Zhongtai Futures Co (HKSE:01461) Cash-to-Debt : 374.06 (As of Dec. 2023)

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What is Zhongtai Futures 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. Zhongtai Futures Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 374.06.

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, Zhongtai Futures 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 Zhongtai Futures Co's Cash-to-Debt or its related term are showing as below:

HKSE:01461' s Cash-to-Debt Range Over the Past 10 Years
Min: 261.48 Med: 419.67 Max: No Debt
Current: 374.06

During the past 10 years, Zhongtai Futures Co's highest Cash to Debt Ratio was No Debt. The lowest was 261.48. And the median was 419.67.

HKSE:01461's Cash-to-Debt is ranked better than
82.83% of 798 companies
in the Capital Markets industry
Industry Median: 2.22 vs HKSE:01461: 374.06

Zhongtai Futures Co Cash-to-Debt Historical Data

The historical data trend for Zhongtai Futures 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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Zhongtai Futures Co Cash-to-Debt Chart

Zhongtai Futures Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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261.48

344.30

540.37

465.28

374.06

Zhongtai Futures 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															540.37	132.05	465.28	154.55	374.06

Competitive Comparison of Zhongtai Futures Co's Cash-to-Debt

For the Capital Markets subindustry, Zhongtai Futures 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.

Zhongtai Futures Co's Cash-to-Debt Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Zhongtai Futures Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Zhongtai Futures Co's Cash-to-Debt falls into.

Zhongtai Futures Co Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents 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.

Zhongtai Futures Co's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	20504.04	/	(0	+	54.815)
	=	374.06

Zhongtai Futures Co's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	20504.04	/	(0	+	54.815)
	=	374.06

Zhongtai Futures Co (HKSE:01461) 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.

Zhongtai Futures Co Cash-to-Debt Related Terms

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

Zhongtai Futures Co (HKSE:01461) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Zhongtai Futures Co Ltd (HKSE:01461) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 86 Jingqi Road, 15th-16th Floor, Securities Tower, Shizhong District, Shandong Province, Jinan, CHN, 250001

Website

http://www.lzqh.net.cn

Zhongtai Futures Co Ltd is engaged in four segments; Brokerage business, Risk management business, Asset management business, and Other businesses. The business scopes of the Group cover commodity futures brokerage, financial futures brokerage, futures transaction consulting, asset management, bulk commodity futures and spot trading services, cooperative hedging, market-maker business, OTC derivatives business, information technology consulting services, and other business activities. The Group mainly operates in Shandong Province, the PRC.

Executives

Xu Guiqin	2101 Beneficial owner
China Minsheng Investment Group Corp., Ltd.	2101 Beneficial owner
Cm International Capital Limited	2101 Beneficial owner

Zhongtai Futures Co (HKSE:01461) Headlines

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