XiangXing International Holding (HKSE:01732) Cash-to-Debt

: 52.91 (As of Jun. 2023)

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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. XiangXing International Holding's cash to debt ratio for the quarter that ended in Jun. 2023 was 52.91.

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, XiangXing International Holding could pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

The historical rank and industry rank for XiangXing International Holding's Cash-to-Debt or its related term are showing as below:

HKSE:01732' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.56 Med: 33.31 Max: No Debt
Current: 35.51

During the past 10 years, XiangXing International Holding's highest Cash to Debt Ratio was No Debt. The lowest was 1.56. And the median was 33.31.

HKSE:01732's Cash-to-Debt is ranked better than
93.8% of 968 companies
in the Transportation industry
Industry Median: 0.49 vs HKSE:01732: 35.51

XiangXing International Holding Cash-to-Debt Historical Data

The historical data trend for XiangXing International Holding'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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XiangXing International Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

7.14

2.49

1.95

3.05

35.51

XiangXing International Holding Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt														1.95	1.56	3.05	52.91	35.51

Competitive Comparison

For the Integrated Freight & Logistics subindustry, XiangXing International Holding'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.

XiangXing International Holding Cash-to-Debt Distribution

For the Transportation industry and Industrials sector, XiangXing International Holding's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where XiangXing International Holding's Cash-to-Debt falls into.

XiangXing International Holding 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.

XiangXing International Holding'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)
	=	31.514	/	(9.382	+	0.956)
	=	3.05

XiangXing International Holding'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)
	=	61.11	/	(0.448	+	0.707)
	=	52.91

XiangXing International Holding (HKSE:01732) 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.

XiangXing International Holding Cash-to-Debt Related Terms

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XiangXing International Holding (HKSE:01732) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » XiangXing International Holding Ltd (HKSE:01732) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 233 Jiangang Road, Xiamen Area (Bonded Port), China (Fujian) Pilot Free Trade Zone, Haicang District, Fujian Province, Xiamen City, CHN

Website

http://www.xxlt.com.cn

XiangXing International Holding Ltd is an investment holding company. The operating segments of the group are Import and export agency services; Container and stone blocks road freight forwarding services; Intra-port ancillary services; Intra-port container transportation services; and Trading of building materials and automobile accessories. Geographically, the operations of the company are carried out in the PRC.

XiangXing International Holding (HKSE:01732) Headlines

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