Zhongshi Minan Holdings (HKSE:08283) Cash-to-Debt : 2.08 (As of Dec. 2023)

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What is Zhongshi Minan 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. Zhongshi Minan Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 2.08.

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, Zhongshi Minan Holdings could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Zhongshi Minan Holdings's Cash-to-Debt or its related term are showing as below:

HKSE:08283' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.19 Med: 1.09 Max: 3.53
Current: 2.08

During the past 10 years, Zhongshi Minan Holdings's highest Cash to Debt Ratio was 3.53. The lowest was 0.19. And the median was 1.09.

HKSE:08283's Cash-to-Debt is ranked better than
72.64% of 1301 companies
in the Vehicles & Parts industry
Industry Median: 0.58 vs HKSE:08283: 2.08

Zhongshi Minan Holdings Cash-to-Debt Historical Data

The historical data trend for Zhongshi Minan 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.

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Zhongshi Minan Holdings Cash-to-Debt Chart

Zhongshi Minan Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.19

0.37

1.35

1.47

2.08

Zhongshi Minan Holdings 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															1.47	N/A	2.32	N/A	2.08

Competitive Comparison of Zhongshi Minan Holdings's Cash-to-Debt

For the Auto Parts subindustry, Zhongshi Minan 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.

Zhongshi Minan Holdings's Cash-to-Debt Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Zhongshi Minan Holdings's Cash-to-Debt distribution charts can be found below:

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

Zhongshi Minan Holdings 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.

Zhongshi Minan Holdings'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)
	=	26.576	/	(3.635	+	9.128)
	=	2.08

Zhongshi Minan Holdings'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)
	=	26.576	/	(3.635	+	9.128)
	=	2.08

Zhongshi Minan Holdings (HKSE:08283) 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.

Zhongshi Minan Holdings Cash-to-Debt Related Terms

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

Zhongshi Minan Holdings (HKSE:08283) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Zhongshi Minan Holdings Ltd (HKSE:08283) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

176 Sin Ming Drive, No. 01-15 Sin Ming Autocare, Singapore, SGP, 575721

Website

http://www.zhongshiminanholdings.com

Zhongshi Minan Holdings Ltd is an automotive service provider. The company's operating segments are Maintenance and repair service segment that relates to the repair of manufacturer's defects, replacement of parts due to wear and tear, or repair of damage resulting from accidents, and The Modification, tuning and grooming services and trading of spare parts and accessories segment which relates to the modification, tuning, and grooming of the performance or appearance of passenger cars and the trading of spare parts and accessories and others segment which consists of the provision of motor finance services and trading of the passenger cars. It generates a majority of its revenue from the Maintenance and repair services segment. Geographically, it derives maximum revenue from Singapore.

Executives

Wang Lei	2101 Beneficial owner
Li Li Dan	2202 Interest of your spouse
Wang Lei	2101 Beneficial owner
Han Mei	2202 Interest of your spouse
Li Jie	2101 Beneficial owner

Zhongshi Minan Holdings (HKSE:08283) Headlines

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