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Tian Tu Capital Co (HKSE:01973) Cash-to-Debt : 0.85 (As of Jun. 2023)


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What is Tian Tu Capital 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. Tian Tu Capital Co's cash to debt ratio for the quarter that ended in Jun. 2023 was 0.85.

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, Tian Tu Capital Co couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

The historical rank and industry rank for Tian Tu Capital Co's Cash-to-Debt or its related term are showing as below:

HKSE:01973' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.85   Med: 0.97   Max: 1.58
Current: 1.58

During the past 4 years, Tian Tu Capital Co's highest Cash to Debt Ratio was 1.58. The lowest was 0.85. And the median was 0.97.

HKSE:01973's Cash-to-Debt is ranked worse than
57.26% of 1467 companies
in the Asset Management industry
Industry Median: 5.56 vs HKSE:01973: 1.58

Tian Tu Capital Co Cash-to-Debt Historical Data

The historical data trend for Tian Tu Capital 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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Tian Tu Capital Co Cash-to-Debt Chart

Tian Tu Capital Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Cash-to-Debt
1.03 0.91 1.03 1.58

Tian Tu Capital Co Quarterly Data
Dec20 Dec21 Mar22 Jun22 Dec22 Mar23 Jun23 Dec23
Cash-to-Debt Get a 7-Day Free Trial N/A 1.03 N/A 0.85 1.58

Competitive Comparison of Tian Tu Capital Co's Cash-to-Debt

For the Asset Management subindustry, Tian Tu Capital 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.

Tian Tu Capital Co's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Tian Tu Capital Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Tian Tu Capital Co's Cash-to-Debt falls into.


Tian Tu Capital 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.

Tian Tu Capital Co's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
=1277.403 / (125.59 + 1110.844)
=1.03

Tian Tu Capital Co's Cash to Debt Ratio for the quarter that ended in Jun. 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)
=1027.625 / (341.669 + 872.468)
=0.85

* 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.

Tian Tu Capital Co  (HKSE:01973) 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.

Tian Tu Capital Co Cash-to-Debt Related Terms

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Tian Tu Capital Co (HKSE:01973) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Tian Tu Capital Co Ltd (HKSE:01973) » Definitions » Cash-to-Debt
Comparable Companies
HKSE:00033 HKSE:00806 HKSE:00612 HKSE:01697 HKSE:00273 HKSE:00133 HKSE:01140 HKSE:06686 HKSE:01051 HKSE:00129 BLK BX OSTO:INVE A KKR TSX:BN APO BK AMP XSWX:PGHN LSE:III
Traded in Other Exchanges
N/A
Address
4068 Qiaoxiang Road, 23/Floor-2/3, Building B, Intelligence Plaza, Nanshan, Shenzhen, CHN
Website
http://www.tiantucapital.com
Tian Tu Capital Co Ltd is a leading private equity investor and fund manager committed to driving the growth of Chinese consumer brands and companies. It manages capital for institutional investors and high-net-worth individuals and makes investments through its funds under management and directly using its own capital.
Executives
Atrenew Inc. 2101 Beneficial owner
Liberty Yard Limited 2101 Beneficial owner
Wen Liyuan 2201 Interest of corporation controlled by you
Cao Minghui 2201 Interest of corporation controlled by you
Marvel Horizon Limited 2101 Beneficial owner
Yang Guang Bao Xian Ji Tuan Gu Fen You Xian Gong Si 2201 Interest of corporation controlled by you
Qing Dao Hai Nuo Tou Zi Fa Zhan You Xian Gong Si 2101 Beneficial owner
Qing Dao Hai Ming Cheng Shi Fa Zhan You Xian Gong Si 2101 Beneficial owner
Chang Cheng Ji Jin Guan Li You Xian Gong Si 2301 Trustee
Qing Dao Jing Ji Ji Shu Kai Fa Qu Tou Zi Kong Gu Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you
Qing Dao Jing Ji Ji Shu Kai Fa Qu Jin Rong Tou Zi Ji Tuan You Xian Gong Si 2101 Beneficial owner
Shen Zhen Shi Fu Tian Yin Dao Ji Jin Tou Zi You Xian Gong Si 2101 Beneficial owner

Tian Tu Capital Co (HKSE:01973) Headlines

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