Asia Cement (China) Holdings (HKSE:00743) Cash-to-Debt : 5.03 (As of Dec. 2023)

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What is Asia Cement (China) 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. Asia Cement (China) Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 5.03.

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, Asia Cement (China) Holdings 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 Asia Cement (China) Holdings's Cash-to-Debt or its related term are showing as below:

HKSE:00743' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.1 Med: 1.01 Max: 5.03
Current: 5.03

During the past 13 years, Asia Cement (China) Holdings's highest Cash to Debt Ratio was 5.03. The lowest was 0.10. And the median was 1.01.

HKSE:00743's Cash-to-Debt is ranked better than
84.78% of 381 companies
in the Building Materials industry
Industry Median: 0.45 vs HKSE:00743: 5.03

Asia Cement (China) Holdings Cash-to-Debt Historical Data

The historical data trend for Asia Cement (China) 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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Asia Cement (China) Holdings Cash-to-Debt Chart

Asia Cement (China) Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.26

1.72

4.82

3.65

5.03

Asia Cement (China) Holdings Quarterly Data
	Jun16	Sep16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															3.65	5.05	4.79	5.03	N/A

Competitive Comparison of Asia Cement (China) Holdings's Cash-to-Debt

For the Building Materials subindustry, Asia Cement (China) 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.

Asia Cement (China) Holdings's Cash-to-Debt Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Asia Cement (China) Holdings's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Asia Cement (China) Holdings's Cash-to-Debt falls into.

Asia Cement (China) 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.

Asia Cement (China) Holdings'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)
	=	10276.353	/	(1262.728	+	781.986)
	=	5.03

Asia Cement (China) Holdings'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)
	=	10276.353	/	(1262.728	+	781.986)
	=	5.03

Asia Cement (China) Holdings (HKSE:00743) 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.

Asia Cement (China) Holdings Cash-to-Debt Related Terms

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

Asia Cement (China) Holdings (HKSE:00743) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Asia Cement (China) Holdings Corp (HKSE:00743) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

4OJ:Germany

Address

No. 6 Yadong Avenue, Ma-Tou Town, Jiangxi Province, Ruichang, CHN, 332207

Website

http://www.achc.com.cn

Asia Cement (China) Holdings Corp is an investment holding company. The company operates through the Cement and Concrete business segments. Its products include cement, clinker, ready-mix concrete, and blast-furnace slag powder. It derives revenue from China. Its geographical segments include the Southeastern region, Central region, and Southwestern region.

Executives

Asia Cement Corporation
Far Eastern New Century Corporation

Asia Cement (China) Holdings (HKSE:00743) Headlines

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