Wenzhou Kangning Hospital Co (HKSE:02120) Cash-to-Debt : 0.40 (As of Dec. 2023)

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What is Wenzhou Kangning Hospital 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. Wenzhou Kangning Hospital Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.40.

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, Wenzhou Kangning Hospital 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 Wenzhou Kangning Hospital Co's Cash-to-Debt or its related term are showing as below:

HKSE:02120' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.24 Med: 0.59 Max: No Debt
Current: 0.4

During the past 10 years, Wenzhou Kangning Hospital Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.24. And the median was 0.59.

HKSE:02120's Cash-to-Debt is ranked worse than
60.09% of 659 companies
in the Healthcare Providers & Services industry
Industry Median: 0.74 vs HKSE:02120: 0.40

Wenzhou Kangning Hospital Co Cash-to-Debt Historical Data

The historical data trend for Wenzhou Kangning Hospital 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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Wenzhou Kangning Hospital Co Cash-to-Debt Chart

Wenzhou Kangning Hospital Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.39

0.32

0.24

0.35

0.40

Wenzhou Kangning Hospital Co Semi-Annual Data
	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														0.24	0.28	0.35	0.31	0.40

Competitive Comparison of Wenzhou Kangning Hospital Co's Cash-to-Debt

For the Medical Care Facilities subindustry, Wenzhou Kangning Hospital 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.

Wenzhou Kangning Hospital Co's Cash-to-Debt Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Wenzhou Kangning Hospital Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Wenzhou Kangning Hospital Co's Cash-to-Debt falls into.

Wenzhou Kangning Hospital 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.

Wenzhou Kangning Hospital 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)
	=	466.182	/	(368.834	+	788.57)
	=	0.40

Wenzhou Kangning Hospital 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)
	=	466.182	/	(368.834	+	788.57)
	=	0.40

Wenzhou Kangning Hospital Co (HKSE:02120) 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.

Wenzhou Kangning Hospital Co Cash-to-Debt Related Terms

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

Wenzhou Kangning Hospital Co (HKSE:02120) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Wenzhou Kangning Hospital Co Ltd (HKSE:02120) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shengjin Road, Huanglong Residential District, Zhejiang, Wenzhou, CHN

Website

http://www.knhosp.cn

Wenzhou Kangning Hospital Co Ltd is engaged in operating and managing a network of healthcare facilities that focus on providing psychiatric specialty care and elderly rehabilitation service across various regions in China. The company operates only in one reporting segment. The Group generates revenue mainly through the following three ways- revenue from operating its owned hospitals; revenue from other healthcare related business; and other revenue not related to healthcare business.

Wenzhou Kangning Hospital Co (HKSE:02120) Headlines

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