Ziyuanyuan Holdings Group (HKSE:08223) Cash-to-Debt : 0.75 (As of Dec. 2023)

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What is Ziyuanyuan Holdings 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. Ziyuanyuan Holdings Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.75.

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

HKSE:08223' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.75 Max: No Debt
Current: 0.75

During the past 9 years, Ziyuanyuan Holdings Group's highest Cash to Debt Ratio was No Debt. The lowest was 0.06. And the median was 0.75.

HKSE:08223's Cash-to-Debt is ranked better than
64.75% of 505 companies
in the Credit Services industry
Industry Median: 0.25 vs HKSE:08223: 0.75

Ziyuanyuan Holdings Group Cash-to-Debt Historical Data

The historical data trend for Ziyuanyuan Holdings 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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Ziyuanyuan Holdings Group Cash-to-Debt Chart

Ziyuanyuan Holdings Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.31

0.76

0.34

0.06

0.75

Ziyuanyuan Holdings Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.06	N/A	0.10	N/A	0.75

Competitive Comparison of Ziyuanyuan Holdings Group's Cash-to-Debt

For the Credit Services subindustry, Ziyuanyuan Holdings 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.

Ziyuanyuan Holdings Group's Cash-to-Debt Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Ziyuanyuan Holdings Group's Cash-to-Debt distribution charts can be found below:

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

Ziyuanyuan Holdings 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.

Ziyuanyuan Holdings 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)
	=	118.413	/	(117.215	+	39.912)
	=	0.75

Ziyuanyuan Holdings Group'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)
	=	118.413	/	(117.215	+	39.912)
	=	0.75

Ziyuanyuan Holdings Group (HKSE:08223) 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.

Ziyuanyuan Holdings Group Cash-to-Debt Related Terms

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

Ziyuanyuan Holdings Group (HKSE:08223) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Ziyuanyuan Holdings Group Ltd (HKSE:08223) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 198 Daxin Road, 10th Floor, Block A, Majialong Innovation Building, Nanshan District, Shenzhen, CHN

Website

https://www.ziyygroup.com

Ziyuanyuan Holdings Group Ltd is principally engaged in the provision of medical equipment finance leasing services and maternal and child postpartum care industry services in the PRC. The segments of the group are Finance leasing, Postpartum care service and Trading of medical equipment and consumables. Geographically, it derives revenue from the PRC.

Ziyuanyuan Holdings Group (HKSE:08223) Headlines

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