China Tian Yuan Healthcare Group (HKSE:00557) Cash-to-Debt : 0.60 (As of Jun. 2024)

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What is China Tian Yuan Healthcare 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 Tian Yuan Healthcare Group's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.60.

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 Tian Yuan Healthcare 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 China Tian Yuan Healthcare Group's Cash-to-Debt or its related term are showing as below:

HKSE:00557' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.32 Med: 2.36 Max: 19.32
Current: 0.6

During the past 13 years, China Tian Yuan Healthcare Group's highest Cash to Debt Ratio was 19.32. The lowest was 0.32. And the median was 2.36.

HKSE:00557's Cash-to-Debt is ranked worse than
54.49% of 668 companies
in the Healthcare Providers & Services industry
Industry Median: 0.755 vs HKSE:00557: 0.60

China Tian Yuan Healthcare Group Cash-to-Debt Historical Data

The historical data trend for China Tian Yuan Healthcare 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 Tian Yuan Healthcare Group Cash-to-Debt Chart

China Tian Yuan Healthcare Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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10.22

1.29

1.31

0.62

0.58

China Tian Yuan Healthcare Group 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															1.21	0.62	0.32	0.58	0.60

Competitive Comparison of China Tian Yuan Healthcare Group's Cash-to-Debt

For the Medical Care Facilities subindustry, China Tian Yuan Healthcare 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 Tian Yuan Healthcare Group's Cash-to-Debt Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, China Tian Yuan Healthcare Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where China Tian Yuan Healthcare Group's Cash-to-Debt falls into.

China Tian Yuan Healthcare 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 Tian Yuan Healthcare 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)
	=	26.734	/	(4.318	+	41.588)
	=	0.58

China Tian Yuan Healthcare 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)
	=	25.247	/	(3.855	+	38.457)
	=	0.60

China Tian Yuan Healthcare Group (HKSE:00557) 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 Tian Yuan Healthcare Group Cash-to-Debt Related Terms

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China Tian Yuan Healthcare Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » China Tian Yuan Healthcare Group Ltd (HKSE:00557) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

30 Harbour Road, Room Nos. 4901, 49th Floor, Sun Hung Kai Centre, Wanchai, Hong Kong, HKG

Website

http://www.tianyuanhealthcare.com

China Tian Yuan Healthcare Group Ltd is an investment holding company with an interest primarily in the hospitality sector. Its segment includes Investment holding, Hospitality, Healthcare, Money lending and related business. The investment Holding segment invests in listed equity investments and unlisted marketable equitable equity mutual funds. The hospitality segment offers procurement services to the hospitality industry. The Healthcare segment provides procurement, marketing, and management services to the medical industry. The Money Lending and Related Business segment comprise referral and handling fees receivable, interests earned from the provision related business of loans to third parties. Geographically, it generates a majority of its revenue from the China.

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