Autostreets Development (HKSE:02443) Cash-to-Debt : 6.60 (As of Jun. 2024)

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What is Autostreets Development 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. Autostreets Development's cash to debt ratio for the quarter that ended in Jun. 2024 was 6.60.

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, Autostreets Development 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 Autostreets Development's Cash-to-Debt or its related term are showing as below:

HKSE:02443' s Cash-to-Debt Range Over the Past 10 Years
Min: 3.53 Med: 5.3 Max: 6.81
Current: 5.26

During the past 4 years, Autostreets Development's highest Cash to Debt Ratio was 6.81. The lowest was 3.53. And the median was 5.30.

HKSE:02443's Cash-to-Debt is ranked better than
82.42% of 1308 companies
in the Vehicles & Parts industry
Industry Median: 0.55 vs HKSE:02443: 5.26

Autostreets Development Cash-to-Debt Historical Data

The historical data trend for Autostreets Development'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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Autostreets Development Cash-to-Debt Chart

Autostreets Development Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Cash-to-Debt

3.53

4.01

6.81

5.26

Autostreets Development Semi-Annual Data
	Dec21	Dec22	Jun23	Dec23	Jun24	Dec24
Cash-to-Debt	Get a 7-Day Free Trial			4.01	N/A	6.81	6.60	5.26

Competitive Comparison of Autostreets Development's Cash-to-Debt

For the Auto & Truck Dealerships subindustry, Autostreets Development'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.

Autostreets Development's Cash-to-Debt Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Autostreets Development's Cash-to-Debt distribution charts can be found below:

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

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Autostreets Development 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.

Autostreets Development'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)
	=	1026.994	/	(92.186	+	58.716)
	=	6.81

Autostreets Development'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)
	=	1042.094	/	(107.819	+	50.092)
	=	6.60

Autostreets Development (HKSE:02443) 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.

Autostreets Development Cash-to-Debt Related Terms

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Autostreets Development Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Autostreets Development Ltd (HKSE:02443) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Zhenbei Road, No. 2251, 6th Floor, Kailong Center, Putuo District, Shanghai, CHN

Website

http://www.autostreets.com

Autostreets Development Ltd is engaged in used vehicle transaction service provider. It connects used vehicle buyers and sellers through its transaction platform in two auction formats, namely online-offline integrated auction and online auction. It had 79 auction sites located in 74 cities and offered offline services in 317 cities across China. It generates all of its revenues from PRC China.

Executives

Guang Hui Qi Che Fu Wu Ji Tuan Gu Fen Gong Si Guang Hui Qi Che Fu Wu Gu Fen Gong Si	2201 Interest of corporation controlled by you
World Key Investment Trading Limited	2101 Beneficial owner
Yang Hansong	2201 Interest of corporation controlled by you
Yang Aihua	2307 Founder of a discretionary trust who can infl
Extensive Prosperous Investments Limited	2101 Beneficial owner
Extensive Success Holding Limited	2201 Interest of corporation controlled by you
Orient Rich Investment Development Limited	2201 Interest of corporation controlled by you
Tmf (cayman) Ltd.	2301 Trustee
Han Zhuoheng	2201 Interest of corporation controlled by you
Zhuoheng Holding Limited	2101 Beneficial owner
China Grand Automotive Services Group Co., Ltd.	2201 Interest of corporation controlled by you
Cox Automotive, Inc.	2201 Interest of corporation controlled by you
Cox Enterprises, Inc.	2201 Interest of corporation controlled by you
Manheim Investments, Inc.	2101 Beneficial owner

Autostreets Development Headlines

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