Guotai Junan Securities Co (HKSE:02611) Cash-to-Debt : 2.01 (As of Mar. 2024)

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What is Guotai Junan Securities 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. Guotai Junan Securities Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 2.01.

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, Guotai Junan Securities Co could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Guotai Junan Securities Co's Cash-to-Debt or its related term are showing as below:

HKSE:02611' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.71 Med: 1.81 Max: 2.24
Current: 2.01

During the past 13 years, Guotai Junan Securities Co's highest Cash to Debt Ratio was 2.24. The lowest was 0.71. And the median was 1.81.

HKSE:02611's Cash-to-Debt is ranked better than
50.19% of 773 companies
in the Capital Markets industry
Industry Median: 1.98 vs HKSE:02611: 2.01

Guotai Junan Securities Co Cash-to-Debt Historical Data

The historical data trend for Guotai Junan Securities 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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Guotai Junan Securities Co Cash-to-Debt Chart

Guotai Junan Securities Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.96

1.81

1.78

2.06

1.82

Guotai Junan Securities Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															1.95	1.91	1.83	1.82	2.01

Competitive Comparison of Guotai Junan Securities Co's Cash-to-Debt

For the Capital Markets subindustry, Guotai Junan Securities 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.

Guotai Junan Securities Co's Cash-to-Debt Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Guotai Junan Securities Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Guotai Junan Securities Co's Cash-to-Debt falls into.

Guotai Junan Securities Co Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents 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.

Guotai Junan Securities Co's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	357158.365	/	(0	+	195986.725)
	=	1.82

Guotai Junan Securities Co's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	374060.331	/	(0	+	186305.787)
	=	2.01

Guotai Junan Securities Co (HKSE:02611) 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.

Guotai Junan Securities Co Cash-to-Debt Related Terms

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

Guotai Junan Securities Co (HKSE:02611) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Guotai Junan Securities Co Ltd (HKSE:02611) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

601211:China

Address

No. 768 Nanjing West Road, Guotai Junan Mansion, Jingan District, Shanghai, CHN, 200041

Website

https://www.gtja.com

Guotai Junan Securities Co Ltd is engaged in providing brokerage services, corporate finance, asset management services, and loans and financing services. Its segments include wealth management, investment banking, institutional and trading, investment management, international business and other segments. The company derives most of its revenue from the institutional and trading segment which consists of research, institutional brokerage, trading and investment; and equity investment.

Executives

A9 Usd (feeder) L.p.	2201 Interest of corporation controlled by you
Ward Jacqueline Mary Le Maitre	2301 Trustee
Guille Andrew William	2301 Trustee
Diamond Holding Sarl	2201 Interest of corporation controlled by you
Diamond Acquisitionco Sarl	2101 Beneficial owner
Apax Ix Usd L.p.	2201 Interest of corporation controlled by you
Apax Ix Usd Gp L.p. Inc.	2201 Interest of corporation controlled by you
Apax Ix Gp Co. Limited	2201 Interest of corporation controlled by you
Apax Guernsey (holdco) Pcc Limited	2201 Interest of corporation controlled by you
Sihchong Kong Investment Holdings Limited	2101 Beneficial owner
Shang Hai Ning Quan Zi Chan Guan Li You Xian Gong Si	2102 Investment manager
Shang Hai Guo Ji Ji Tuan You Xian Gong Si	2101 Beneficial owner
Shang Hai Guo You Zi Chan Jing Ying You Xian Gong Si	2101 Beneficial owner
New China Asset Management Company Limited	2201 Interest of corporation controlled by you
New China Life Insurance Company Ltd.	2501 Other

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