Zhongliang Holdings Group Co (HKSE:02772) Cash-to-Debt : 0.51 (As of Dec. 2023)

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What is Zhongliang Holdings Group 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. Zhongliang Holdings Group Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.51.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Zhongliang Holdings Group Co couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

HKSE:02772' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.27 Med: 0.5 Max: 0.62
Current: 0.51

During the past 8 years, Zhongliang Holdings Group Co's highest Cash to Debt Ratio was 0.62. The lowest was 0.27. And the median was 0.50.

HKSE:02772's Cash-to-Debt is ranked better than
65.19% of 1787 companies
in the Real Estate industry
Industry Median: 0.25 vs HKSE:02772: 0.51

Zhongliang Holdings Group Co Cash-to-Debt Historical Data

The historical data trend for Zhongliang Holdings Group 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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Zhongliang Holdings Group Co Cash-to-Debt Chart

Zhongliang Holdings Group Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.38

0.49

0.51

0.62

0.51

Zhongliang Holdings Group 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									0.51	0.72	0.62	0.62	0.51

Competitive Comparison of Zhongliang Holdings Group Co's Cash-to-Debt

For the Real Estate - Development subindustry, Zhongliang Holdings Group 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.

Zhongliang Holdings Group Co's Cash-to-Debt Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Zhongliang Holdings Group Co's Cash-to-Debt distribution charts can be found below:

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

Zhongliang Holdings Group Co 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.

Zhongliang Holdings Group Co'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)
	=	11702.889	/	(19746.26	+	3409.012)
	=	0.51

Zhongliang Holdings Group Co'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)
	=	11702.889	/	(19746.26	+	3409.012)
	=	0.51

Zhongliang Holdings Group Co (HKSE:02772) 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.

Zhongliang Holdings Group Co Cash-to-Debt Related Terms

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

Zhongliang Holdings Group Co (HKSE:02772) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Zhongliang Holdings Group Co Ltd (HKSE:02772) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

235 Yunling East Road, No. 3, Shanghai Convention and Exhibition Centre of International Sourcing, 20th Floor, Putuo District, Shanghai, CHN

Website

https://www.zldcgroup.com

Zhongliang Holdings Group Co Ltd is a real estate developer. It specializes in the development of residential properties and has recently started to develop, operate and manage commercial properties. The Group derives its revenue from three business lines, namely sales of properties; management consulting services; and rental income from property leases. The Sale of properties is the key driver of revenue for the group.

Executives

Yang Jian
Changxing International Co., Ltd
Changxing Pte. Ltd.
Liangzhong International Co., Ltd.
Ubs Group Ag	2201 Interest of corporation controlled by you
Xu Xiaoqun	2202 Interest of your spouse
Changxing Pte. Ltd.	2301 Trustee
Liangzhong international co., ltd.	2101 Beneficial owner

Zhongliang Holdings Group Co (HKSE:02772) Headlines

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