China New Economy Fund (HKSE:00080) Cash-to-Debt : 57.37 (As of Dec. 2023)

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What is China New Economy Fund 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 Economy Fund's cash to debt ratio for the quarter that ended in Dec. 2023 was 57.37.

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, China New Economy Fund 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 China New Economy Fund's Cash-to-Debt or its related term are showing as below:

HKSE:00080' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.78 Med: 273.53 Max: No Debt
Current: 57.37

During the past 13 years, China New Economy Fund's highest Cash to Debt Ratio was No Debt. The lowest was 2.78. And the median was 273.53.

HKSE:00080's Cash-to-Debt is ranked better than
58.88% of 1486 companies
in the Asset Management industry
Industry Median: 6.4 vs HKSE:00080: 57.37

China New Economy Fund Cash-to-Debt Historical Data

The historical data trend for China New Economy Fund'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 Economy Fund Cash-to-Debt Chart

China New Economy Fund Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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278.40

942.16

120.68

268.66

57.37

China New Economy Fund Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial															242.39	268.66	58.89	57.37	N/A

Competitive Comparison of China New Economy Fund's Cash-to-Debt

For the Asset Management subindustry, China New Economy Fund'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 Economy Fund's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, China New Economy Fund's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where China New Economy Fund's Cash-to-Debt falls into.

China New Economy Fund 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 Economy Fund'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)
	=	83.65	/	(1.26	+	0.198)
	=	57.37

China New Economy Fund'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)
	=	83.65	/	(1.26	+	0.198)
	=	57.37

China New Economy Fund (HKSE:00080) 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 Economy Fund Cash-to-Debt Related Terms

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

China New Economy Fund Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » China New Economy Fund Ltd (HKSE:00080) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

50 Wing Lok Street, 22 Floor, CS Tower, Sheung Wan, Hong Kong, HKG

Website

http://www.chinaneweconomyfund.com

China New Economy Fund Ltd is a Hong Kong-based company principally engaged in investment. The principal investment objective of the Company is to achieve long-term capital appreciation through investing in private or listed enterprises in China, Hong Kong, Macau, and Taiwan. The Company operates through two segments. The Listed Securities segment is engaged in investment in listed securities. The Unlisted Securities segment is engaged in investment in private equity funds and private equities. The investment manager of the Company is China Everbright Securities (HK) Limited.

Executives

Sunwah Tongfang Limited	2201 Interest of corporation controlled by you
Gold Pond International Limited	2101 Beneficial owner
Luo Yan	2201 Interest of corporation controlled by you
Sui Xiao Chun	2101 Beneficial owner
Li Kun Jin	2201 Interest of corporation controlled by you
Wei Cheng Ke Ji Tou Zi Kong Gu Shen Zhen You Xian Gong Si	2201 Interest of corporation controlled by you
Festival Developments Limited	2201 Interest of corporation controlled by you
Kingsway Lion Spur Technology Limited	2101 Beneficial owner
Sunwah Kingsway Capital Holdings Limited	2201 Interest of corporation controlled by you
Choi Koon Shum	2201 Interest of corporation controlled by you
Yang Kun	2101 Beneficial owner
Cas International Investment Management Company Limited	2201 Interest of corporation controlled by you
Cas International Investments Holdings Co., Limited	2201 Interest of corporation controlled by you
China Science International Investment Company Limited	2201 Interest of corporation controlled by you
Jiang Lei	2201 Interest of corporation controlled by you

China New Economy Fund Headlines

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