Yangzhou Guangling District Taihe Rural Micro-finance Co (HKSE:01915) Cash-to-Debt : 0.18 (As of Dec. 2023)

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What is Yangzhou Guangling District Taihe Rural Micro-finance 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. Yangzhou Guangling District Taihe Rural Micro-finance Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.18.

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, Yangzhou Guangling District Taihe Rural Micro-finance 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 Yangzhou Guangling District Taihe Rural Micro-finance Co's Cash-to-Debt or its related term are showing as below:

HKSE:01915' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05 Med: 2.24 Max: No Debt
Current: 0.18

During the past 10 years, Yangzhou Guangling District Taihe Rural Micro-finance Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.05. And the median was 2.24.

HKSE:01915's Cash-to-Debt is ranked worse than
56.1% of 508 companies
in the Credit Services industry
Industry Median: 0.23 vs HKSE:01915: 0.18

Yangzhou Guangling District Taihe Rural Micro-finance Co Cash-to-Debt Historical Data

The historical data trend for Yangzhou Guangling District Taihe Rural Micro-finance 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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Yangzhou Guangling District Taihe Rural Micro-finance Co Cash-to-Debt Chart

Yangzhou Guangling District Taihe Rural Micro-finance Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.47

0.39

2.19

2.29

0.18

Yangzhou Guangling District Taihe Rural Micro-finance Co Semi-Annual Data
	Dec14	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													2.19	0.38	2.29	2.85	0.18

Competitive Comparison of Yangzhou Guangling District Taihe Rural Micro-finance Co's Cash-to-Debt

For the Credit Services subindustry, Yangzhou Guangling District Taihe Rural Micro-finance 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.

Yangzhou Guangling District Taihe Rural Micro-finance Co's Cash-to-Debt Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Yangzhou Guangling District Taihe Rural Micro-finance Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Yangzhou Guangling District Taihe Rural Micro-finance Co's Cash-to-Debt falls into.

Yangzhou Guangling District Taihe Rural Micro-finance 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.

Yangzhou Guangling District Taihe Rural Micro-finance Co's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 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)
	=	0.305	/	(0	+	1.679)
	=	0.18

Yangzhou Guangling District Taihe Rural Micro-finance Co's Cash to Debt Ratio for the quarter that ended in Dec. 2023 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)
	=	0.305	/	(0	+	1.679)
	=	0.18

Yangzhou Guangling District Taihe Rural Micro-finance Co (HKSE:01915) 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.

Yangzhou Guangling District Taihe Rural Micro-finance Co Cash-to-Debt Related Terms

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Yangzhou Guangling District Taihe Rural Micro-finance Co (HKSE:01915) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Yangzhou Guangling District Taihe Rural Micro-finance Co Ltd (HKSE:01915) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Beizhou Road, No. 1 Hong Qi Avenue, Lidian Town, Guangling District, Jiangsu Province, Yangzhou, CHN

Website

http://www.gltaihe.com

Yangzhou Guangling District Taihe Rural Micro-finance Co Ltd is engaged in microfinance business. The company offers micro and small loans in two formats, term loans, and loans under the credit facility to its customers. Its services are the granting of loans to Agriculture, Rural Areas and Farmers, provision of financial guarantees, acting as a financial institution agent, and other financial businesses. The Group's revenue is generated from the provision of loans to small and medium-sized and micro enterprises located at Yangzhou, Jiangsu Province in the PRC.

Yangzhou Guangling District Taihe Rural Micro-finance Co (HKSE:01915) Headlines

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