LC Logistics (HKSE:02490) Cash-to-Debt : 3.68 (As of Dec. 2023)

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What is LC Logistics 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. LC Logistics's cash to debt ratio for the quarter that ended in Dec. 2023 was 3.68.

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, LC Logistics could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

HKSE:02490' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.04 Med: 2.86 Max: 4.62
Current: 3.68

During the past 4 years, LC Logistics's highest Cash to Debt Ratio was 4.62. The lowest was 1.04. And the median was 2.86.

HKSE:02490's Cash-to-Debt is ranked better than
84.53% of 963 companies
in the Transportation industry
Industry Median: 0.48 vs HKSE:02490: 3.68

LC Logistics Cash-to-Debt Historical Data

The historical data trend for LC Logistics'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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LC Logistics Cash-to-Debt Chart

LC Logistics Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

1.04

2.03

4.62

3.68

LC Logistics Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23
Cash-to-Debt	1.04	2.03	4.62	3.68

Competitive Comparison of LC Logistics's Cash-to-Debt

For the Integrated Freight & Logistics subindustry, LC Logistics'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.

LC Logistics's Cash-to-Debt Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, LC Logistics's Cash-to-Debt distribution charts can be found below:

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

LC Logistics 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.

LC Logistics'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)
	=	233.678	/	(61.082	+	2.402)
	=	3.68

LC Logistics'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)
	=	233.678	/	(61.082	+	2.402)
	=	3.68

LC Logistics (HKSE:02490) 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.

LC Logistics Cash-to-Debt Related Terms

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LC Logistics (HKSE:02490) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » LC Logistics Inc (HKSE:02490) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

9/F, China Stone Building, 37 Hong Kong Middle Road, Shinan District, Shandong Province, Qingdao, CHN

Website

http://www.burnasia.cn

LC Logistics Inc is a company involved in cross-border logistics services. The company provides services cover all major aspects of the cross-border logistics process, including cargo pick-up and sorting, customs clearance, cross-border seaborne transportation, warehouse transit and last-mile delivery.

Executives

Li Yan	2201 Interest of corporation controlled by you
Liu Quanxiang	2201 Interest of corporation controlled by you
Xu Xin	2201 Interest of corporation controlled by you
Grand Sailing Limited	2201 Interest of corporation controlled by you
Lecang Altitude Limited	2101 Beneficial owner
Glorious Sailing Limited	2101 Beneficial owner
Lecang Flourishing Limited	2101 Beneficial owner
Spring Wealth Limited	2201 Interest of corporation controlled by you
Lecang Shining Limited	2101 Beneficial owner
Peace Seaworld Limited	2201 Interest of corporation controlled by you

LC Logistics (HKSE:02490) Headlines

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