China New Higher Education Group (FRA:8CN) Cash-to-Debt : 0.40 (As of Aug. 2024)

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What is China New Higher Education 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. China New Higher Education Group's cash to debt ratio for the quarter that ended in Aug. 2024 was 0.40.

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, China New Higher Education Group couldn't pay off its debt using the cash in hand for the quarter that ended in Aug. 2024.

The historical rank and industry rank for China New Higher Education Group's Cash-to-Debt or its related term are showing as below:

FRA:8CN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.23 Med: 0.33 Max: 0.74
Current: 0.4

During the past 11 years, China New Higher Education Group's highest Cash to Debt Ratio was 0.74. The lowest was 0.23. And the median was 0.33.

FRA:8CN's Cash-to-Debt is ranked worse than
71.22% of 271 companies
in the Education industry
Industry Median: 1.45 vs FRA:8CN: 0.40

China New Higher Education Group Cash-to-Debt Historical Data

The historical data trend for China New Higher Education 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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China New Higher Education Group Cash-to-Debt Chart

China New Higher Education Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Aug20

Aug21

Aug22

Aug23

Aug24

Cash-to-Debt

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0.38

0.30

0.33

0.40

China New Higher Education Group Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24	Aug24
Cash-to-Debt	Get a 7-Day Free Trial														0.33	0.16	0.33	0.11	0.40

Competitive Comparison of China New Higher Education Group's Cash-to-Debt

For the Education & Training Services subindustry, China New Higher Education 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.

China New Higher Education Group's Cash-to-Debt Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, China New Higher Education Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where China New Higher Education Group's Cash-to-Debt falls into.

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China New Higher Education 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.

China New Higher Education Group's Cash to Debt Ratio for the fiscal year that ended in Aug. 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)
	=	176.422	/	(189.104	+	255.651)
	=	0.40

China New Higher Education Group's Cash to Debt Ratio for the quarter that ended in Aug. 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)
	=	176.422	/	(189.104	+	255.651)
	=	0.40

China New Higher Education Group (FRA:8CN) 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.

China New Higher Education Group Cash-to-Debt Related Terms

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China New Higher Education Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » China New Higher Education Group Ltd (FRA:8CN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

02001:Hong Kong 8CN:Germany

Address

5A Shuguang Xili Street, 20th floor, Tower F, Phoenix Place, Chaoyang District, Beijing, CHN

Website

https://www.xingaojiao.com

China New Higher Education Group, or CNHE, is a leading higher education group in China. Its school network spans seven provinces. Total enrolled students reached about 139,000 for the academic year 2024/25. CNHE currently operates eight schools, up from only two schools in 2016.

China New Higher Education Group Headlines

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