CNQC International Holdings (HKSE:01240) Cash-to-Debt : 0.32 (As of Dec. 2023)

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What is CNQC International 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. CNQC International Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.32.

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, CNQC International Holdings couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

HKSE:01240' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.16 Med: 0.26 Max: 0.96
Current: 0.32

During the past 12 years, CNQC International Holdings's highest Cash to Debt Ratio was 0.96. The lowest was 0.16. And the median was 0.26.

HKSE:01240's Cash-to-Debt is ranked better than
56.26% of 1781 companies
in the Real Estate industry
Industry Median: 0.25 vs HKSE:01240: 0.32

CNQC International Holdings Cash-to-Debt Historical Data

The historical data trend for CNQC International 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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CNQC International Holdings Cash-to-Debt Chart

CNQC International Holdings Annual Data

Trend

Mar14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.18

0.16

0.31

0.32

CNQC International Holdings Semi-Annual Data
	Mar14	Sep14	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															0.16	0.15	0.31	0.25	0.32

Competitive Comparison of CNQC International Holdings's Cash-to-Debt

For the Real Estate - Diversified subindustry, CNQC International 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.

CNQC International Holdings's Cash-to-Debt Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, CNQC International Holdings's Cash-to-Debt distribution charts can be found below:

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

CNQC International 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.

CNQC International Holdings's Cash to Debt Ratio for the fiscal year 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)
	=	1622.046	/	(4009.477	+	1112.505)
	=	0.32

CNQC International 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)
	=	1622.046	/	(4009.477	+	1112.505)
	=	0.32

CNQC International Holdings (HKSE:01240) 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.

CNQC International Holdings Cash-to-Debt Related Terms

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

CNQC International Holdings (HKSE:01240) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » CNQC International Holdings Ltd (HKSE:01240) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

39 Wang Chiu Road, 8th floor, Enterprise Square Phase Three, Kowloon Bay, Hong Kong, HKG

Website

https://www.cnqc.com.hk

CNQC International Holdings Ltd is engaged in the development of properties. Along with subsidiaries, the company operates through four segments. The Foundation and construction - Hong Kong and Macau segment mainly represent the provision of foundation and construction work to property developers, loaning of labor and rental of machinery in Hong Kong and Macau. The Construction - Singapore and Southeast Asia segment mainly represents the provision of construction work to property developers, sales of goods, loaning of labor and rental of equipment in Singapore and Southeast Asia. The Property development - Singapore and Southeast Asia and Property development - Hong Kong segment represent the sales of completed property units in Singapore and Southeast Asia and Hong Kong.

Executives

Qingdao Zhixinda Enterprise Management Partnership(limited Partnership)	2201 Interest of corporation controlled by you
Qingdao Qingjian Holdings Co	2201 Interest of corporation controlled by you
Guotsing Holding Group Co. Ltd.	2201 Interest of corporation controlled by you
Du Bo	2201 Interest of corporation controlled by you
Du Dexiang	2201 Interest of corporation controlled by you
Shang Hai He Li Yuan Tou Zi You Xian Gong Si	2201 Interest of corporation controlled by you
Cnqc Development Limited	2101 Beneficial owner
Zuo Haibin	2101 Beneficial owner
Zhang Zhihua	2101 Beneficial owner

CNQC International Holdings (HKSE:01240) Headlines

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