China Yongda Automobiles Services Holdings (FRA:1CY) Cash-to-Debt : 0.37 (As of Jun. 2023)

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What is China Yongda Automobiles Services 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. China Yongda Automobiles Services Holdings's cash to debt ratio for the quarter that ended in Jun. 2023 was 0.37.

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, China Yongda Automobiles Services Holdings couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

The historical rank and industry rank for China Yongda Automobiles Services Holdings's Cash-to-Debt or its related term are showing as below:

FRA:1CY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.15 Med: 0.23 Max: 0.53
Current: 0.4

During the past 13 years, China Yongda Automobiles Services Holdings's highest Cash to Debt Ratio was 0.53. The lowest was 0.15. And the median was 0.23.

FRA:1CY's Cash-to-Debt is ranked worse than
58.51% of 1292 companies
in the Vehicles & Parts industry
Industry Median: 0.56 vs FRA:1CY: 0.40

China Yongda Automobiles Services Holdings Cash-to-Debt Historical Data

The historical data trend for China Yongda Automobiles Services 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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China Yongda Automobiles Services Holdings Cash-to-Debt Chart

China Yongda Automobiles Services Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.18

0.32

0.33

0.46

0.40

China Yongda Automobiles Services 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															0.33	0.53	0.46	0.37	0.40

Competitive Comparison of China Yongda Automobiles Services Holdings's Cash-to-Debt

For the Auto & Truck Dealerships subindustry, China Yongda Automobiles Services 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.

China Yongda Automobiles Services Holdings's Cash-to-Debt Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, China Yongda Automobiles Services Holdings's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where China Yongda Automobiles Services Holdings's Cash-to-Debt falls into.

China Yongda Automobiles Services 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.

China Yongda Automobiles Services Holdings's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	340.492	/	(396.929	+	350.511)
	=	0.46

China Yongda Automobiles Services Holdings's Cash to Debt Ratio for the quarter 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)
	=	242.151	/	(310.333	+	347.906)
	=	0.37

China Yongda Automobiles Services Holdings (FRA:1CY) 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.

China Yongda Automobiles Services Holdings Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of China Yongda Automobiles Services Holdings's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

China Yongda Automobiles Services Holdings (FRA:1CY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » China Yongda Automobiles Services Holdings Ltd (FRA:1CY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CYYHF:USA 03669:Hong Kong

Address

The Center, 99 Queen’s Road Central, Unit 5708, 57th Floor, Central, Hong Kong, HKG

Website

http://www.ydauto.com.cn

China Yongda Automobiles Services Holdings Ltd is a Chinese company involved in automobile sales service, automobile finance, and automobile rental. The company's reportable segments are as follows, 1) Passenger vehicle sales and services which includes the sale of passenger vehicles and provision of after-sales services, including repair and maintenance services, certain auxiliary passenger vehicles sales-related services and provision of other passenger vehicles-related services; and 2) Automobile operating lease services. The majority of the company's revenue is earned through the Passenger vehicle sales and services segment.

China Yongda Automobiles Services Holdings (FRA:1CY) Headlines

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