China Gas Holdings (HAM:EBZ) Cash-to-Debt : 0.19 (As of Sep. 2023)

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What is China Gas Holdings 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 Gas Holdings's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.19.

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 Gas Holdings couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

The historical rank and industry rank for China Gas Holdings's Cash-to-Debt or its related term are showing as below:

HAM:EBZ' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.17 Med: 0.23 Max: 0.35
Current: 0.19

During the past 13 years, China Gas Holdings's highest Cash to Debt Ratio was 0.35. The lowest was 0.17. And the median was 0.23.

HAM:EBZ's Cash-to-Debt is ranked worse than
56.83% of 498 companies
in the Utilities - Regulated industry
Industry Median: 0.25 vs HAM:EBZ: 0.19

China Gas Holdings Cash-to-Debt Historical Data

The historical data trend for China Gas Holdings'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 Gas Holdings Cash-to-Debt Chart

China Gas Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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0.35

0.18

0.17

China Gas Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															0.23	0.18	0.23	0.17	0.19

Competitive Comparison of China Gas Holdings's Cash-to-Debt

For the Utilities - Regulated Gas subindustry, China Gas Holdings'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 Gas Holdings's Cash-to-Debt Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, China Gas Holdings's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where China Gas Holdings's Cash-to-Debt falls into.

China Gas Holdings 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 Gas Holdings's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	1254.686	/	(2630.903	+	4674.168)
	=	0.17

China Gas Holdings's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	1317.791	/	(2666.724	+	4123.912)
	=	0.19

China Gas Holdings (HAM:EBZ) 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 Gas Holdings Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of China Gas Holdings's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

China Gas Holdings (HAM:EBZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » China Gas Holdings Ltd (HAM:EBZ) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CGHOF:USA CGHLY:USA 00384:Hong Kong EBZ:Germany EBZ:Germany

Address

151 Gloucester Road, Room 1601, 16th Floor, Capital Centre, Wan Chai, Hong Kong, HKG

Website

http://www.chinagasholdings.com.hk

China Gas Holdings is involved in the wholesale and retail businesses of natural gas and liquefied petroleum gas in China. As of fiscal 2023 (ended March 31, 2023), the group had secured a total of 661 piped gas concessions, 533 compressed natural gas/liquefied natural gas refilling stations for vehicles, and 106 LPG distribution projects in China. In total, CGH has connected 45.4 million residential households and achieved a penetration rate of 68.6%.

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