Ruichang International Holdings (HKSE:01334) Cash-to-Debt : 0.14 (As of Jun. 2024)

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What is Ruichang International 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. Ruichang International Holdings's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.14.

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

HKSE:01334' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.14 Med: 0.25 Max: 1.04
Current: 1.04

During the past 4 years, Ruichang International Holdings's highest Cash to Debt Ratio was 1.04. The lowest was 0.14. And the median was 0.25.

HKSE:01334's Cash-to-Debt is ranked worse than
53.64% of 3011 companies
in the Industrial Products industry
Industry Median: 1.26 vs HKSE:01334: 1.04

Ruichang International Holdings Cash-to-Debt Historical Data

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

Ruichang International Holdings Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Cash-to-Debt

0.30

0.24

0.26

1.04

Ruichang International Holdings Semi-Annual Data
	Dec21	Dec22	Jun23	Dec23	Jun24	Dec24
Cash-to-Debt	Get a 7-Day Free Trial			0.24	N/A	0.26	0.14	1.04

Competitive Comparison of Ruichang International Holdings's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Ruichang International 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.

Ruichang International Holdings's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ruichang International Holdings's Cash-to-Debt distribution charts can be found below:

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

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Ruichang International 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.

Ruichang International 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)
	=	49.953	/	(145.714	+	45.287)
	=	0.26

Ruichang International 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)
	=	23.329	/	(120.955	+	46.832)
	=	0.14

Ruichang International Holdings (HKSE:01334) 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.

Ruichang International Holdings Cash-to-Debt Related Terms

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Ruichang International Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ruichang International Holdings Ltd (HKSE:01334) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Qinzhou North Road, Room 201, 2nd Floor, No.1001, Xuhui District, Shanghai, CHN

Website

https://www.ruichang.com.cn

Ruichang International Holdings Ltd is a petroleum refinery and petrochemical equipment manufacturer. Its products are divided into four product categories, namely (i) SRU and VOCs incineration equipment; (ii) catalytic cracking equipment; (iii) process burners; and (iv) heat exchangers. The group also provides installation services for the equipment manufactured and ancillary facilities such as electrical erection work and mechanical erection work.

Executives

Huang Shan Jian Tou Si Mu Ji Jin Guan Li You Xian Gong Si	2101 Beneficial owner
Bai Wei	2202 Interest of your spouse
Lu Bo	2501 Other
Lu Xiaojing	2501 Other
Shao Song	2202 Interest of your spouse
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Ruichang International Holdings Headlines

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