Xinji Shaxi Group Co (HKSE:03603) Cash-to-Debt : 0.47 (As of Dec. 2023)

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What is Xinji Shaxi 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. Xinji Shaxi Group Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.47.

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, Xinji Shaxi 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 Xinji Shaxi Group Co's Cash-to-Debt or its related term are showing as below:

HKSE:03603' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.25 Max: 0.47
Current: 0.47

During the past 8 years, Xinji Shaxi Group Co's highest Cash to Debt Ratio was 0.47. The lowest was 0.01. And the median was 0.25.

HKSE:03603's Cash-to-Debt is ranked better than
63.62% of 1795 companies
in the Real Estate industry
Industry Median: 0.25 vs HKSE:03603: 0.47

Xinji Shaxi Group Co Cash-to-Debt Historical Data

The historical data trend for Xinji Shaxi 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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Xinji Shaxi Group Co Cash-to-Debt Chart

Xinji Shaxi Group Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.36

0.23

0.28

0.35

0.47

Xinji Shaxi Group Co Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial								0.28	0.28	0.35	0.41	0.47

Competitive Comparison of Xinji Shaxi Group Co's Cash-to-Debt

For the Real Estate Services subindustry, Xinji Shaxi 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.

Xinji Shaxi Group Co's Cash-to-Debt Distribution in the Real Estate Industry

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

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

Xinji Shaxi 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.

Xinji Shaxi 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)
	=	561.121	/	(238.503	+	959.516)
	=	0.47

Xinji Shaxi 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)
	=	561.121	/	(238.503	+	959.516)
	=	0.47

Xinji Shaxi Group Co (HKSE:03603) 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.

Xinji Shaxi Group Co Cash-to-Debt Related Terms

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Xinji Shaxi Group Co (HKSE:03603) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Xinji Shaxi Group Co Ltd (HKSE:03603) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

136–138 Austin Road, 3/F Golden Gate Commercial Building, Rooms 301–303, Tsim Sha Tsui, Kowloon, HKG

Website

https://www.xjsx.net.cn

Xinji Shaxi Group Co Ltd is engaged in managing owned and leased portfolio shopping mall which derives revenue from leasing floor areas to the tenants and providing comprehensive and continuous operation and management support to them in the PRC. It operates and manages hospitality supplies and home furnishing shopping malls, exhibition management services, and online shopping malls. The company has two operating segments which are Property leasing and Property management services of which it generates the majority of its revenue from Property leasing. Geographically the company operates in Hong Kong and the People's Republic of China.

Executives

Huang Wanyi
Mei Zuoting
Weixin Development Overseas Limited
Zhang Weixin
Zuoting Investment Limited
Cheung Hon Chuen
Honchuen Investment Limited
Lin Yi	2201 Interest of corporation controlled by you
Al Capital Holdings International Pte. Ltd.	2201 Interest of corporation controlled by you
Straits Universal Limited	2201 Interest of corporation controlled by you
Al Capital Funds Vcc For A/c Of Al Capital Global Opportunities Fund	2102 Investment manager
Honchuen Investment Limited	2101 Beneficial owner
Zhanpeng Investment (hongkong) Company Limited	2101 Beneficial owner
Huiqun Investment Limited	2101 Beneficial owner

Xinji Shaxi Group Co (HKSE:03603) Headlines

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