Yixin Group (FRA:1YX) Cash-to-Debt : 0.15 (As of Dec. 2023)

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What is Yixin 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. Yixin Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.15.

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, Yixin Group 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 Yixin Group's Cash-to-Debt or its related term are showing as below:

FRA:1YX' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.25 Max: No Debt
Current: 0.15

During the past 10 years, Yixin Group's highest Cash to Debt Ratio was No Debt. The lowest was 0.06. And the median was 0.25.

FRA:1YX's Cash-to-Debt is ranked worse than
58.74% of 509 companies
in the Credit Services industry
Industry Median: 0.23 vs FRA:1YX: 0.15

Yixin Group Cash-to-Debt Historical Data

The historical data trend for Yixin 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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Yixin Group Cash-to-Debt Chart

Yixin Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.08

0.27

0.32

0.27

0.15

Yixin Group Semi-Annual Data
	Dec14	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													0.32	0.38	0.27	0.21	0.15

Competitive Comparison of Yixin Group's Cash-to-Debt

For the Credit Services subindustry, Yixin 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.

Yixin Group's Cash-to-Debt Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Yixin Group's Cash-to-Debt distribution charts can be found below:

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

Yixin 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.

Yixin Group'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)
	=	446.871	/	(1582.055	+	1394.884)
	=	0.15

Yixin Group'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)
	=	446.871	/	(1582.055	+	1394.884)
	=	0.15

Yixin Group (FRA:1YX) 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.

Yixin Group Cash-to-Debt Related Terms

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Yixin Group (FRA:1YX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Yixin Group Ltd (FRA:1YX) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

02858:Hong Kong

Address

No. 365 Linhong Road, 1 North, Zhongguancun Hongqiao Innovation Center, Changning District, Shanghai, CHN

Website

http://www.yixincars.com

Yixin Group Ltd is an online automobile retail transaction platform in China. The company operates in two segments namely Transaction platform services and Self-operated financing business. The transaction platform segment is comprised of facilitation and value-added services, and advertising and subscription services. Self-operated financing segment comprises financing lease services and operating lease services. The company generates a majority of its revenue from the Self-operated financing business.

Yixin Group (FRA:1YX) Headlines

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