China Gingko Education Group Co (HKSE:01851) Cash-to-Debt : 0.64 (As of Dec. 2023)

View and export this data going back to 2019. Start your Free Trial

What is China Gingko Education Group 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. China Gingko Education Group Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.64.

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 Gingko Education Group Co couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for China Gingko Education Group Co's Cash-to-Debt or its related term are showing as below:

HKSE:01851' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.38 Med: 0.64 Max: No Debt
Current: 0.64

During the past 9 years, China Gingko Education Group Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.38. And the median was 0.64.

HKSE:01851's Cash-to-Debt is ranked worse than
64.15% of 265 companies
in the Education industry
Industry Median: 1.16 vs HKSE:01851: 0.64

China Gingko Education Group Co Cash-to-Debt Historical Data

The historical data trend for China Gingko Education Group 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.

* Premium members only.

China Gingko Education Group Co Cash-to-Debt Chart

China Gingko Education Group Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.54

0.38

0.40

0.50

0.64

China Gingko Education Group Co Semi-Annual Data
	Dec15	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												0.20	0.50	0.13	0.64	N/A

Competitive Comparison of China Gingko Education Group Co's Cash-to-Debt

For the Education & Training Services subindustry, China Gingko Education Group 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.

China Gingko Education Group Co's Cash-to-Debt Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, China Gingko Education Group Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where China Gingko Education Group Co's Cash-to-Debt falls into.

China Gingko Education Group Co 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 Gingko Education Group Co'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)
	=	235.942	/	(76.741	+	295.091)
	=	0.63

China Gingko Education Group Co'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)
	=	235.942	/	(76.741	+	295.091)
	=	0.63

China Gingko Education Group Co (HKSE:01851) 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 Gingko Education Group Co Cash-to-Debt Related Terms

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

China Gingko Education Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » China Gingko Education Group Co Ltd (HKSE:01851) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Jinli Zhonglu, Qingyang District, Sichuan Province, Chengdu, CHN

Website

https://www.chinagingkoedu.com

China Gingko Education Group Co Ltd is an investment holding company. The company and its subsidiaries are higher education and vocational training service provider in Sichuan Province. It offers undergraduate majors and college diplomas. The group derives its revenue majorly from tuition fees and boarding fees. The operating segments of the group are Higher education and Hotel operation.

Executives

Greentree Hospitality Group Ltd.	2101 Beneficial owner
Greentree Inns Hotel Management Group, Inc.	2201 Interest of corporation controlled by you
Xu Alex Shuguang	2201 Interest of corporation controlled by you
Vast Universe Company Limited	2101 Beneficial owner
Xiong Lan	2202 Interest of your spouse
Fang Gongyu	2201 Interest of corporation controlled by you

China Gingko Education Group Co Headlines

No Headlines