Qinhuangdao Port Co (HKSE:03369) Cash-to-Debt : 0.49 (As of Jun. 2024)

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What is Qinhuangdao Port 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. Qinhuangdao Port Co's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.49.

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, Qinhuangdao Port Co couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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

HKSE:03369' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.17 Med: 0.48 Max: 0.93
Current: 0.49

During the past 13 years, Qinhuangdao Port Co's highest Cash to Debt Ratio was 0.93. The lowest was 0.17. And the median was 0.48.

HKSE:03369's Cash-to-Debt is ranked better than
51.77% of 962 companies
in the Transportation industry
Industry Median: 0.46 vs HKSE:03369: 0.49

Qinhuangdao Port Co Cash-to-Debt Historical Data

The historical data trend for Qinhuangdao Port 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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Qinhuangdao Port Co Cash-to-Debt Chart

Qinhuangdao Port Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.46

0.52

0.55

0.70

0.46

Qinhuangdao Port Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															0.93	0.46	0.62	0.49	N/A

Competitive Comparison of Qinhuangdao Port Co's Cash-to-Debt

For the Marine Shipping subindustry, Qinhuangdao Port 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.

Qinhuangdao Port Co's Cash-to-Debt Distribution in the Transportation Industry

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

* The bar in red indicates where Qinhuangdao Port Co's Cash-to-Debt falls into.

Qinhuangdao Port 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.

Qinhuangdao Port 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)
	=	3104.17	/	(1238.126	+	5464.398)
	=	0.46

Qinhuangdao Port Co'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)
	=	3168.739	/	(1376.64	+	5034.035)
	=	0.49

Qinhuangdao Port Co (HKSE:03369) 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.

Qinhuangdao Port Co Cash-to-Debt Related Terms

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

Qinhuangdao Port Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Qinhuangdao Port Co Ltd (HKSE:03369) » Definitions » Cash-to-Debt

Traded in Other Exchanges

QHD:Germany 601326:China

Address

35 Haibin Road, Haigang District, Hebei Province, Qinhuangdao, CHN, 066002

Website

https://www.portqhd.com

Qinhuangdao Port Co Ltd is engaged in the provision of integrated port services for customers. It provides integrated port services including stevedoring, stacking, warehousing, transportation, and logistics services. The company handles various types of cargo mainly including coal, metal ores, oil and liquefied chemicals, containers, general cargoes, and other goods. It also provides value-added services including towing, tallying, and coal blending. The company's whole operations are in China.

Executives

Chang Cheng Ren Shou Bao Xian Gu Fen You Xian Gong Si	2101 Beneficial owner
He Bei Gang Kou Ji Tuan Guo Ji Xiang Gang You Xian Gong Si	2101 Beneficial owner
He Bei Gang Kou Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you

Qinhuangdao Port Co Headlines

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