Tianjin Development Holdings (HKSE:00882) Cash-to-Debt : 4.39 (As of Dec. 2023)

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What is Tianjin Development Holdings 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. Tianjin Development Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 4.39.

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, Tianjin Development Holdings could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

HKSE:00882' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.64 Med: 3.23 Max: 4.92
Current: 4.39

During the past 13 years, Tianjin Development Holdings's highest Cash to Debt Ratio was 4.92. The lowest was 2.64. And the median was 3.23.

HKSE:00882's Cash-to-Debt is ranked better than
78.63% of 524 companies
in the Conglomerates industry
Industry Median: 0.48 vs HKSE:00882: 4.39

Tianjin Development Holdings Cash-to-Debt Historical Data

The historical data trend for Tianjin Development Holdings'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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Tianjin Development Holdings Cash-to-Debt Chart

Tianjin Development Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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2.77

3.55

3.43

4.92

4.39

Tianjin Development Holdings 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															3.43	3.65	4.92	3.55	4.39

Competitive Comparison of Tianjin Development Holdings's Cash-to-Debt

For the Conglomerates subindustry, Tianjin Development Holdings'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.

Tianjin Development Holdings's Cash-to-Debt Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Tianjin Development Holdings's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Tianjin Development Holdings's Cash-to-Debt falls into.

Tianjin Development Holdings 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.

Tianjin Development Holdings'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)
	=	7990.384	/	(105.527	+	1715.649)
	=	4.39

Tianjin Development Holdings'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)
	=	7990.384	/	(105.527	+	1715.649)
	=	4.39

Tianjin Development Holdings (HKSE:00882) 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.

Tianjin Development Holdings Cash-to-Debt Related Terms

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Tianjin Development Holdings (HKSE:00882) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Tianjin Development Holdings Ltd (HKSE:00882) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

TJSCF:USA

Address

168-200 Connaught Road Central, Suites 7-13, 36th Floor, China Merchants Tower, Shun Tak Centre, Hong Kong, HKG

Website

http://www.tianjindev.com

Tianjin Development Holdings Ltd is a Chinese conglomerate engaged in utilities and various other services. It operates through six segments: The utility segment distributes electricity, water, heat, and thermal power to industrial, commercial, and residential customers. The Pharmaceutical segment manufactures and sells pharmaceutical products and provides pharmaceutical research and development, pharmaceutical packaging. The Hotels segment manages hotels. The electrical and Mechanical segment manufactures and sells presses, mechanical and hydroelectric equipment, and large-scale pump units. The Port Services segment offers port services. Elevators and Escalators segment manufactures and sells elevators and escalators. Nearly all of its revenue comes from China.

Tianjin Development Holdings (HKSE:00882) Headlines

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