China Success Finance Group Holdings (HKSE:03623) Cash-to-Debt : 0.48 (As of Dec. 2023)

View and export this data going back to 2013. Start your Free Trial

What is China Success Finance Group Holdings 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. China Success Finance Group Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.48.

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, China Success Finance Group Holdings 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 China Success Finance Group Holdings's Cash-to-Debt or its related term are showing as below:

HKSE:03623' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.48 Med: 3.74 Max: No Debt
Current: 0.48

During the past 12 years, China Success Finance Group Holdings's highest Cash to Debt Ratio was No Debt. The lowest was 0.48. And the median was 3.74.

HKSE:03623's Cash-to-Debt is ranked worse than
64.07% of 540 companies
in the Diversified Financial Services industry
Industry Median: 5.48 vs HKSE:03623: 0.48

China Success Finance Group Holdings Cash-to-Debt Historical Data

The historical data trend for China Success Finance Group Holdings'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.

* Premium members only.

China Success Finance Group Holdings Cash-to-Debt Chart

China Success Finance Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

3.46

1.25

0.72

0.82

0.48

China Success Finance Group Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.72	0.59	0.82	0.66	0.48

Competitive Comparison of China Success Finance Group Holdings's Cash-to-Debt

For the Financial Conglomerates subindustry, China Success Finance Group Holdings'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.

China Success Finance Group Holdings's Cash-to-Debt Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, China Success Finance Group Holdings's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where China Success Finance Group Holdings's Cash-to-Debt falls into.

China Success Finance Group Holdings 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.

China Success Finance Group Holdings'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)
	=	91.396	/	(0	+	190.524)
	=	0.48

China Success Finance Group Holdings'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)
	=	91.396	/	(0	+	190.524)
	=	0.48

China Success Finance Group Holdings (HKSE:03623) 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.

China Success Finance Group Holdings Cash-to-Debt Related Terms

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

China Success Finance Group Holdings (HKSE:03623) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » China Success Finance Group Holdings Ltd (HKSE:03623) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

28 Queen’s Road East, 604 6th Floor, Tesbury Centre, Wanchai, Hong Kong, HKG

Website

https://www.chinasuccessfinance.com

China Success Finance Group Holdings Ltd is an investment holding company. It is a guaranteed service provider offering financial and non-financial guarantee services, financial leasing, and financial consultancy services in China. The company's diversified business lines include asset management, fund management, investment and mergers and acquisitions, financial leasing, financing guarantee, overseas investment Capital, real estate finance, and microfinance The group operates two business segments: Financial services and Yangmianshan. The main business of Yangmianshan is sales of market hogs in the PRC business. The business operations of the company are carried out principally in the PRC.

China Success Finance Group Holdings (HKSE:03623) Headlines

No Headlines