Yunhong Guixin Group Holdings (HKSE:08349) Cash-to-Debt : 1.95 (As of Jun. 2024)

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What is Yunhong Guixin Group 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. Yunhong Guixin Group Holdings's cash to debt ratio for the quarter that ended in Jun. 2024 was 1.95.

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, Yunhong Guixin Group Holdings could pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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

HKSE:08349' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 1.03 Max: 33.27
Current: 3.43

During the past 11 years, Yunhong Guixin Group Holdings's highest Cash to Debt Ratio was 33.27. The lowest was 0.01. And the median was 1.03.

HKSE:08349's Cash-to-Debt is ranked better than
76.66% of 1722 companies
in the Construction industry
Industry Median: 0.66 vs HKSE:08349: 3.43

Yunhong Guixin Group Holdings Cash-to-Debt Historical Data

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

Yunhong Guixin Group Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash-to-Debt

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3.31

25.61

1.62

0.98

3.43

Yunhong Guixin Group Holdings Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Jun24	Dec24
Cash-to-Debt	Get a 7-Day Free Trial															1.92	N/A	0.98	1.95	3.43

Competitive Comparison of Yunhong Guixin Group Holdings's Cash-to-Debt

For the Building Products & Equipment subindustry, Yunhong Guixin Group 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.

Yunhong Guixin Group Holdings's Cash-to-Debt Distribution in the Construction Industry

For the Construction industry and Industrials sector, Yunhong Guixin Group Holdings's Cash-to-Debt distribution charts can be found below:

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

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Yunhong Guixin Group 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.

Yunhong Guixin Group 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)
	=	7.944	/	(4.033	+	4.112)
	=	0.98

Yunhong Guixin Group Holdings'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)
	=	16.283	/	(4.022	+	4.345)
	=	1.95

Yunhong Guixin Group Holdings (HKSE:08349) 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.

Yunhong Guixin Group Holdings Cash-to-Debt Related Terms

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

Yunhong Guixin Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Yunhong Guixin Group Holdings Ltd (HKSE:08349) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

66 South Oujiang Road, Haimen ETDZ Nantong, Jiangsu, Haimen, CHN, 226100

Website

http://www.nantongrate.com

Yunhong Guixin Group Holdings Ltd is a manufacturer in the PRC engaged in the research and development, production, and sale of a variety of fiberglass reinforced plastic grating products. Its products consist of FRP grating products; phenolic grating products; and epoxy wedge strip products. The company operates into two segments: fiberglass business that involves research and development, production and sales of fiberglass reinforced plastic products in the PRC; and silica sand business consists sales of industrial silica sand materials in the PRC. Its products are widely applied in industries including petrochemical, electrical, marine engineering, plating, vessel, metallurgy, steel, papermaking, brewing, and municipal industry and are mainly used in the operating platform, and others.

Executives

Li Yubao	2201 Interest of corporation controlled by you
Lf International Pte. Ltd.	2101 Beneficial owner
Huang Xuechao	2101 Beneficial owner
Yan Qixu	2101 Beneficial owner
Wu Dong	2101 Beneficial owner
Yun Hong Ji Tuan Gu Fen You Xian Gong Si	2101 Beneficial owner

Yunhong Guixin Group Holdings Headlines

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