China New Consumption Group (HKSE:08275) Cash-to-Debt : 7.28 (As of Sep. 2023)

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What is China New Consumption 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. China New Consumption Group's cash to debt ratio for the quarter that ended in Sep. 2023 was 7.28.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, China New Consumption Group could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

The historical rank and industry rank for China New Consumption Group's Cash-to-Debt or its related term are showing as below:

HKSE:08275' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.08 Med: 0.36 Max: 7.28
Current: 7.28

During the past 8 years, China New Consumption Group's highest Cash to Debt Ratio was 7.28. The lowest was 0.08. And the median was 0.36.

HKSE:08275's Cash-to-Debt is ranked better than
83.86% of 1648 companies
in the Construction industry
Industry Median: 0.61 vs HKSE:08275: 7.28

China New Consumption Group Cash-to-Debt Historical Data

The historical data trend for China New Consumption 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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China New Consumption Group Cash-to-Debt Chart

China New Consumption Group Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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0.54

0.12

0.21

0.27

1.63

China New Consumption Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															2.42	N/A	1.63	N/A	7.28

Competitive Comparison of China New Consumption Group's Cash-to-Debt

For the Engineering & Construction subindustry, China New Consumption 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.

China New Consumption Group's Cash-to-Debt Distribution in the Construction Industry

For the Construction industry and Industrials sector, China New Consumption Group's Cash-to-Debt distribution charts can be found below:

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

China New Consumption 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.

China New Consumption Group's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	12.165	/	(4.273	+	3.197)
	=	1.63

China New Consumption Group's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	42.619	/	(3.677	+	2.176)
	=	7.28

China New Consumption Group (HKSE:08275) 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 New Consumption Group Cash-to-Debt Related Terms

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China New Consumption Group (HKSE:08275) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » China New Consumption Group Ltd (HKSE:08275) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

16-26 Kwai Tak Street, Room 1204, 12th Floor, Block 2, Golden Industrial Building, Kwai Chung, New Territories, Hong Kong, HKG

Website

http://www.tfcel.com.hk

China New Consumption Group Ltd is a subcontractor primarily engaged in the foundation business in Hong Kong. It offers specialized foundation works, mainly the removal of pre-existing foundations or obstructing piles for urban renewal or railway projects. Geographically, it has a business presence in Hong Kong and Macau, of which key revenue is generated in Hong Kong. The group derives revenue from the construction contract, ancillary services, and machinery rental income.

Executives

Wong Fei Heung Terbe	2201 Interest of corporation controlled by you
Goldstone Wealth Management Limited	2101 Beneficial owner
Goldstone 1 Lpf	2101 Beneficial owner
Lam Yu Chor Paul	2201 Interest of corporation controlled by you
Success Run International Limited	2101 Beneficial owner
Tai Pik Yeung Tyler	2101 Beneficial owner
China New Economy Fund Limited	2101 Beneficial owner

China New Consumption Group (HKSE:08275) Headlines

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