Huarong International Financial Holdings (HKSE:00993) Cash-to-Debt : 0.29 (As of Jun. 2024)

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What is Huarong International Financial 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. Huarong International Financial Holdings's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.29.

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, Huarong International Financial Holdings 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 Huarong International Financial Holdings's Cash-to-Debt or its related term are showing as below:

HKSE:00993' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.24 Max: 2.17
Current: 0.29

During the past 13 years, Huarong International Financial Holdings's highest Cash to Debt Ratio was 2.17. The lowest was 0.06. And the median was 0.24.

HKSE:00993's Cash-to-Debt is ranked worse than
72.58% of 1455 companies
in the Asset Management industry
Industry Median: 5.53 vs HKSE:00993: 0.29

Huarong International Financial Holdings Cash-to-Debt Historical Data

The historical data trend for Huarong International Financial 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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Huarong International Financial Holdings Cash-to-Debt Chart

Huarong International Financial Holdings Annual Data

Trend

Apr14

Apr15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.26

0.16

0.23

0.52

0.41

Huarong International Financial Holdings Semi-Annual Data
	Oct14	Apr15	Oct15	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															0.29	0.52	0.49	0.41	0.29

Competitive Comparison of Huarong International Financial Holdings's Cash-to-Debt

For the Asset Management subindustry, Huarong International Financial 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.

Huarong International Financial Holdings's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Huarong International Financial Holdings's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Huarong International Financial Holdings's Cash-to-Debt falls into.

Huarong International Financial 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.

Huarong International Financial 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)
	=	2088.791	/	(2321.131	+	2783.549)
	=	0.41

Huarong International Financial Holdings'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)
	=	1156.115	/	(200.66	+	3777.067)
	=	0.29

Huarong International Financial Holdings (HKSE:00993) 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.

Huarong International Financial Holdings Cash-to-Debt Related Terms

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

Huarong International Financial Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Huarong International Financial Holdings Ltd (HKSE:00993) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

93W:Germany

Address

60 Gloucester Road, 15th Floor, China Huarong Tower, Wanchai, Hong Kong, HKG

Website

http://www.hrif.com.hk

Huarong International Financial Holdings Ltd is a finance company that provides brokerage services on securities, investment banking, futures, and asset management. The company operates through four segments. The securities segment which derives key revenue, is composed of the brokerage and trading of securities, futures and options contracts, and margin financing services. The corporate finance segment provides securities underwriting, sponsoring, and financial advisory services to institutional clients. The asset management and direct investment segment consists of asset management services and direct investments in equities, bonds, funds, and other financial products. The financial services and others segment comprises finance lease services and business consulting services.

Executives

Shinning Rhythm Limited	2106 Person having a security interest in shares
Dong Jufeng
Jia Tianjiang
China Tian Yuan Asset Management Limited
China Tian Yuan Manganese Finance (holdings) Limited
Ningxia Tianyuan Manganese Industry Group Co., Ltd.
Tian Yuan Manganese Limited
Zhong Guo Hua Rong Zi Chan Guan Li Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Hua Rong Hua Qiao Zi Chan Guan Li Gu Fen You Xian Gong Si	2106 Person having a security interest in shares
China Tian Yuan Finance Group (holdings) Limited	2201 Interest of corporation controlled by you
China Tian Yuan International Finance Limited	2201 Interest of corporation controlled by you
Hua Rong Hua Qiao Zi Chan Guan Li You Xian Gong Si	2106 Person having a security interest in shares

Huarong International Financial Holdings Headlines

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