Kingold Jewelry (Kingold Jewelry) Cash-to-Debt

: 1.15 (As of Sep. 2019)

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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. Kingold Jewelry's cash to debt ratio for the quarter that ended in Sep. 2019 was 1.15.

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, Kingold Jewelry could pay off its debt using the cash in hand for the quarter that ended in Sep. 2019.

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

KGJI's Cash-to-Debt is not ranked ^*
in the Retail - Cyclical industry.
Industry Median: 0.47
* Ranked among companies with meaningful Cash-to-Debt only.

Kingold Jewelry Cash-to-Debt Historical Data

The historical data trend for Kingold Jewelry'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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Kingold Jewelry Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Cash-to-Debt

0.03

0.04

0.16

0.60

0.80

Kingold Jewelry Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Cash-to-Debt																0.45	0.80	0.99	1.06	1.15

Competitive Comparison

For the Luxury Goods subindustry, Kingold Jewelry'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.

Kingold Jewelry Cash-to-Debt Distribution

For the Retail - Cyclical industry and Consumer Cyclical sector, Kingold Jewelry's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Kingold Jewelry's Cash-to-Debt falls into.

Kingold Jewelry 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.

Kingold Jewelry's Cash to Debt Ratio for the fiscal year that ended in Dec. 2018 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)
	=	1593.791	/	(1107.648	+	888.805)
	=	0.80

Kingold Jewelry's Cash to Debt Ratio for the quarter that ended in Sep. 2019 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)
	=	2519.049	/	(1494.112	+	702.336)
	=	1.15

Kingold Jewelry (GREY:KGJI) 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.

Kingold Jewelry Cash-to-Debt Related Terms

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Kingold Jewelry (Kingold Jewelry) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Kingold Jewelry Inc (GREY:KGJI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8 Han Huang Road, Jiang'an District, Hubei Province, 15 Huangpu Science & Technology Park, Wuhan, CHN, 430023

Website

http://www.kingoldjewelry.com

Kingold Jewelry Inc designs and manufactures 24-karat gold jewelry and Chinese ornaments. The company along with its subsidiaries develops markets and sells products including gold necklaces, rings, earrings, bracelets, and pendants to the jewelry market in China. The company also sells gold bars and coins and other products through various banks in China. It derives most of its revenues from the sales of 24-karat jewelry and Chinese ornaments and from design and processing fees.

Executives