Huisheng International Holdings (HKSE:01340) Cash-to-Debt : 3,887.89 (As of Jun. 2024)

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What is Huisheng 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. Huisheng International Holdings's cash to debt ratio for the quarter that ended in Jun. 2024 was 3,887.89.

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, Huisheng International Holdings could pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

The historical rank and industry rank for Huisheng International Holdings's Cash-to-Debt or its related term are showing as below:

HKSE:01340' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.57 Med: 4.52 Max: 4129.33
Current: 3985.45

During the past 13 years, Huisheng International Holdings's highest Cash to Debt Ratio was 4129.33. The lowest was 1.57. And the median was 4.52.

HKSE:01340's Cash-to-Debt is ranked better than
95.42% of 1876 companies
in the Consumer Packaged Goods industry
Industry Median: 0.535 vs HKSE:01340: 3985.45

Huisheng International Holdings Cash-to-Debt Historical Data

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

Huisheng International Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash-to-Debt

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1.68

1,339.85

4,129.33

3,886.14

3,985.45

Huisheng International Holdings Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Cash-to-Debt	Get a 7-Day Free Trial															4,129.33	3,993.68	3,886.14	3,887.89	3,985.45

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

For the Packaged Foods subindustry, Huisheng 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.

Huisheng International Holdings's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Huisheng International Holdings's Cash-to-Debt distribution charts can be found below:

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

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Huisheng 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.

Huisheng 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)
	=	431.361	/	(0.001	+	0.11)
	=	3,886.14

Huisheng 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)
	=	427.668	/	(0.002	+	0.108)
	=	3,887.89

Huisheng International Holdings (HKSE:01340) 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.

Huisheng International Holdings Cash-to-Debt Related Terms

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Huisheng International Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Huisheng International Holdings Ltd (HKSE:01340) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hejiaping Housing Committee, Unit 4, Deshan Town Economic and Technological Development Zone, Hunan Province, Changde, CHN

Website

https://www.hsihl.com

Huisheng International Holdings Ltd is principally engaged in the production and sale of pork and related meat food products for the domestic market as well as hog breeding and hog farming in Changde, Hunan Province, the People's Republic of China. The company has two operating segments; The slaughtering and trading of pork products segment includes slaughtering and trading of pork products, and the Pipe system products segment includes selling and distributing pipe system products and conducting the provision of technical advisory services on the design, application, implementation, and installation. its geographic areas are the PRC and Japan. Geographically the company generates a majority of its revenue from China.

Huisheng International Holdings Headlines

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