China ZhengTong Auto Services Holdings (HKSE:01728) Cash-to-Debt : 0.03 (As of Jun. 2024)

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What is China ZhengTong Auto Services 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. China ZhengTong Auto Services Holdings's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.03.

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, China ZhengTong Auto Services 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 China ZhengTong Auto Services Holdings's Cash-to-Debt or its related term are showing as below:

HKSE:01728' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.11 Max: 0.25
Current: 0.03

During the past 13 years, China ZhengTong Auto Services Holdings's highest Cash to Debt Ratio was 0.25. The lowest was 0.03. And the median was 0.11.

HKSE:01728's Cash-to-Debt is ranked worse than
95.33% of 1305 companies
in the Vehicles & Parts industry
Industry Median: 0.55 vs HKSE:01728: 0.03

China ZhengTong Auto Services Holdings Cash-to-Debt Historical Data

The historical data trend for China ZhengTong Auto Services 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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China ZhengTong Auto Services Holdings Cash-to-Debt Chart

China ZhengTong Auto Services Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.12

0.07

0.04

China ZhengTong Auto Services Holdings Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial															0.06	0.04	0.05	0.04	0.03

Competitive Comparison of China ZhengTong Auto Services Holdings's Cash-to-Debt

For the Auto & Truck Dealerships subindustry, China ZhengTong Auto Services 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.

China ZhengTong Auto Services Holdings's Cash-to-Debt Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, China ZhengTong Auto Services Holdings's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where China ZhengTong Auto Services Holdings's Cash-to-Debt falls into.

China ZhengTong Auto Services 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.

China ZhengTong Auto Services 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)
	=	952.899	/	(18148.593	+	4865.621)
	=	0.04

China ZhengTong Auto Services 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)
	=	595.549	/	(18093.376	+	4658.882)
	=	0.03

China ZhengTong Auto Services Holdings (HKSE:01728) 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.

China ZhengTong Auto Services Holdings Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of China ZhengTong Auto Services Holdings's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

China ZhengTong Auto Services Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » China ZhengTong Auto Services Holdings Ltd (HKSE:01728) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

ZA0:Germany

Address

No. Te 6 Huangpu Technological Park, 4/F, Wuhan Baoze, Jiangan District, Wuhan, CHN

Website

http://www.zhengtongauto.com

China ZhengTong Auto Services Holdings Ltd is a China-based investment holding company principally engaged in the sales of passenger motor vehicles, including luxury and ultra-luxury branded automobiles. The company operates through the following segments; 4S dealership business , Supply chain business, and Comprehensive properties business. The 4S dealership business segment which generates key revenue, mainly includes sales of motor vehicles and after-sales services through its network of 4S dealerships in the PRC. The Supply chain business mainly includes the provision of motor-related logistics services and trading of lubricant oil, and the Comprehensive properties business mainly includes the development and sales of properties in the PRC.

Executives

Cheung Mui	2101 Beneficial owner
Xia Men Guo Mao Kong Gu Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Xingtai Capital Management Limited	2102 Investment manager
Wang Muqing
Joy Capital Holdings Limited	2101 Beneficial owner
Bright Brilliant Holdings Limited	2201 Interest of corporation controlled by you
Credit Suisse Trust Limited	2301 Trustee
Wang Boheng	2307 Founder of a discretionary trust who can infl
Wang Weize	2307 Founder of a discretionary trust who can infl

China ZhengTong Auto Services Holdings Headlines

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