Kexin Development Co Shanxi (SHSE:600234) Cash-to-Debt : 12.94 (As of Mar. 2024)

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What is Kexin Development Co Shanxi 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. Kexin Development Co Shanxi's cash to debt ratio for the quarter that ended in Mar. 2024 was 12.94.

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, Kexin Development Co Shanxi could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Kexin Development Co Shanxi's Cash-to-Debt or its related term are showing as below:

SHSE:600234' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 1.93 Max: No Debt
Current: 12.94

During the past 13 years, Kexin Development Co Shanxi's highest Cash to Debt Ratio was No Debt. The lowest was 0.02. And the median was 1.93.

SHSE:600234's Cash-to-Debt is ranked better than
76.84% of 1032 companies
in the Media - Diversified industry
Industry Median: 1.25 vs SHSE:600234: 12.94

Kexin Development Co Shanxi Cash-to-Debt Historical Data

The historical data trend for Kexin Development Co Shanxi'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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Kexin Development Co Shanxi Cash-to-Debt Chart

Kexin Development Co Shanxi Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

2.96

15.79

45.11

13.52

Kexin Development Co Shanxi Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															76.84	254.92	24.94	13.52	12.94

Competitive Comparison of Kexin Development Co Shanxi's Cash-to-Debt

For the Advertising Agencies subindustry, Kexin Development Co Shanxi'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.

Kexin Development Co Shanxi's Cash-to-Debt Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Kexin Development Co Shanxi's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Kexin Development Co Shanxi's Cash-to-Debt falls into.

Kexin Development Co Shanxi 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.

Kexin Development Co Shanxi'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)
	=	72.111	/	(2.09	+	3.243)
	=	13.52

Kexin Development Co Shanxi's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	59.9	/	(1.709	+	2.92)
	=	12.94

Kexin Development Co Shanxi (SHSE:600234) 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.

Kexin Development Co Shanxi Cash-to-Debt Related Terms

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

Kexin Development Co Shanxi (SHSE:600234) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Kexin Development Co Ltd Shanxi (SHSE:600234) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

No. 289 Yingze Street, Shanxi Province, Taiyuan, CHN, 030001

Website

Guanghe Landscape Culture Communication Co Ltd is engaged in cultural event planning; cultural communication planning; corporate image planning; investment in theme parks and tourism cultural projects, cultural performance projects, cinema lines, book publishing publications with own funds; painting and calligraphy art creation and display.

Executives

Chen Fu Xing	Director
Wang Tie Sheng	senior management

Kexin Development Co Shanxi (SHSE:600234) Headlines

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