Dafeng Port Heshun Technology Co (HKSE:08310) Cash-to-Debt : 0.23 (As of Dec. 2023)

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What is Dafeng Port Heshun Technology 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. Dafeng Port Heshun Technology Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.23.

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, Dafeng Port Heshun Technology 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 Dafeng Port Heshun Technology Co's Cash-to-Debt or its related term are showing as below:

HKSE:08310' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.1 Max: 14.63
Current: 0.23

During the past 12 years, Dafeng Port Heshun Technology Co's highest Cash to Debt Ratio was 14.63. The lowest was 0.03. And the median was 0.10.

HKSE:08310's Cash-to-Debt is ranked worse than
68.36% of 967 companies
in the Transportation industry
Industry Median: 0.49 vs HKSE:08310: 0.23

Dafeng Port Heshun Technology Co Cash-to-Debt Historical Data

The historical data trend for Dafeng Port Heshun Technology 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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Dafeng Port Heshun Technology Co Cash-to-Debt Chart

Dafeng Port Heshun Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.07

0.04

0.06

0.03

0.23

Dafeng Port Heshun Technology Co 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															0.03	N/A	0.04	N/A	0.23

Competitive Comparison of Dafeng Port Heshun Technology Co's Cash-to-Debt

For the Integrated Freight & Logistics subindustry, Dafeng Port Heshun Technology 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.

Dafeng Port Heshun Technology Co's Cash-to-Debt Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Dafeng Port Heshun Technology Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Dafeng Port Heshun Technology Co's Cash-to-Debt falls into.

Dafeng Port Heshun Technology 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.

Dafeng Port Heshun Technology 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)
	=	158.274	/	(473.409	+	209.477)
	=	0.23

Dafeng Port Heshun Technology 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)
	=	158.274	/	(473.409	+	209.477)
	=	0.23

Dafeng Port Heshun Technology Co (HKSE:08310) 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.

Dafeng Port Heshun Technology Co Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Dafeng Port Heshun Technology Co's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Dafeng Port Heshun Technology Co (HKSE:08310) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Dafeng Port Heshun Technology Co Ltd (HKSE:08310) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

33 Wang Chiu Road, Unit 1009, Exchange Tower, Kowloon Bay, Kowloon, HKG

Website

http://dfport.com.hk

Dafeng Port Heshun Technology Co Ltd is engaged in the trading and import and export businesses of electronic products, petrochemical products, and other products. The company operates through Integrated logistics handling services, Petrochemical products storage business and trading business.

Executives

Jiang Su Yan Cheng Gang Kong Gu Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Yan Cheng Shi Ren Min Zheng Fu	2201 Interest of corporation controlled by you
Jiang Wen	2101 Beneficial owner
Li Qiuhua	2202 Interest of your spouse
Dafeng Port Overseas Investment Holdings Limited	2101 Beneficial owner
Da Feng Qu Ren Min Zheng Fu	2201 Interest of corporation controlled by you
Jiang Su Da Feng Hai Gang Kong Gu Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you

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