Changhong Jiahua Holding (HKSE:03991) Cash-to-Debt : 0.61 (As of Dec. 2023)

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What is Changhong Jiahua Holding 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. Changhong Jiahua Holding's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.61.

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, Changhong Jiahua Holding 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 Changhong Jiahua Holding's Cash-to-Debt or its related term are showing as below:

HKSE:03991' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.14 Med: 0.6 Max: 1.14
Current: 0.61

During the past 13 years, Changhong Jiahua Holding's highest Cash to Debt Ratio was 1.14. The lowest was 0.14. And the median was 0.60.

HKSE:03991's Cash-to-Debt is ranked worse than
68.39% of 2376 companies
in the Hardware industry
Industry Median: 1.335 vs HKSE:03991: 0.61

Changhong Jiahua Holding Cash-to-Debt Historical Data

The historical data trend for Changhong Jiahua 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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Changhong Jiahua Holding Cash-to-Debt Chart

Changhong Jiahua Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.71

0.17

0.59

0.14

0.61

Changhong Jiahua Holding 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															0.59	0.04	0.14	0.40	0.61

Competitive Comparison of Changhong Jiahua Holding's Cash-to-Debt

For the Electronics & Computer Distribution subindustry, Changhong Jiahua 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.

Changhong Jiahua Holding's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Changhong Jiahua Holding's Cash-to-Debt distribution charts can be found below:

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

Changhong Jiahua 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.

Changhong Jiahua Holding'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)
	=	1087.803	/	(1789.925	+	8.461)
	=	0.60

Changhong Jiahua Holding'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)
	=	1087.803	/	(1789.925	+	8.461)
	=	0.60

Changhong Jiahua Holding (HKSE:03991) 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.

Changhong Jiahua Holding Cash-to-Debt Related Terms

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

Changhong Jiahua Holding (HKSE:03991) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Changhong Jiahua Holding Ltd (HKSE:03991) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

168-200 Connaught Road, Unit 1412, 14th Foor, West Tower, Shun Tak Centre, Hong Kong, HKG

Website

https://www.changhongit.com

Changhong Jiahua Holding Ltd is an investment holding company. It operates through three segments viz. ICT Consumer Products which covers the distribution of ICT consumer products including personal computers, digital products, and IT accessories; ICT Corporate Products which is involved in the distribution of ICT corporate products including storage products, minicomputers, networking products, personal computer servers, and unified communication and contact center products; and Others include distribution of smartphones and development of its own-brand products including but not limited to intelligent terminals, sales of warranty packages and professional integrated ICT solutions and provision of ICT services. It derives prime revenue from Mainland China.

Executives

Zhu Jianqiu	2101 Beneficial owner
Changhong (hong Kong) Trading Ltd.	2201 Interest of corporation controlled by you
Sichuan Changhong Electric Co., Ltd.	2101 Beneficial owner
Fit Generation Holding Ltd.	2101 Beneficial owner

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