Shifang Holding (HKSE:01831) Cash-to-Debt : 1.50 (As of Dec. 2023)

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What is Shifang 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. Shifang Holding's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.50.

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

HKSE:01831' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.08 Med: 3.07 Max: No Debt
Current: 1.5

During the past 13 years, Shifang Holding's highest Cash to Debt Ratio was No Debt. The lowest was 0.08. And the median was 3.07.

HKSE:01831's Cash-to-Debt is ranked better than
52.56% of 1035 companies
in the Media - Diversified industry
Industry Median: 1.28 vs HKSE:01831: 1.50

Shifang Holding Cash-to-Debt Historical Data

The historical data trend for Shifang 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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Shifang Holding Cash-to-Debt Chart

Shifang Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.09

0.10

0.08

4.64

1.50

Shifang Holding 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															0.08	0.05	4.64	1.45	1.50

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

For the Advertising Agencies subindustry, Shifang 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.

Shifang Holding's Cash-to-Debt Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Shifang Holding's Cash-to-Debt distribution charts can be found below:

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

Shifang 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.

Shifang 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)
	=	15.579	/	(8.023	+	2.396)
	=	1.50

Shifang Holding's Cash to Debt Ratio for the quarter 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)
	=	15.579	/	(8.023	+	2.396)
	=	1.50

Shifang Holding (HKSE:01831) 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.

Shifang Holding Cash-to-Debt Related Terms

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Shifang Holding (HKSE:01831) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Shifang Holding Ltd (HKSE:01831) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 121 Gutian Road, 6th Floor, Hua Fu Mansion, Gulou District, Fujian Province, Fuzhou, CHN, 350005

Website

http://www.shifangholding.com

Shifang Holding Ltd is an investment holding company engaged in the business of publishing and advertising in the People's Republic of China. The company operates in two business segments; Publishing and advertising segment includes the provision of advertising services, marketing and consulting services, printing services, and agency commission from sales of service packs, and The tourism and integrated developments segment include the provision of tourism and integrated services through its media, resort, and eco-tourism integrated development projects and sales of agricultural products, including the Yongtai Distinctive Town Project and Cooperative Project in YongFu Town. The company operates in the PRC.

Executives

Chen Zhi
Nian Jiaxing	2101 Beneficial owner
Sheng Ping Guo Ji Fa Zhan You Xian Gong Si
Forever Joy Investments Limited	2101 Beneficial owner
Xu Dan	2201 Interest of corporation controlled by you
Shenzhen Energy Gaofei Fund Management Co., Ltd	2101 Beneficial owner
Ye Xuejin	2201 Interest of corporation controlled by you
Victory Color International Investment Limited	2101 Beneficial owner
Wu Yufang	2201 Interest of corporation controlled by you

Shifang Holding (HKSE:01831) Headlines

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