Zonqing Environmental (HKSE:01855) Cash-to-Debt : 0.26 (As of Dec. 2023)

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What is Zonqing Environmental 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. Zonqing Environmental's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.26.

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

HKSE:01855' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09 Med: 0.21 Max: 0.3
Current: 0.26

During the past 7 years, Zonqing Environmental's highest Cash to Debt Ratio was 0.30. The lowest was 0.09. And the median was 0.21.

HKSE:01855's Cash-to-Debt is ranked worse than
70.87% of 1675 companies
in the Construction industry
Industry Median: 0.63 vs HKSE:01855: 0.26

Zonqing Environmental Cash-to-Debt Historical Data

The historical data trend for Zonqing Environmental'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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Zonqing Environmental Cash-to-Debt Chart

Zonqing Environmental Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.14

0.30

0.09

0.21

0.26

Zonqing Environmental Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial							0.09	0.05	0.21	0.16	0.26

Competitive Comparison of Zonqing Environmental's Cash-to-Debt

For the Engineering & Construction subindustry, Zonqing Environmental'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.

Zonqing Environmental's Cash-to-Debt Distribution in the Construction Industry

For the Construction industry and Industrials sector, Zonqing Environmental's Cash-to-Debt distribution charts can be found below:

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

Zonqing Environmental 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.

Zonqing Environmental'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)
	=	230.137	/	(796.578	+	88.81)
	=	0.26

Zonqing Environmental'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)
	=	230.137	/	(796.578	+	88.81)
	=	0.26

Zonqing Environmental (HKSE:01855) 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.

Zonqing Environmental Cash-to-Debt Related Terms

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Zonqing Environmental (HKSE:01855) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Zonqing Environmental Ltd (HKSE:01855) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

No.5888, Fuzhi Road, 3rd Floor, Zhongqing Building, Jingyue High-tech Industrial Development Zone, Jilin Province, Changchun, CHN

Website

http://www.zonbong.com

Zonqing Environmental Ltd is principally engaged in landscaping, ecological restoration, and other related projects. Its business segments include Landscaping; Ecological restoration; and Others including investigation, survey, design, and technical consultancy for municipal construction projects. A majority of revenue is derived from the Landscaping segment which includes public space landscaping, theme park landscaping, private park landscaping, and maintenance projects. The group's revenue is generated in the PRC.

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