Aowei Holding (HKSE:01370) Cash-to-Debt : 0.06 (As of Jun. 2024)

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What is Aowei Holding 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. Aowei Holding's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.06.

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, Aowei Holding 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 Aowei Holding's Cash-to-Debt or its related term are showing as below:

HKSE:01370' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.3 Max: 0.96
Current: 0.04

During the past 13 years, Aowei Holding's highest Cash to Debt Ratio was 0.96. The lowest was 0.03. And the median was 0.30.

HKSE:01370's Cash-to-Debt is ranked worse than
88.5% of 626 companies
in the Steel industry
Industry Median: 0.4 vs HKSE:01370: 0.04

Aowei Holding Cash-to-Debt Historical Data

The historical data trend for Aowei Holding'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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Aowei Holding Cash-to-Debt Chart

Aowei Holding Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash-to-Debt

Get a 7-Day Free Trial

0.03

0.19

0.11

0.04

Aowei Holding 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															0.11	0.07	0.04	0.06	0.04

Competitive Comparison of Aowei Holding's Cash-to-Debt

For the Steel subindustry, Aowei Holding'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.

Aowei Holding's Cash-to-Debt Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Aowei Holding's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Aowei Holding's Cash-to-Debt falls into.

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Aowei Holding 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.

Aowei Holding'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)
	=	37.716	/	(518.12	+	481.263)
	=	0.04

Aowei Holding'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)
	=	57.942	/	(557.339	+	470.988)
	=	0.06

Aowei Holding (HKSE:01370) 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.

Aowei Holding Cash-to-Debt Related Terms

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Aowei Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Aowei Holding Ltd (HKSE:01370) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 91 Guangping Avenue, Laiyuan County, Hebei Province, Baoding, CHN, 074300

Website

http://www.aoweiholding.com

Aowei Holding Ltd is engaged in the exploration, mining, processing, and trading of iron ore products and the provision of hospital management service in the People's Republic of China (PRC). The company owns and operates mines that are located in the Hebei Province, through which it produces iron ore and steel in the PRC. Its product offering includes iron ores, and iron ore concentrates that are processed at Gufen Mine, Wang'ergou Mine and Shuanmazhuang Mine and preliminary concentrates and iron ores processed at and recovered from Zhijiazhuang Mine. Its segments include Mining segment and Medical segment. The company generates majority of its from Mining segment.

Executives

Aowei International Developments Limited	2101 Beneficial owner
Hengshi Holdings Limited	2201 Interest of corporation controlled by you
Hengshi International Investments Limited	2101 Beneficial owner
Leung Hongying Li Ziwei	2307 Founder of a discretionary trust who can infl
Li Yanjun	2103 Interests held jointly with another person
Trident Trust Company (hk) Limited	2301 Trustee
Chak Limited	2201 Interest of corporation controlled by you
Credit Suisse Trust Limited	2301 Trustee
Seven Limited	2201 Interest of corporation controlled by you
Fresh Idea Ventures Limited	2106 Person having a security interest in shares
Huarong International Financial Holdings Limited	2201 Interest of corporation controlled by you
Zhong Guo Hua Rong Zi Chan Guan Li Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you

Aowei Holding Headlines

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