Hongbo Co (SZSE:002229) Cash-to-Debt : 1.21 (As of Mar. 2024)

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What is Hongbo 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. Hongbo Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.21.

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, Hongbo Co could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

SZSE:002229' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.45 Med: 2.6 Max: 8.26
Current: 1.21

During the past 13 years, Hongbo Co's highest Cash to Debt Ratio was 8.26. The lowest was 0.45. And the median was 2.60.

SZSE:002229's Cash-to-Debt is ranked better than
52.74% of 1060 companies
in the Business Services industry
Industry Median: 1.01 vs SZSE:002229: 1.21

Hongbo Co Cash-to-Debt Historical Data

The historical data trend for Hongbo 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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Hongbo Co Cash-to-Debt Chart

Hongbo Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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7.67

5.77

2.80

2.53

1.48

Hongbo 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															2.67	2.00	1.50	1.48	1.21

Competitive Comparison of Hongbo Co's Cash-to-Debt

For the Specialty Business Services subindustry, Hongbo 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.

Hongbo Co's Cash-to-Debt Distribution in the Business Services Industry

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

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

Hongbo 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.

Hongbo Co'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)
	=	832.888	/	(408.945	+	153.375)
	=	1.48

Hongbo Co's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
	=	738.189	/	(399.586	+	208.252)
	=	1.21

Hongbo Co (SZSE:002229) 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.

Hongbo Co Cash-to-Debt Related Terms

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

Hongbo Co (SZSE:002229) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Hongbo Co Ltd (SZSE:002229) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 136 Jinda Road, Jinshan Development Zone, Fujian Province, Fuzhou, CHN, 350002

Website

http://www.hb-print.com.cn

Hongbo Co Ltd is a China-based company engaged in the security printing business. It is involved in the printing of commercial bills in China. The company's main products are heat-sensitive paper tickets, general paper tickets and paper packaging products for office use. In addition, the company is also involved in the other businesses such as the Lottery industry, Security printing, Packaging industry, Color printing industry, Internet of things industry, and Business and interactive entertainment industry.

Hongbo Co (SZSE:002229) Headlines

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