Zhejiang Expressway Co (HKSE:00576) Cash-to-Debt : 0.85 (As of Dec. 2023)

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What is Zhejiang Expressway 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. Zhejiang Expressway Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.85.

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, Zhejiang Expressway Co 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 Zhejiang Expressway Co's Cash-to-Debt or its related term are showing as below:

HKSE:00576' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.5 Med: 0.67 Max: 0.86
Current: 0.85

During the past 13 years, Zhejiang Expressway Co's highest Cash to Debt Ratio was 0.86. The lowest was 0.50. And the median was 0.67.

HKSE:00576's Cash-to-Debt is ranked better than
56.67% of 1671 companies
in the Construction industry
Industry Median: 0.62 vs HKSE:00576: 0.85

Zhejiang Expressway Co Cash-to-Debt Historical Data

The historical data trend for Zhejiang Expressway 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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Zhejiang Expressway Co Cash-to-Debt Chart

Zhejiang Expressway Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.54

0.65

0.74

0.86

0.85

Zhejiang Expressway Co Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Jun19	Sep19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.86	0.99	N/A	0.85	N/A

Competitive Comparison of Zhejiang Expressway Co's Cash-to-Debt

For the Infrastructure Operations subindustry, Zhejiang Expressway 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.

Zhejiang Expressway Co's Cash-to-Debt Distribution in the Construction Industry

For the Construction industry and Industrials sector, Zhejiang Expressway Co's Cash-to-Debt distribution charts can be found below:

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

Zhejiang Expressway 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.

Zhejiang Expressway 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)
	=	76863.436	/	(42335.825	+	47866.273)
	=	0.85

Zhejiang Expressway Co'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)
	=	76863.436	/	(42335.825	+	47866.273)
	=	0.85

Zhejiang Expressway Co (HKSE:00576) 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.

Zhejiang Expressway Co Cash-to-Debt Related Terms

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Zhejiang Expressway Co (HKSE:00576) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Zhejiang Expressway Co Ltd (HKSE:00576) » Definitions » Cash-to-Debt

Traded in Other Exchanges

ZHEXF:USA ZHJ:Germany

Address

199 Wuxing Road, 5th Floor, No. 2, Mingzhu International Business Center, Zhejiang Province, Hangzhou, CHN, 310020

Website

https://www.zjec.com.cn

Zhejiang Expressway Co Ltd is a Chinese infrastructure company which, through its subsidiaries, develops, maintains, and operates high-grade roads. The company organizes itself into three segments: toll road business, securities business, and other business. The company derives the majority of revenue and earnings from the toll road business. The securities business, the next most significant segment, provides brokerage services, including advisory, margin lending, and asset management. The company earns the entirety of revenue domestically.

Zhejiang Expressway Co (HKSE:00576) Headlines

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