COSCO SHIPPING International (Hong Kong) Co (COSCO SHIPPING International (Hong Kong) Co) Cash-to-Debt : 349.22 (As of Dec. 2023)

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What is COSCO SHIPPING International (Hong Kong) 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. COSCO SHIPPING International (Hong Kong) Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 349.22.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, COSCO SHIPPING International (Hong Kong) Co could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for COSCO SHIPPING International (Hong Kong) Co's Cash-to-Debt or its related term are showing as below:

CHDGF' s Cash-to-Debt Range Over the Past 10 Years
Min: 64.97 Med: 156.43 Max: No Debt
Current: 349.22

During the past 13 years, COSCO SHIPPING International (Hong Kong) Co's highest Cash to Debt Ratio was No Debt. The lowest was 64.97. And the median was 156.43.

CHDGF's Cash-to-Debt is ranked better than
95.86% of 966 companies
in the Transportation industry
Industry Median: 0.49 vs CHDGF: 349.22

COSCO SHIPPING International (Hong Kong) Co Cash-to-Debt Historical Data

The historical data trend for COSCO SHIPPING International (Hong Kong) 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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COSCO SHIPPING International (Hong Kong) Co Cash-to-Debt Chart

COSCO SHIPPING International (Hong Kong) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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90.57

64.97

118.83

364.42

349.22

COSCO SHIPPING International (Hong Kong) Co 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															118.83	369.37	364.42	551.85	349.22

Competitive Comparison of COSCO SHIPPING International (Hong Kong) Co's Cash-to-Debt

For the Marine Shipping subindustry, COSCO SHIPPING International (Hong Kong) 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.

COSCO SHIPPING International (Hong Kong) Co's Cash-to-Debt Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, COSCO SHIPPING International (Hong Kong) Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where COSCO SHIPPING International (Hong Kong) Co's Cash-to-Debt falls into.

COSCO SHIPPING International (Hong Kong) 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.

COSCO SHIPPING International (Hong Kong) 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)
	=	787.485	/	(0.309	+	1.946)
	=	349.22

COSCO SHIPPING International (Hong Kong) Co'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)
	=	787.485	/	(0.309	+	1.946)
	=	349.22

COSCO SHIPPING International (Hong Kong) Co (OTCPK:CHDGF) 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.

COSCO SHIPPING International (Hong Kong) Co Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of COSCO SHIPPING International (Hong Kong) Co's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

COSCO SHIPPING International (Hong Kong) Co (COSCO SHIPPING International (Hong Kong) Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » COSCO SHIPPING International (Hong Kong) Co Ltd (OTCPK:CHDGF) » Definitions » Cash-to-Debt

Traded in Other Exchanges

00517:Hong Kong CSB:Germany

Address

183 Queen's Road Central, 47th Floor, COSCO Tower, Hong Kong, HKG

Website

https://hk.coscoshipping.com

COSCO SHIPPING International (Hong Kong) Co Ltd is a Hong Kong-based company engaged in services relating to shipbuilding, ship trading, and chartering for the fleet. It carries its operations in six segments including Coatings, Marine equipment and spare parts, Ship trading agency, Insurance brokerage, Marine fuel and other products, and General trading. The majority of its revenue comes from the sale of Marine equipment and spare parts. The company has a business network in Mainland China, Hong Kong, Singapore, Japan, Germany, and the USA, among other countries.

COSCO SHIPPING International (Hong Kong) Co (COSCO SHIPPING International (Hong Kong) Co) Headlines

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