Shanghai Dongzheng Automotive Finance Co (HKSE:02718) Cash-to-Debt : 75.52 (As of Dec. 2023)

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What is Shanghai Dongzheng Automotive Finance 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. Shanghai Dongzheng Automotive Finance Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 75.52.

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, Shanghai Dongzheng Automotive Finance Co 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 Shanghai Dongzheng Automotive Finance Co's Cash-to-Debt or its related term are showing as below:

HKSE:02718' s Cash-to-Debt Range Over the Past 10 Years
Min: 4.23 Med: 372.14 Max: No Debt
Current: 75.52

During the past 8 years, Shanghai Dongzheng Automotive Finance Co's highest Cash to Debt Ratio was No Debt. The lowest was 4.23. And the median was 372.14.

HKSE:02718's Cash-to-Debt is not ranked
in the Credit Services industry.
Industry Median: 0.23 vs HKSE:02718: 75.52

Shanghai Dongzheng Automotive Finance Co Cash-to-Debt Historical Data

The historical data trend for Shanghai Dongzheng Automotive Finance 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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Shanghai Dongzheng Automotive Finance Co Cash-to-Debt Chart

Shanghai Dongzheng Automotive Finance Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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4.30

4.23

19.06

668.95

75.52

Shanghai Dongzheng Automotive Finance Co Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial									19.06	134.99	668.95	844.72	75.52

Competitive Comparison of Shanghai Dongzheng Automotive Finance Co's Cash-to-Debt

For the Credit Services subindustry, Shanghai Dongzheng Automotive Finance 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.

Shanghai Dongzheng Automotive Finance Co's Cash-to-Debt Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Shanghai Dongzheng Automotive Finance Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Shanghai Dongzheng Automotive Finance Co's Cash-to-Debt falls into.

Shanghai Dongzheng Automotive Finance 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.

Shanghai Dongzheng Automotive Finance 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)
	=	505.531	/	(0	+	6.694)
	=	75.52

Shanghai Dongzheng Automotive Finance Co's Cash to Debt Ratio for the quarter 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)
	=	505.531	/	(0	+	6.694)
	=	75.52

Shanghai Dongzheng Automotive Finance Co (HKSE:02718) 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.

Shanghai Dongzheng Automotive Finance Co Cash-to-Debt Related Terms

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Shanghai Dongzheng Automotive Finance Co (HKSE:02718) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Shanghai Dongzheng Automotive Finance Co Ltd (HKSE:02718) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yao Yuan Road, Pudong New Area, 12th Floor, Building 2, No. 58, Shanghai, CHN

Website

https://www.dongzhengafc.com

Shanghai Dongzheng Automotive Finance Co Ltd is engaged in providing auto finance products and services for the purchase of luxury-brand cars. Its segments include Retail business and Dealer's loan business. The company generates maximum revenue from the Retail business segment. Geographically the group conducts its business in PRC.

Executives

Jpmorgan Chase & Co.	2106 Person having a security interest in shares
Shang Hai Qi Che Ji Tuan Gu Fen You Xian Gong Si	2101 Beneficial owner
Shang Hai Qi Che Gong Ye Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Xingtai Capital Management Limited	2102 Investment manager
Xingtai China Master Fund	2101 Beneficial owner
Pictet Asset Management (singapore) Pte Ltd
Ubs Group Ag	2201 Interest of corporation controlled by you
Canepa Funds Icav Xingtai China Fund	2101 Beneficial owner
Global Precise Assets Limited
Morgan Stanley Capital Management, Llc	2201 Interest of corporation controlled by you
Msdw Investment Holdings (us) Llc	2201 Interest of corporation controlled by you
Morgan Stanley Investments (uk)	2201 Interest of corporation controlled by you
Morgan Stanley International Limited	2201 Interest of corporation controlled by you
Tx Capital (hk) Limited	2102 Investment manager
Morgan Stanley International Incorporated	2201 Interest of corporation controlled by you

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