China New Town Development Co (HKSE:01278) Cash-to-Debt : 1.43 (As of Dec. 2023)

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What is China New Town Development 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. China New Town Development Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.43.

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, China New Town Development Co 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 China New Town Development Co's Cash-to-Debt or its related term are showing as below:

HKSE:01278' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.65 Med: 1.32 Max: 2.1
Current: 1.43

During the past 13 years, China New Town Development Co's highest Cash to Debt Ratio was 2.10. The lowest was 0.65. And the median was 1.32.

HKSE:01278's Cash-to-Debt is ranked better than
76.66% of 1787 companies
in the Real Estate industry
Industry Median: 0.25 vs HKSE:01278: 1.43

China New Town Development Co Cash-to-Debt Historical Data

The historical data trend for China New Town Development 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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China New Town Development Co Cash-to-Debt Chart

China New Town Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

1.24

1.53

1.56

2.10

1.43

China New Town Development Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															1.56	1.33	2.10	1.19	1.43

Competitive Comparison of China New Town Development Co's Cash-to-Debt

For the Real Estate - Development subindustry, China New Town Development 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.

China New Town Development Co's Cash-to-Debt Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, China New Town Development Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where China New Town Development Co's Cash-to-Debt falls into.

China New Town Development 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.

China New Town Development 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)
	=	3634.263	/	(327.363	+	2208.727)
	=	1.43

China New Town Development Co'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)
	=	3634.263	/	(327.363	+	2208.727)
	=	1.43

China New Town Development Co (HKSE:01278) 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 New Town Development Co Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of China New Town Development Co's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

China New Town Development Co (HKSE:01278) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » China New Town Development Co Ltd (HKSE:01278) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

1 Austin Road West, 8203B-04A International Commerce Centre, Kowloon, Hong Kong, HKG

Website

https://www.china-newtown.com

China New Town Development Co Ltd is engaged in the real estate business. The company is a new town developer in Mainland China and has been engaged in the investment and operation of new types of urbanization and primary land development. The operating segments of the company are the Land development segment which provides land infrastructure development, and construction of ancillary public facilities; the Urbanization development segment which is responsible for investments in new town projects; Property leasing segment which provides property leasing services of investment property; and Others segment which includes the provision of other services. It derives major revenue from the Urbanization development segment.

Executives

Xitong International Holdings (hk) Limited	2101 Beneficial owner
China Development Bank International Holdings Limited	2101 Beneficial owner
Guo Kai Jin Rong You Xian Ze Ren Gong Si	2201 Interest of corporation controlled by you
Guo Jia Kai Fa Yin Xing Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Wu Xi Shi Jiao Tong Chan Ye Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Jiasheng (holding) Investment Limited	2201 Interest of corporation controlled by you
Jiashun (holding) Investment Limited	2201 Interest of corporation controlled by you
Jiaxin Investment (shanghai) Co., Ltd.	2201 Interest of corporation controlled by you
Zhong Guo Min Sheng Tou Zi Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Zhong Min Jia Ye Tou Zi You Xian Gong Si	2201 Interest of corporation controlled by you
Sre Investment Holding Limited	2101 Beneficial owner
Jia Yun Investment Limited	2106 Person having a security interest in shares
Shi Jian	2201 Interest of corporation controlled by you
Jia Bo Tou Zi You Xian Gong Si	2201 Interest of corporation controlled by you

China New Town Development Co (HKSE:01278) Headlines

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