Chaoda Modern Agriculture (Holdings) (Chaoda Modern Agriculture (Holdings)) Cash-to-Debt : 50.14 (As of Dec. 2023)

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What is Chaoda Modern Agriculture (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. Chaoda Modern Agriculture (Holdings)'s cash to debt ratio for the quarter that ended in Dec. 2023 was 50.14.

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, Chaoda Modern Agriculture (Holdings) could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Chaoda Modern Agriculture (Holdings)'s Cash-to-Debt or its related term are showing as below:

CMGHY' s Cash-to-Debt Range Over the Past 10 Years
Min: 9.32 Med: 55.68 Max: No Debt
Current: 50.17

During the past 13 years, Chaoda Modern Agriculture (Holdings)'s highest Cash to Debt Ratio was No Debt. The lowest was 9.32. And the median was 55.68.

CMGHY's Cash-to-Debt is ranked better than
90.29% of 1854 companies
in the Consumer Packaged Goods industry
Industry Median: 0.53 vs CMGHY: 50.17

Chaoda Modern Agriculture (Holdings) Cash-to-Debt Historical Data

The historical data trend for Chaoda Modern Agriculture (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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Chaoda Modern Agriculture (Holdings) Cash-to-Debt Chart

Chaoda Modern Agriculture (Holdings) Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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No Debt

15.12

23.04

56.90

25.60

Chaoda Modern Agriculture (Holdings) Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															54.34	56.90	22.80	25.60	50.14

Competitive Comparison of Chaoda Modern Agriculture (Holdings)'s Cash-to-Debt

For the Farm Products subindustry, Chaoda Modern Agriculture (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.

Chaoda Modern Agriculture (Holdings)'s Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Chaoda Modern Agriculture (Holdings)'s Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Chaoda Modern Agriculture (Holdings)'s Cash-to-Debt falls into.

Chaoda Modern Agriculture (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.

Chaoda Modern Agriculture (Holdings)'s Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	12.851	/	(0.402	+	0.1)
	=	25.60

Chaoda Modern Agriculture (Holdings)'s Cash to Debt Ratio for the quarter 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)
	=	14.891	/	(0.261	+	0.036)
	=	50.14

Chaoda Modern Agriculture (Holdings) (OTCPK:CMGHY) 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.

Chaoda Modern Agriculture (Holdings) Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Chaoda Modern Agriculture (Holdings)'s Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Chaoda Modern Agriculture (Holdings) (Chaoda Modern Agriculture (Holdings)) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Chaoda Modern Agriculture (Holdings) Ltd (OTCPK:CMGHY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CMGHF:USA 00682:Hong Kong CHA:Germany

Address

133 Wan Chai Road, Room B, 21st Floor, Times Media Centre, Wanchai, Hong Kong, HKG

Website

http://www.chaoda.hk.cn

Chaoda Modern Agriculture (Holdings) Ltd operates as an investment holding company, which engages in the production and sale of agricultural products. The company's main businesses include the growing and sales of crops, as well as the breeding and sales of livestock. The firm earns a majority of its revenue from the sales of crops in Hong Kong.

Chaoda Modern Agriculture (Holdings) (Chaoda Modern Agriculture (Holdings)) Headlines

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