Sichuan Hexie Shuangma Co (SZSE:000935) Cash-to-Debt : 57.00 (As of Mar. 2024)

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What is Sichuan Hexie Shuangma 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. Sichuan Hexie Shuangma Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 57.00.

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, Sichuan Hexie Shuangma Co 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 Sichuan Hexie Shuangma Co's Cash-to-Debt or its related term are showing as below:

SZSE:000935' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.1 Med: 8.17 Max: No Debt
Current: 57

During the past 13 years, Sichuan Hexie Shuangma Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.10. And the median was 8.17.

SZSE:000935's Cash-to-Debt is ranked better than
59.34% of 1456 companies
in the Asset Management industry
Industry Median: 5.605 vs SZSE:000935: 57.00

Sichuan Hexie Shuangma Co Cash-to-Debt Historical Data

The historical data trend for Sichuan Hexie Shuangma 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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Sichuan Hexie Shuangma Co Cash-to-Debt Chart

Sichuan Hexie Shuangma Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

27.05

27.00

11.64

60.41

Sichuan Hexie Shuangma Co 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															14.67	16.62	16.53	60.41	57.00

Competitive Comparison of Sichuan Hexie Shuangma Co's Cash-to-Debt

For the Asset Management subindustry, Sichuan Hexie Shuangma 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.

Sichuan Hexie Shuangma Co's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Sichuan Hexie Shuangma Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Sichuan Hexie Shuangma Co's Cash-to-Debt falls into.

Sichuan Hexie Shuangma 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.

Sichuan Hexie Shuangma 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)
	=	1282.035	/	(15.778	+	5.444)
	=	60.41

Sichuan Hexie Shuangma Co'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)
	=	1103.284	/	(14.55	+	4.806)
	=	57.00

Sichuan Hexie Shuangma Co (SZSE:000935) 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.

Sichuan Hexie Shuangma Co Cash-to-Debt Related Terms

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

Sichuan Hexie Shuangma Co (SZSE:000935) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Sichuan Hexie Shuangma Co Ltd (SZSE:000935) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Erlangmiao Town, Sichuan Province, Jiangyou, CHN, 610000

Website

http://www.sc-shuangma.com

Sichuan Hexie Shuangma Co Ltd is engaged in industrial investment and equity investment fund management. The company mainly manages assets including building materials manufacturing enterprises and equity investment fund management companies. Its building materials manufacturing enterprise business includes the production and sales of cement products and construction aggregates.

Executives

Feng Tao	Executives
Xie Jin Hua	Supervisors
Wang Qiao	Director
Li Feng Li	Supervisors
Zhang Yan Xue	Director

Sichuan Hexie Shuangma Co (SZSE:000935) Headlines

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