Sinohealth Holdings (HKSE:02361) Cash-to-Debt : 36.03 (As of Jun. 2024)

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What is Sinohealth 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. Sinohealth Holdings's cash to debt ratio for the quarter that ended in Jun. 2024 was 36.03.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Sinohealth Holdings could pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

The historical rank and industry rank for Sinohealth Holdings's Cash-to-Debt or its related term are showing as below:

HKSE:02361' s Cash-to-Debt Range Over the Past 10 Years
Min: 16.95 Med: 37.07 Max: 82.35
Current: 36.03

During the past 5 years, Sinohealth Holdings's highest Cash to Debt Ratio was 82.35. The lowest was 16.95. And the median was 37.07.

HKSE:02361's Cash-to-Debt is ranked better than
86.36% of 667 companies
in the Healthcare Providers & Services industry
Industry Median: 0.74 vs HKSE:02361: 36.03

Sinohealth Holdings Cash-to-Debt Historical Data

The historical data trend for Sinohealth 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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Sinohealth Holdings Cash-to-Debt Chart

Sinohealth Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

38.10

16.95

42.37

82.35

32.87

Sinohealth Holdings Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial				50.29	82.35	33.93	32.87	36.03

Competitive Comparison of Sinohealth Holdings's Cash-to-Debt

For the Health Information Services subindustry, Sinohealth 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.

Sinohealth Holdings's Cash-to-Debt Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Sinohealth Holdings's Cash-to-Debt distribution charts can be found below:

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

Sinohealth 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.

Sinohealth Holdings'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)
	=	511.844	/	(4.606	+	10.966)
	=	32.87

Sinohealth Holdings's Cash to Debt Ratio for the quarter that ended in Jun. 2024 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)
	=	539.213	/	(5.234	+	9.731)
	=	36.03

Sinohealth Holdings (HKSE:02361) 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.

Sinohealth Holdings Cash-to-Debt Related Terms

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Sinohealth Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Sinohealth Holdings Ltd (HKSE:02361) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 5 Wangjiang Second Street, Room 1111, Huangge Town, Nansha District, Guangdong Province, Guangzhou City, CHN

Website

https://ir.sinohealth.cn

Sinohealth is a leading provider of Big Data and artificial intelligence-based marketing and distribution information tools, including SaaS-based customer relationship management solutions to mainland China medical product manufacturers. It sources retail data through pharmacy partnerships and provides data analysis to the pharmaceutical and corporate clients it serves. Since its establishment in 2007, its focus has been on building a strong Big Data engine and networking capabilities to assist clients in their product investments and sales and marketing strategies. It is now launching various cloud-based systems and platform solutions for its clients and expanding its SaaS products, which are expected to be the key growth driver in future.

Executives

Futu Trustee Limited	2301 Trustee
Shanghai Tianyi Assets Management Co., Ltd	2201 Interest of corporation controlled by you
Yu Rong	2201 Interest of corporation controlled by you
Tianyi (bvi) Limited	2101 Beneficial owner
Shang Hai Xuan Yu Qi Ye Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Rikan Industry Investment Limited Partnership
Wang Lifang	2201 Interest of corporation controlled by you
Wu Yushu	2201 Interest of corporation controlled by you
Wlf Investment Holdings Limited	2101 Beneficial owner
Li Hanxiong	2201 Interest of corporation controlled by you
Montesy Capital Holding Ltd	2101 Beneficial owner
Wu Meirong	2202 Interest of your spouse
Ying Lian You Xian Gong Si	2101 Beneficial owner

Sinohealth Holdings Headlines

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