China In-Tech (HKSE:00464) Cash-to-Debt : 1.45 (As of Sep. 2023)

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What is China In-Tech 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. China In-Tech's cash to debt ratio for the quarter that ended in Sep. 2023 was 1.45.

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, China In-Tech could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

HKSE:00464' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.27 Med: 0.97 Max: 2.39
Current: 1.45

During the past 13 years, China In-Tech's highest Cash to Debt Ratio was 2.39. The lowest was 0.27. And the median was 0.97.

HKSE:00464's Cash-to-Debt is ranked better than
66.88% of 1860 companies
in the Consumer Packaged Goods industry
Industry Median: 0.52 vs HKSE:00464: 1.45

China In-Tech Cash-to-Debt Historical Data

The historical data trend for China In-Tech'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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China In-Tech Cash-to-Debt Chart

China In-Tech Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

Get a 7-Day Free Trial

0.67

0.29

0.31

0.34

0.59

China In-Tech Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															0.28	0.34	0.41	0.59	1.45

Competitive Comparison of China In-Tech's Cash-to-Debt

For the Household & Personal Products subindustry, China In-Tech'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.

China In-Tech's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, China In-Tech's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where China In-Tech's Cash-to-Debt falls into.

China In-Tech 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.

China In-Tech's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	8.878	/	(12.361	+	2.713)
	=	0.59

China In-Tech's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	34.831	/	(22.948	+	1.06)
	=	1.45

China In-Tech (HKSE:00464) 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.

China In-Tech Cash-to-Debt Related Terms

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China In-Tech (HKSE:00464) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » China In-Tech Ltd (HKSE:00464) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 Queen’s Road Central, New World Tower 1, Unit 2302, 23rd Floor, Central, Hong Kong, HKG

Website

http://www.co-nuoxin.com

China In-Tech Ltd Formerly China Overseas Nuoxin International Holdings Ltd engages in the design, manufacture, and sale of electrical haircare and healthcare products. Its product portfolio includes Hair dryer, Straightener, Curling tong, Hot air styler, Mini vac cleaner, Facial sauna, Electric massager, Derma cleanser, and other small household electrical appliances. The firm also engages in the design, manufacture, and sale of motors; and the provision of contract processing services. The group's revenue is mainly derived from customers located in Europe, Asia, North and South America, Australia, and Africa, of which a majority of revenue is derived from Europe.

Executives

China Yuen Capital Limited	2101 Beneficial owner
Li Yuelan	2201 Interest of corporation controlled by you
Liu Xuezhong	2201 Interest of corporation controlled by you
Luckever Holdings Limited	2201 Interest of corporation controlled by you
Donghai International Financial Holdings Company Limited	2106 Person having a security interest in shares
Feng Xinhe	2101 Beneficial owner
Dong Hai Zheng Quan Gu Fen You Xian Gong Si	2106 Person having a security interest in shares
Te Shu Ji Yu Si Mu Tou Zi Ji Jin Hao

China In-Tech (HKSE:00464) Headlines

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