eHi Car Services (eHi Car Services) Cash-to-Debt : 0.07 (As of Jun. 2018)

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What is eHi Car Services 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. eHi Car Services's cash to debt ratio for the quarter that ended in Jun. 2018 was 0.07.

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, eHi Car Services couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2018.

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

EHIC's Cash-to-Debt is not ranked ^*
in the Business Services industry.
Industry Median: 1.01
* Ranked among companies with meaningful Cash-to-Debt only.

eHi Car Services Cash-to-Debt Historical Data

The historical data trend for eHi Car Services'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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eHi Car Services Cash-to-Debt Chart

eHi Car Services Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Cash-to-Debt

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1.06

0.74

0.94

0.14

0.12

eHi Car Services Quarterly Data
	Dec12	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Dec17	Jun18
Cash-to-Debt	Get a 7-Day Free Trial														0.14	0.17	0.04	0.12	0.07

Competitive Comparison of eHi Car Services's Cash-to-Debt

For the Rental & Leasing Services subindustry, eHi Car Services'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.

eHi Car Services's Cash-to-Debt Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, eHi Car Services's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where eHi Car Services's Cash-to-Debt falls into.

eHi Car Services 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.

eHi Car Services's Cash to Debt Ratio for the fiscal year that ended in Dec. 2017 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)
	=	103.376	/	(387.891	+	448.501)
	=	0.12

eHi Car Services's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	60.062	/	(421.197	+	500.357)
	=	0.07

eHi Car Services (NYSE:EHIC) 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.

eHi Car Services Cash-to-Debt Related Terms

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eHi Car Services (eHi Car Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » eHi Car Services Ltd (NYSE:EHIC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

388 Daduhe Road, Unit 12th Floor, Building No. 5, Guosheng Center, Putuo District, Shanghai, CHN, 200062

Website

http://www.1hai.cn

eHi Car Services Ltd provides one-stop car rentals and car services to individuals and corporate and institutional clients. It offers self-drive car rentals to both individual customers & corporate clients. The company offers on-demand chauffeured car services including airport pickup and drop-off, inter-office transfers and other business transportation needs, as well as event-driven activities such as conventions, promotional tours, and special events. It also offers long-term chauffeured services. The company offers international car rental service to its customers. It earns all of its revenues from China.