China Tobacco International (HK) Co (HKSE:06055) Cash-to-Debt : 0.94 (As of Dec. 2023)

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What is China Tobacco International (HK) 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. China Tobacco International (HK) Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.94.

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 Tobacco International (HK) 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 China Tobacco International (HK) Co's Cash-to-Debt or its related term are showing as below:

HKSE:06055' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.85 Med: 59.29 Max: No Debt
Current: 0.94

During the past 8 years, China Tobacco International (HK) Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.85. And the median was 59.29.

HKSE:06055's Cash-to-Debt is ranked better than
52.94% of 51 companies
in the Tobacco Products industry
Industry Median: 0.49 vs HKSE:06055: 0.94

China Tobacco International (HK) Co Cash-to-Debt Historical Data

The historical data trend for China Tobacco International (HK) 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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China Tobacco International (HK) Co Cash-to-Debt Chart

China Tobacco International (HK) Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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54.56

64.02

1.26

0.85

0.94

China Tobacco International (HK) 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									1.26	0.96	0.85	0.93	0.94

Competitive Comparison of China Tobacco International (HK) Co's Cash-to-Debt

For the Tobacco subindustry, China Tobacco International (HK) 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.

China Tobacco International (HK) Co's Cash-to-Debt Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, China Tobacco International (HK) Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where China Tobacco International (HK) Co's Cash-to-Debt falls into.

China Tobacco International (HK) 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.

China Tobacco International (HK) 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)
	=	2331.956	/	(2489.626	+	0.537)
	=	0.94

China Tobacco International (HK) 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)
	=	2331.956	/	(2489.626	+	0.537)
	=	0.94

China Tobacco International (HK) Co (HKSE:06055) 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 Tobacco International (HK) Co Cash-to-Debt Related Terms

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China Tobacco International (HK) Co (HKSE:06055) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » China Tobacco International (HK) Co Ltd (HKSE:06055) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 Hung Leun Road, China Life Center, Room 1002, 10th Floor, Tower A, One Harbour Gate, Hung Hom, Kowloon, Hong Kong, HKG

Website

http://www.ctihk.com.hk

China Tobacco International (HK) Co Ltd is engaged in the tobacco business. It operates through the following segments: Tobacco Leaf Products Export Business, the Tobacco Leaf Product Import Business, the Cigarettes Export Business, and New Tobacco Product Export Business. The company's geographical segments are China (excluding the SARs), Indonesia, Hong Kong, Philippines, Vietnam, Singapore, Thailand, and others.

China Tobacco International (HK) Co (HKSE:06055) Headlines

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