Towngas Smart Energy Co (HKSE:01083) Cash-to-Debt : 0.21 (As of Jun. 2024)

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What is Towngas Smart Energy 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. Towngas Smart Energy Co's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.21.

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, Towngas Smart Energy Co 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 Towngas Smart Energy Co's Cash-to-Debt or its related term are showing as below:

HKSE:01083' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.15 Med: 0.2 Max: 0.3
Current: 0.21

During the past 13 years, Towngas Smart Energy Co's highest Cash to Debt Ratio was 0.30. The lowest was 0.15. And the median was 0.20.

HKSE:01083's Cash-to-Debt is ranked worse than
53.99% of 489 companies
in the Utilities - Regulated industry
Industry Median: 0.26 vs HKSE:01083: 0.21

Towngas Smart Energy Co Cash-to-Debt Historical Data

The historical data trend for Towngas Smart Energy 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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Towngas Smart Energy Co Cash-to-Debt Chart

Towngas Smart Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.19

0.20

0.21

0.22

Towngas Smart Energy Co 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															0.20	0.21	0.20	0.22	0.21

Competitive Comparison of Towngas Smart Energy Co's Cash-to-Debt

For the Utilities - Regulated Gas subindustry, Towngas Smart Energy 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.

Towngas Smart Energy Co's Cash-to-Debt Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Towngas Smart Energy Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Towngas Smart Energy Co's Cash-to-Debt falls into.

Towngas Smart Energy 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.

Towngas Smart Energy Co'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)
	=	4101.864	/	(5604.219	+	12956.526)
	=	0.22

Towngas Smart Energy Co'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)
	=	3883.241	/	(10972.99	+	7838.33)
	=	0.21

Towngas Smart Energy Co (HKSE:01083) 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.

Towngas Smart Energy Co Cash-to-Debt Related Terms

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Towngas Smart Energy Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Towngas Smart Energy Co Ltd (HKSE:01083) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

363 Java Road, North Point, 23rd Floor, Hong Kong, HKG

Website

https://www.towngaschina.com

Towngas Smart Energy Co Ltd is an investment holding company engaged in the sales of piped gas and other types of energy, the construction of gas pipelines, the sale of gas appliances and related products, and other value-added services in the People's Republic of China. It has four operating segments; Sales of piped gas and energy including Sales of piped gas (mainly natural gas) and other types of energy, Gas connection include Construction of gas pipeline networks under gas connection contracts, Renewable energy business includes Sales of renewable energy (mainly photovoltaic power) and other related energy and services and Extended business including Sales of gas-related household appliances and related products, and other related value-added services.

Executives

Henderson Development Limited	2201 Interest of corporation controlled by you
Planwise Properties Limited	2101 Beneficial owner
Towngas Investment Company Limited	2201 Interest of corporation controlled by you
Lee Ka Kit	2501 Other
Lee Shau Kee	2201 Interest of corporation controlled by you
Faxson Investment Limited	2201 Interest of corporation controlled by you
Towngas International Company Limited	2201 Interest of corporation controlled by you
Hong Kong & China Gas (china) Limited	2101 Beneficial owner
The Hong Kong And China Gas Company Limited	2201 Interest of corporation controlled by you
Rimmer (cayman) Limited	2301 Trustee
Riddick (cayman) Limited	2301 Trustee
Hopkins (cayman) Limited	2201 Interest of corporation controlled by you
Henderson Land Development Company Limited	2201 Interest of corporation controlled by you
Industrial And Commercial Bank Of China Limited	2201 Interest of corporation controlled by you
Tang Kok Yew	2201 Interest of corporation controlled by you

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