Shandong Hi-Speed Holdings Group (FRA:HRI) Cash-to-Debt : 0.33 (As of Jun. 2024)

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What is Shandong Hi-Speed Holdings 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. Shandong Hi-Speed Holdings Group's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.33.

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, Shandong Hi-Speed Holdings Group couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

The historical rank and industry rank for Shandong Hi-Speed Holdings Group's Cash-to-Debt or its related term are showing as below:

FRA:HRI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.19 Med: 0.78 Max: 24.71
Current: 0.33

During the past 13 years, Shandong Hi-Speed Holdings Group's highest Cash to Debt Ratio was 24.71. The lowest was 0.19. And the median was 0.78.

FRA:HRI's Cash-to-Debt is ranked worse than
76.92% of 1486 companies
in the Asset Management industry
Industry Median: 6.4 vs FRA:HRI: 0.33

Shandong Hi-Speed Holdings Group Cash-to-Debt Historical Data

The historical data trend for Shandong Hi-Speed Holdings 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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Shandong Hi-Speed Holdings Group Cash-to-Debt Chart

Shandong Hi-Speed Holdings Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.90

0.91

0.76

0.23

0.19

Shandong Hi-Speed Holdings Group Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial															0.33	0.23	0.20	0.19	0.33

Competitive Comparison of Shandong Hi-Speed Holdings Group's Cash-to-Debt

For the Asset Management subindustry, Shandong Hi-Speed Holdings 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.

Shandong Hi-Speed Holdings Group's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Shandong Hi-Speed Holdings Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Shandong Hi-Speed Holdings Group's Cash-to-Debt falls into.

Shandong Hi-Speed Holdings 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.

Shandong Hi-Speed Holdings 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)
	=	1084.847	/	(2070.04	+	3784.038)
	=	0.19

Shandong Hi-Speed Holdings Group's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	1857.554	/	(1936.066	+	3777.412)
	=	0.33

Shandong Hi-Speed Holdings Group (FRA:HRI) 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.

Shandong Hi-Speed Holdings Group Cash-to-Debt Related Terms

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Shandong Hi-Speed Holdings Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Shandong Hi-Speed Holdings Group Ltd (FRA:HRI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

00412:Hong Kong

Address

No. 50 Connaught Road Central, 17th Floor, Agricultural Bank of China Tower, Hong Kong, HKG

Website

https://www.csfg.com.hk

Shandong Hi-Speed Holdings Group Ltd is an investment holding company & its segments include Industrial investment segment in operations of industrial investment-related business; Standard investment segment in trading of listed securities & listed bonds for interest income & capital appreciation; Non-standard investment segment in direct investment business, investments in debts instruments, unlisted bonds & investment funds; Licensed financial services segment in provision of money lending services, securities brokerage services, asset management services & asset trading platform; & Financial technology segment in online investment & technology-enabled lending services & online new media services. The majority is from the Industrial Investment segment & key revenue is from PRC.