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Jiangxi Changyun Co (SHSE:600561) Cash-to-Debt : 0.31 (As of Mar. 2024)


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What is Jiangxi Changyun Co 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. Jiangxi Changyun Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.31.

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, Jiangxi Changyun Co couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

SHSE:600561' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.14   Med: 0.27   Max: 0.6
Current: 0.31

During the past 13 years, Jiangxi Changyun Co's highest Cash to Debt Ratio was 0.60. The lowest was 0.14. And the median was 0.27.

SHSE:600561's Cash-to-Debt is ranked worse than
60.66% of 966 companies
in the Transportation industry
Industry Median: 0.48 vs SHSE:600561: 0.31

Jiangxi Changyun Co Cash-to-Debt Historical Data

The historical data trend for Jiangxi Changyun Co'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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Jiangxi Changyun Co Cash-to-Debt Chart

Jiangxi Changyun Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash-to-Debt
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.27 0.19 0.21 0.24 0.14

Jiangxi Changyun Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.23 0.24 0.19 0.14 0.31

Competitive Comparison of Jiangxi Changyun Co's Cash-to-Debt

For the Railroads subindustry, Jiangxi Changyun Co'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.


Jiangxi Changyun Co's Cash-to-Debt Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Jiangxi Changyun Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Jiangxi Changyun Co's Cash-to-Debt falls into.



Jiangxi Changyun Co 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.

Jiangxi Changyun Co's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Jiangxi Changyun Co's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

* 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.


Jiangxi Changyun Co  (SHSE:600561) 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.


Jiangxi Changyun Co Cash-to-Debt Related Terms

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Jiangxi Changyun Co (SHSE:600561) Business Description

Traded in Other Exchanges
N/A
Address
No. 759 Huoju Street, New and High Technology Industrial Development Zone, Nanchang, Jiangxi, CHN, 330029
Jiangxi Changyun Co Ltd provides transportation services and is mainly engaged in the construction of road passenger and passenger stations. The company is also involved in the maintenance of the transport business, travel services, logistics, car rental, and property management.
Executives
Liu Gang Director
Su Yue Hong Supervisors
Luo Ding Bin senior management
Ceng Guo Hui Supervisors
Xie Jing Quan senior management
Xie Wei Director
Wang Ting Wei senior management
Xu Zhi Fang Supervisors
Jiang Bin senior management
Hu Jian Ping senior management
Chen Gan Ping senior management
Wang Su Xin senior management
Zhou Guo Shun senior management
Zhang Wei Jin senior management
Lei He Ming senior management

Jiangxi Changyun Co (SHSE:600561) Headlines

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