Jiu Rong Holdings (HKSE:02358) Cash-to-Debt : 0.03 (As of Jun. 2023)

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What is Jiu Rong Holdings 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. Jiu Rong Holdings's cash to debt ratio for the quarter that ended in Jun. 2023 was 0.03.

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, Jiu Rong Holdings 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 Jiu Rong Holdings's Cash-to-Debt or its related term are showing as below:

HKSE:02358' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.51 Max: No Debt
Current: 0.03

During the past 13 years, Jiu Rong Holdings's highest Cash to Debt Ratio was No Debt. The lowest was 0.03. And the median was 0.51.

HKSE:02358's Cash-to-Debt is ranked worse than
98.14% of 2471 companies
in the Hardware industry
Industry Median: 1.35 vs HKSE:02358: 0.03

Jiu Rong Holdings Cash-to-Debt Historical Data

The historical data trend for Jiu Rong Holdings'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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Jiu Rong Holdings Cash-to-Debt Chart

Jiu Rong Holdings Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

Get a 7-Day Free Trial

0.06

0.45

0.56

0.37

0.24

Jiu Rong Holdings Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Cash-to-Debt	Get a 7-Day Free Trial															0.33	0.37	0.43	0.24	0.03

Competitive Comparison of Jiu Rong Holdings's Cash-to-Debt

For the Consumer Electronics subindustry, Jiu Rong Holdings'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.

Jiu Rong Holdings's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Jiu Rong Holdings's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Jiu Rong Holdings's Cash-to-Debt falls into.

Jiu Rong Holdings 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.

Jiu Rong Holdings'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)
	=	193.094	/	(339.792	+	479.993)
	=	0.24

Jiu Rong Holdings'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)
	=	19.528	/	(184.394	+	541.428)
	=	0.03

Jiu Rong Holdings (HKSE:02358) 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.

Jiu Rong Holdings Cash-to-Debt Related Terms

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Jiu Rong Holdings (HKSE:02358) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Jiu Rong Holdings Ltd (HKSE:02358) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

1 Harbour Road, Flat 8, 49th Floor, Office Tower, Convention Plaza, Wanchai, Hong Kong, HKG

Website

http://www.jiurongkg.com

Jiu Rong Holdings Ltd is an investment holding company. Its Digital Video business segment, which is the key revenue driver, carries out the manufacturing and sales of digital television (TV), high definition liquid crystal display TV, and set-top boxes as well as provision of application of solutions regarding the integration of telecommunication, TV, and internet in the digital audiovisual industry. The other segments of the group are the New energy vehicles business; Cloud Ecological Big Data Business; Properties development, Properties investment and, General Trading. The group has a business presence in the PRC, Hong Kong, and Cuba, of which a majority of revenue is generated from the PRC.

Jiu Rong Holdings (HKSE:02358) Headlines

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