China Innovation Investment (HKSE:01217) Cash-to-Debt : 79.62 (As of Dec. 2023)

View and export this data going back to 2002. Start your Free Trial

What is China Innovation Investment 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 Innovation Investment's cash to debt ratio for the quarter that ended in Dec. 2023 was 79.62.

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 Innovation Investment 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 China Innovation Investment's Cash-to-Debt or its related term are showing as below:

HKSE:01217' s Cash-to-Debt Range Over the Past 10 Years
Min: 79.62 Med: 5388.87 Max: No Debt
Current: 79.62

During the past 13 years, China Innovation Investment's highest Cash to Debt Ratio was No Debt. The lowest was 79.62. And the median was 5388.87.

HKSE:01217's Cash-to-Debt is ranked better than
60.65% of 1456 companies
in the Asset Management industry
Industry Median: 5.605 vs HKSE:01217: 79.62

China Innovation Investment Cash-to-Debt Historical Data

The historical data trend for China Innovation Investment'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.

China Innovation Investment Cash-to-Debt Chart

China Innovation Investment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

777.75

99.58

112.62

289.74

79.62

China Innovation Investment 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															112.62	339.00	289.74	No Debt	79.62

Competitive Comparison of China Innovation Investment's Cash-to-Debt

For the Asset Management subindustry, China Innovation Investment'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 Innovation Investment's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, China Innovation Investment's Cash-to-Debt distribution charts can be found below:

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

China Innovation Investment 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 Innovation Investment'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)
	=	177.96	/	(0.854	+	1.381)
	=	79.62

China Innovation Investment'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)
	=	177.96	/	(0.854	+	1.381)
	=	79.62

China Innovation Investment (HKSE:01217) 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 Innovation Investment Cash-to-Debt Related Terms

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

China Innovation Investment (HKSE:01217) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » China Innovation Investment Ltd (HKSE:01217) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 9 Des Voeux Road West, 26th Floor, Sheung Wan, HKG

Website

https://www.1217.com.hk

China Innovation Investment Ltd is an investment holding company. Its investment objective is to invest in listed and unlisted companies primarily in Hong Kong and the PRC. The company invests in listed and non-listed and civil and military joint ventures to strive for medium-term gains from capital appreciation. The majority of the revenue is derived from its investment activities from Hong Kong.

Executives

China Technology Education Trust Association
Zhong Guo Qu Shi Kong Gu You Xian Gong Si	2201 Interest of corporation controlled by you
Harvest Rise Investments Limited	2101 Beneficial owner

China Innovation Investment (HKSE:01217) Headlines

No Headlines