Quanzhou Huixin Micro-credit Co (HKSE:01577) Cash-to-Debt : 130.31 (As of Dec. 2024)

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What is Quanzhou Huixin Micro-credit 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. Quanzhou Huixin Micro-credit Co's cash to debt ratio for the quarter that ended in Dec. 2024 was 130.31.

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, Quanzhou Huixin Micro-credit Co could pay off its debt using the cash in hand for the quarter that ended in Dec. 2024.

The historical rank and industry rank for Quanzhou Huixin Micro-credit Co's Cash-to-Debt or its related term are showing as below:

HKSE:01577' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09 Med: 0.87 Max: No Debt
Current: 130.31

During the past 12 years, Quanzhou Huixin Micro-credit Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.09. And the median was 0.87.

HKSE:01577's Cash-to-Debt is ranked better than
86.64% of 509 companies
in the Credit Services industry
Industry Median: 0.21 vs HKSE:01577: 130.31

Quanzhou Huixin Micro-credit Co Cash-to-Debt Historical Data

The historical data trend for Quanzhou Huixin Micro-credit 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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Quanzhou Huixin Micro-credit Co Cash-to-Debt Chart

Quanzhou Huixin Micro-credit Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash-to-Debt

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1.23

0.40

3.57

9.58

130.31

Quanzhou Huixin Micro-credit Co Semi-Annual Data
	Dec14	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															3.57	8.76	9.58	18.56	130.31

Competitive Comparison of Quanzhou Huixin Micro-credit Co's Cash-to-Debt

For the Credit Services subindustry, Quanzhou Huixin Micro-credit 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.

Quanzhou Huixin Micro-credit Co's Cash-to-Debt Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Quanzhou Huixin Micro-credit Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Quanzhou Huixin Micro-credit Co's Cash-to-Debt falls into.

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Quanzhou Huixin Micro-credit 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.

Quanzhou Huixin Micro-credit Co's Cash to Debt Ratio for the fiscal year that ended in Dec. 2024 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)
	=	132.391	/	(0	+	1.016)
	=	130.31

Quanzhou Huixin Micro-credit Co's Cash to Debt Ratio for the quarter that ended in Dec. 2024 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)
	=	132.391	/	(0	+	1.016)
	=	130.31

Quanzhou Huixin Micro-credit Co (HKSE:01577) 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.

Quanzhou Huixin Micro-credit Co Cash-to-Debt Related Terms

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

Quanzhou Huixin Micro-credit Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Quanzhou Huixin Micro-credit Co Ltd (HKSE:01577) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 105 Daxing Street, 35 Floor, Huijin International Center, Fengze District, QuanZhou, Fujian, CHN

Website

http://www.qzhuixin.net

Quanzhou Huixin Micro-credit Co Ltd is a microfinance company. It has two reportable operating segments including the micro-credit business that provides credit facilities to SMEs, micro-enterprises, and entrepreneurial individuals; and the finance lease business that is engaged in providing automobile lease service for individuals. It generates a vast majority of revenues from the micro-credit business. Almost all of the group's revenue is generated from Quanzhou City, Fujian Province in Mainland China.

Executives

Tsai Hiu Chuk	2201 Interest of corporation controlled by you
Zeng Huanrong	2201 Interest of corporation controlled by you
Zhan Hong Qi Ye You Xian Gong Si	2101 Beneficial owner
Gao Li Ya Tai Kong Gu You Xian Gong Si	2201 Interest of corporation controlled by you
Hong Erguan	2101 Beneficial owner
Grand Wealth (hk) Investment Limited	2101 Beneficial owner
Cheng Chau Yuet	2202 Interest of your spouse
Chong Ming Ting	2201 Interest of corporation controlled by you
Wu Weiqi	2201 Interest of corporation controlled by you
Yue Tai Investment Limited	2101 Beneficial owner
Good Rising Investments Limited	2101 Beneficial owner
Pleasant Advent Limited	2201 Interest of corporation controlled by you
Wong Sze Ying Chloe	2201 Interest of corporation controlled by you
Cai Jianchu	2101 Beneficial owner

Quanzhou Huixin Micro-credit Co Headlines

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