Ganglong China Property Group (HKSE:06968) Cash-to-Debt : 0.08 (As of Jun. 2024)

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What is Ganglong China Property Group 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. Ganglong China Property Group's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.08.

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, Ganglong China Property Group 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 Ganglong China Property Group's Cash-to-Debt or its related term are showing as below:

HKSE:06968' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.3 Max: 0.72
Current: 0.06

During the past 8 years, Ganglong China Property Group's highest Cash to Debt Ratio was 0.72. The lowest was 0.06. And the median was 0.30.

HKSE:06968's Cash-to-Debt is ranked worse than
80.16% of 1754 companies
in the Real Estate industry
Industry Median: 0.25 vs HKSE:06968: 0.06

Ganglong China Property Group Cash-to-Debt Historical Data

The historical data trend for Ganglong China Property Group'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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Ganglong China Property Group Cash-to-Debt Chart

Ganglong China Property Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash-to-Debt

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0.52

0.24

0.17

0.12

0.06

Ganglong China Property Group Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Cash-to-Debt	Get a 7-Day Free Trial									0.17	0.13	0.12	0.08	0.06

Competitive Comparison of Ganglong China Property Group's Cash-to-Debt

For the Real Estate - Development subindustry, Ganglong China Property Group'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.

Ganglong China Property Group's Cash-to-Debt Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Ganglong China Property Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Ganglong China Property Group's Cash-to-Debt falls into.

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Ganglong China Property Group 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.

Ganglong China Property Group'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)
	=	623.637	/	(3067.661	+	2270.062)
	=	0.12

Ganglong China Property Group'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)
	=	415.997	/	(3542.165	+	1516.769)
	=	0.08

Ganglong China Property Group (HKSE:06968) 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.

Ganglong China Property Group Cash-to-Debt Related Terms

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Ganglong China Property Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Ganglong China Property Group Ltd (HKSE:06968) » Definitions » Cash-to-Debt

Traded in Other Exchanges

52J:Germany

Address

No. 2177 Shenkun Road, No. 11 Building, Hongqiao International Exhibition Center, PortMix South District, Miuhang District, Shanghai, CHN

Website

https://www.glchina.group

Ganglong China Property Group Ltd is an investment holding company engaged in property development. It develops residential, retail, and commercial properties. The majority of its revenue comes from sales of properties in Changzhou city.

Executives

Huaxing Development Co., Ltd.
Hualian Development Co., Ltd.
Hualong Development Co., Ltd.
Chan Mei Kam
Lui Ming
Lui Wing Nam
Wong Sau Suet
Lui Chi Chung Jimmy
Lui Wing Mau
Wong Kwai Fa
Lui Jin Ling

Ganglong China Property Group Headlines

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