Nanjing Business & Tourism (SHSE:600250) Cash-to-Debt : 0.90 (As of Mar. 2024)

View and export this data going back to 2001. Start your Free Trial

What is Nanjing Business & Tourism 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. Nanjing Business & Tourism's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.90.

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, Nanjing Business & Tourism couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Nanjing Business & Tourism's Cash-to-Debt or its related term are showing as below:

SHSE:600250' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.48 Med: 0.8 Max: 1.33
Current: 0.9

During the past 13 years, Nanjing Business & Tourism's highest Cash to Debt Ratio was 1.33. The lowest was 0.48. And the median was 0.80.

SHSE:600250's Cash-to-Debt is ranked better than
63.8% of 511 companies
in the Conglomerates industry
Industry Median: 0.48 vs SHSE:600250: 0.90

Nanjing Business & Tourism Cash-to-Debt Historical Data

The historical data trend for Nanjing Business & Tourism'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.

* Premium members only.

Nanjing Business & Tourism Cash-to-Debt Chart

Nanjing Business & Tourism Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

1.33

1.00

0.80

0.84

Nanjing Business & Tourism 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															0.84	0.75	0.75	0.84	0.90

Competitive Comparison of Nanjing Business & Tourism's Cash-to-Debt

For the Conglomerates subindustry, Nanjing Business & Tourism'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.

Nanjing Business & Tourism's Cash-to-Debt Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Nanjing Business & Tourism's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Nanjing Business & Tourism's Cash-to-Debt falls into.

Nanjing Business & Tourism 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.

Nanjing Business & Tourism'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)
	=	380.527	/	(292.087	+	161.593)
	=	0.84

Nanjing Business & Tourism'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)
	=	483.845	/	(347.448	+	188.108)
	=	0.90

Nanjing Business & Tourism (SHSE:600250) 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.

Nanjing Business & Tourism Cash-to-Debt Related Terms

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

Nanjing Business & Tourism (SHSE:600250) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Nanjing Business & Tourism Corp Ltd (SHSE:600250) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

No. 18, Xinxinqiao East Street, Qinhuai District, Jiangsu, Nanjing, CHN, 210006

Website

http://www.nantex.com.cn

Nanjing Business & Tourism Corp Ltd Formerly Nanjing Textiles Imp & Exp Corp Ltd is involved in the fields of textiles and garments, electric and machinery, light industry, chemical industry and others, covering over 1000 merchandise. At the same time, the company also engaged in the overseas labor services and economic and technical cooperation activities.

Executives

Xia Shu Ping	Director
Fan Ye	senior management
Li Rui Ping	senior management
Zhang Zhong Ling	senior management
Zhou Guo Qing	Supervisors
Yang Chun Sheng	senior management
Han Yong	Director
Yin Wen Qi	senior management
Tang Jian Guo	senior management
Hu Hai Ge	Director
Dan Xiao Zhong	Director
Yang Jing Cheng	Director
Ding Jie	senior management
Ye Qing	senior management
Xu Xian Min	senior management

Nanjing Business & Tourism (SHSE:600250) Headlines

No Headlines