Guangdong CHJ Industry Co (SZSE:002345) Cash-to-Debt : 1.22 (As of Mar. 2024)

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What is Guangdong CHJ Industry 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. Guangdong CHJ Industry Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.22.

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, Guangdong CHJ Industry 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 Guangdong CHJ Industry Co's Cash-to-Debt or its related term are showing as below:

SZSE:002345' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.19 Med: 0.67 Max: 1.22
Current: 1.22

During the past 13 years, Guangdong CHJ Industry Co's highest Cash to Debt Ratio was 1.22. The lowest was 0.19. And the median was 0.67.

SZSE:002345's Cash-to-Debt is ranked better than
68.43% of 1096 companies
in the Retail - Cyclical industry
Industry Median: 0.46 vs SZSE:002345: 1.22

Guangdong CHJ Industry Co Cash-to-Debt Historical Data

The historical data trend for Guangdong CHJ Industry 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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Guangdong CHJ Industry Co Cash-to-Debt Chart

Guangdong CHJ Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.62

1.11

0.80

0.90

1.08

Guangdong CHJ Industry 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															1.01	1.04	1.14	1.08	1.22

Competitive Comparison of Guangdong CHJ Industry Co's Cash-to-Debt

For the Luxury Goods subindustry, Guangdong CHJ Industry 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.

Guangdong CHJ Industry Co's Cash-to-Debt Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Guangdong CHJ Industry Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Guangdong CHJ Industry Co's Cash-to-Debt falls into.

Guangdong CHJ Industry 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.

Guangdong CHJ Industry 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)
	=	713.603	/	(433.124	+	226.013)
	=	1.08

Guangdong CHJ Industry 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)
	=	824.337	/	(451.984	+	222.972)
	=	1.22

Guangdong CHJ Industry Co (SZSE:002345) 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.

Guangdong CHJ Industry Co Cash-to-Debt Related Terms

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

Guangdong CHJ Industry Co (SZSE:002345) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Guangdong CHJ Industry Co Ltd (SZSE:002345) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

4th wave, Long Street, Long New Industrial Zone, Shantou, CHN, 515041

Website

http://www.chjchina.com

Guangdong CHJ Industry Co Ltd is engaged in the design, production, and sale of jewellery. The category includes ring, necklace, pendant, stud earring, earring, bracelet, decoration, and gift. The product types of the company include fashion series, weeding series, childlike, and high order series.

Executives

Liao Chuang Bin	Directors, executives
Xu Jun Xiong	Directors, Directors, and Executives
Lin Bin Sheng	Executives
Zheng Chun Sheng	Supervisors
Lin Jun Ping	Directors, executives
Long Hui Mei	Supervisors
Su Xu Dong	Executives
Jing Li Min	Supervisors
Li Gang	Executives
Liao Mu Zhi	Director
Huang Wen Sheng	Executives
Lin Jing Kun	Supervisors

Guangdong CHJ Industry Co (SZSE:002345) Headlines

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