Chart

Macrolink Culturaltainment Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.20

0.14

0.12

0.09

0.55

Macrolink Culturaltainment Development Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.08	0.24	0.23	0.55	0.42

Competitive Comparison of Macrolink Culturaltainment Development Co's Cash-to-Debt

For the Conglomerates subindustry, Macrolink Culturaltainment Development 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.

Macrolink Culturaltainment Development Co's Cash-to-Debt Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Macrolink Culturaltainment Development Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Macrolink Culturaltainment Development Co's Cash-to-Debt falls into.

Macrolink Culturaltainment Development Co 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.

Macrolink Culturaltainment Development Co'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)
	=	1113.298	/	(671.803	+	1348.575)
	=	0.55

Macrolink Culturaltainment Development Co's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
	=	854.74	/	(693.609	+	1348.575)
	=	0.42

Macrolink Culturaltainment Development Co (SZSE:000620) 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.

Macrolink Culturaltainment Development Co Cash-to-Debt Related Terms

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Macrolink Culturaltainment Development Co (SZSE:000620) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Macrolink Culturaltainment Development Co Ltd (SZSE:000620) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Government Street, Macrolink Headquarters Plaza, Taihu Town, Tongzhou District, Beijing, CHN, 101116

Website

http://www.macrolink.com.cn

Macrolink Culturaltainment Development Co Ltd is a China-based conglomerate with business interests in the real estate, chemical, mining, ceramics, wine, and financial investment industries. In real estate business, the company develops, operates and provides related services residential, commercial, tourism and cultural property. In the petroleum sector, the company focuses on the wholesale and retailing business of crude oil, refined oil products, and fuel oil. Involved in the finance sector, the company is engaged in the project investment, securities investment and equity investment. In addition, the organization is also focused on the ceramics, liquor, ecological agriculture and nutritional beverages industries.

Executives

Yang Yun Feng	Executives
Wu Yi Ping	Supervisors
Li Jian Gang	Director
Fu Jun	Director
Feng Jian Jun	Director
Hu Jin Liang	Independent director
Hang Guan Yu	Directors, executives
Xu Yang	Executives

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