Joy City Property (HKSE:00207) Cash-to-Debt : 0.44 (As of Dec. 2023)

View and export this data going back to 1973. Start your Free Trial

What is Joy City Property 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. Joy City Property's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.44.

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, Joy City Property 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 Joy City Property's Cash-to-Debt or its related term are showing as below:

HKSE:00207' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.13 Med: 0.36 Max: 0.46
Current: 0.44

During the past 13 years, Joy City Property's highest Cash to Debt Ratio was 0.46. The lowest was 0.13. And the median was 0.36.

HKSE:00207's Cash-to-Debt is ranked better than
62.56% of 1792 companies
in the Real Estate industry
Industry Median: 0.26 vs HKSE:00207: 0.44

Joy City Property Cash-to-Debt Historical Data

The historical data trend for Joy City Property'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.

* Premium members only.

Joy City Property Cash-to-Debt Chart

Joy City Property Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.36

0.46

0.26

0.37

0.44

Joy City Property 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															0.26	0.31	0.37	0.37	0.44

Competitive Comparison of Joy City Property's Cash-to-Debt

For the Real Estate - Diversified subindustry, Joy City Property'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.

Joy City Property's Cash-to-Debt Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Joy City Property's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Joy City Property's Cash-to-Debt falls into.

Joy City Property 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.

Joy City Property'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)
	=	21254.526	/	(10537.834	+	38048.668)
	=	0.44

Joy City Property'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)
	=	21254.526	/	(10537.834	+	38048.668)
	=	0.44

Joy City Property (HKSE:00207) 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.

Joy City Property Cash-to-Debt Related Terms

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

Joy City Property (HKSE:00207) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Joy City Property Ltd (HKSE:00207) » Definitions » Cash-to-Debt

Traded in Other Exchanges

HKP:Germany

Address

262 Gloucester Road, 33rd Floor, COFCO Tower, Causeway Bay, Hong Kong, HKG

Website

http://www.joy-cityproperty.com

Joy City Property Ltd is a large-scale commercial property developer and operator, working on the development, operation, sales, leasing and management of mixed-use complexes and other commercial properties such as shopping centers, hotels, offices, serviced apartments and resort and tourist properties in China. Rental income accounts for majority of the operating profit. The company's portfolio consists of various retail malls under the flagship brand of Joy City, and some office and hotel assets. Recently, it introduced a second brand called Joy Breeze, consisting of smaller retail assets. The businesses of the Group are divided into four areas, namely investment properties, property development, hotel operations and output management and other services.

Joy City Property (HKSE:00207) Headlines

No Headlines