Tongguan Gold Group (HKSE:00340) Cash-to-Debt : 0.28 (As of Dec. 2023)

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What is Tongguan Gold 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. Tongguan Gold Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.28.

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

HKSE:00340' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.28 Med: 1.04 Max: 5.22
Current: 0.28

During the past 13 years, Tongguan Gold Group's highest Cash to Debt Ratio was 5.22. The lowest was 0.28. And the median was 1.04.

HKSE:00340's Cash-to-Debt is ranked worse than
80.88% of 2652 companies
in the Metals & Mining industry
Industry Median: 17.74 vs HKSE:00340: 0.28

Tongguan Gold Group Cash-to-Debt Historical Data

The historical data trend for Tongguan Gold 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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Tongguan Gold Group Cash-to-Debt Chart

Tongguan Gold Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.54

0.88

0.89

0.28

Tongguan Gold Group Semi-Annual Data
	Jun14	Dec14	Jun15	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															0.88	0.65	0.89	0.47	0.28

Competitive Comparison of Tongguan Gold Group's Cash-to-Debt

For the Gold subindustry, Tongguan Gold 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.

Tongguan Gold Group's Cash-to-Debt Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Tongguan Gold Group's Cash-to-Debt distribution charts can be found below:

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

Tongguan Gold 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.

Tongguan Gold 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)
	=	157.887	/	(445.422	+	119.937)
	=	0.28

Tongguan Gold 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)
	=	157.887	/	(445.422	+	119.937)
	=	0.28

Tongguan Gold Group (HKSE:00340) 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.

Tongguan Gold Group Cash-to-Debt Related Terms

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

Tongguan Gold Group (HKSE:00340) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tongguan Gold Group Ltd (HKSE:00340) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

12 Harcourt Road, Room 1306, 13th Floor, Bank of America Tower, Admiralty, Hong Kong, HKG

Website

http://www.tongguangold.com

Tongguan Gold Group Ltd operates as an investment holding company. It operates through one segment, the Gold mining operation, that engages in the exploration, mining, processing, and sale of gold concentrates and related products. All of its revenues come from the PRC.

Executives

Fung Wai Enterprises Ltd.	2101 Beneficial owner
Lin Eddie Chang	2201 Interest of corporation controlled by you
Goldbell Holdings Limited	2201 Interest of corporation controlled by you
Jiang Wei	2201 Interest of corporation controlled by you
Jin Ding Investment Limited	2201 Interest of corporation controlled by you
Qinlong Jinxin Mining Investment Limited	2101 Beneficial owner
Lam Yuk Ying	2101 Beneficial owner
Chen Dengguang	2101 Beneficial owner
Huang Aidong	2201 Interest of corporation controlled by you
Profit Linkage Enterprises Limited	2101 Beneficial owner
Golden Blossom Investment Limited	2101 Beneficial owner
Hu Jianzhong	2201 Interest of corporation controlled by you
Ho Ping Tanya	2101 Beneficial owner
Lin Yuhua	2201 Interest of corporation controlled by you
Supreme Success Group Limited	2101 Beneficial owner

Tongguan Gold Group (HKSE:00340) Headlines

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