China Huarong Energy Co (HKSE:01101) Cash-to-Debt : 0.00 (As of Dec. 2023)

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What is China Huarong Energy 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. China Huarong Energy Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.00.

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, China Huarong Energy 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 China Huarong Energy Co's Cash-to-Debt or its related term are showing as below:

During the past 13 years, China Huarong Energy Co's highest Cash to Debt Ratio was 0.01. The lowest was 0.00. And the median was 0.00.

HKSE:01101's Cash-to-Debt is not ranked ^*
in the Oil & Gas industry.
Industry Median: 0.48
* Ranked among companies with meaningful Cash-to-Debt only.

China Huarong Energy Co Cash-to-Debt Historical Data

The historical data trend for China Huarong Energy 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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China Huarong Energy Co Cash-to-Debt Chart

China Huarong Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.01

China Huarong Energy Co 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															0.01	0.01	-	-	-

Competitive Comparison of China Huarong Energy Co's Cash-to-Debt

For the Oil & Gas E&P subindustry, China Huarong Energy 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.

China Huarong Energy Co's Cash-to-Debt Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, China Huarong Energy Co's Cash-to-Debt distribution charts can be found below:

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

China Huarong Energy 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.

China Huarong Energy 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)
	=	2.344	/	(1858.223	+	2445.486)
	=	0.00

China Huarong Energy 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)
	=	2.344	/	(1858.223	+	2445.486)
	=	0.00

China Huarong Energy Co (HKSE:01101) 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 Huarong Energy Co Cash-to-Debt Related Terms

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China Huarong Energy Co (HKSE:01101) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » China Huarong Energy Co Ltd (HKSE:01101) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

XYTA:Germany

Address

6-8 Harbour Road, Suites 1508-10, 15th Floor, Shui On Centre, Wanchai, Hong Kong, HKG

Website

http://www.huarongenergy.com.hk

China Huarong Energy Co Ltd is a company principally engaged in the business of energy exploration and production focusing on oil and gas-related customers and markets. Its only segment is Energy Exploration and Production which is engaged in the sales of crude oil. The company projects include approximately four oilfields located in the Fergana Valley of the Republic of Kyrgyzstan. Geographically, it derives revenue from Kyrgyzstan.

Executives

Lau Wing Yi	2501 Other
Silver Anna	2501 Other
Action Phoenix Limited	2101 Beneficial owner
Castle Giant Investments Limited	2101 Beneficial owner
Yu Gelin	2201 Interest of corporation controlled by you
China Development Bank	2501 Other
China Minsheng Banking Corp. Ltd.	2101 Beneficial owner
Skyline Asia International Limited	2201 Interest of corporation controlled by you
Zhao Xuejun	2201 Interest of corporation controlled by you
Fine Profit Enterprises Limited	2201 Interest of corporation controlled by you
Mei Liang	2201 Interest of corporation controlled by you
Top Acton Limited	2101 Beneficial owner
Zhang Zhi Rong	2201 Interest of corporation controlled by you
Kingwin Victory Investment Limited	2101 Beneficial owner
Wang Ping	2201 Interest of corporation controlled by you

China Huarong Energy Co (HKSE:01101) Headlines

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