Zhong Jia Guo Xin Holdings Co (HKSE:00899) Cash-to-Debt : 2.15 (As of Sep. 2023)

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What is Zhong Jia Guo Xin Holdings Co 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. Zhong Jia Guo Xin Holdings Co's cash to debt ratio for the quarter that ended in Sep. 2023 was 2.15.

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, Zhong Jia Guo Xin Holdings Co could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

The historical rank and industry rank for Zhong Jia Guo Xin Holdings Co's Cash-to-Debt or its related term are showing as below:

HKSE:00899' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.19 Med: 7.35 Max: No Debt
Current: 2.15

During the past 13 years, Zhong Jia Guo Xin Holdings Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.19. And the median was 7.35.

HKSE:00899's Cash-to-Debt is ranked better than
79.58% of 1797 companies
in the Real Estate industry
Industry Median: 0.25 vs HKSE:00899: 2.15

Zhong Jia Guo Xin Holdings Co Cash-to-Debt Historical Data

The historical data trend for Zhong Jia Guo Xin Holdings Co'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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Zhong Jia Guo Xin Holdings Co Cash-to-Debt Chart

Zhong Jia Guo Xin Holdings Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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No Debt

16.86

23.30

10.70

9.71

Zhong Jia Guo Xin Holdings Co 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															8.66	10.70	45.72	9.71	2.15

Competitive Comparison of Zhong Jia Guo Xin Holdings Co's Cash-to-Debt

For the Real Estate - Diversified subindustry, Zhong Jia Guo Xin Holdings Co'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.

Zhong Jia Guo Xin Holdings Co's Cash-to-Debt Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Zhong Jia Guo Xin Holdings Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Zhong Jia Guo Xin Holdings Co's Cash-to-Debt falls into.

Zhong Jia Guo Xin Holdings Co 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.

Zhong Jia Guo Xin Holdings Co'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)
	=	33.396	/	(2.27	+	1.171)
	=	9.71

Zhong Jia Guo Xin Holdings Co'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)
	=	27.958	/	(3.232	+	9.761)
	=	2.15

Zhong Jia Guo Xin Holdings Co (HKSE:00899) 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.

Zhong Jia Guo Xin Holdings Co Cash-to-Debt Related Terms

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

Zhong Jia Guo Xin Holdings Co (HKSE:00899) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Zhong Jia Guo Xin Holdings Co Ltd (HKSE:00899) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Connaught Road Central, Room 2601, 26th Floor, West Tower, Shun Tak Centre, Sheung Wan, Hong Kong, HKG, 168-200

Website

http://www.asiaresources899.com.hk

Zhong Jia Guo Xin Holdings Co Ltd is an investment holding company. The company's principle activities include mining business, water business, property development and property investments.

Executives

Green Deer Holdings Limited	2101 Beneficial owner
Lam Pik Lam	2201 Interest of corporation controlled by you
Liang Shulian	2101 Beneficial owner
Full Tenda Development Limited	2101 Beneficial owner
Yao Jigen	2201 Interest of corporation controlled by you
Li Yuguo	2101 Beneficial owner

Zhong Jia Guo Xin Holdings Co (HKSE:00899) Headlines

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