China Qidian Guofeng Holdings (HKSE:01280) Cash-to-Debt : 0.33 (As of Dec. 2023)

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What is China Qidian Guofeng 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. China Qidian Guofeng Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.33.

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 Qidian Guofeng Holdings 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 Qidian Guofeng Holdings's Cash-to-Debt or its related term are showing as below:

HKSE:01280' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.1 Max: 0.51
Current: 0.33

During the past 13 years, China Qidian Guofeng Holdings's highest Cash to Debt Ratio was 0.51. The lowest was 0.02. And the median was 0.10.

HKSE:01280's Cash-to-Debt is ranked worse than
57.81% of 1107 companies
in the Retail - Cyclical industry
Industry Median: 0.47 vs HKSE:01280: 0.33

China Qidian Guofeng Holdings Cash-to-Debt Historical Data

The historical data trend for China Qidian Guofeng 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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China Qidian Guofeng Holdings Cash-to-Debt Chart

China Qidian Guofeng Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.05

0.08

0.03

0.02

0.33

China Qidian Guofeng 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															0.03	0.03	0.02	0.08	0.33

Competitive Comparison of China Qidian Guofeng Holdings's Cash-to-Debt

For the Specialty Retail subindustry, China Qidian Guofeng 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.

China Qidian Guofeng Holdings's Cash-to-Debt Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, China Qidian Guofeng Holdings's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where China Qidian Guofeng Holdings's Cash-to-Debt falls into.

China Qidian Guofeng 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.

China Qidian Guofeng 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)
	=	177.521	/	(11.412	+	527.758)
	=	0.33

China Qidian Guofeng 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)
	=	177.521	/	(11.412	+	527.758)
	=	0.33

China Qidian Guofeng Holdings (HKSE:01280) 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 Qidian Guofeng Holdings Cash-to-Debt Related Terms

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

China Qidian Guofeng Holdings (HKSE:01280) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » China Qidian Guofeng Holdings Ltd (HKSE:01280) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 539 Wenchang Zhong Road, 6th Floor, Huiyin Building, Jiangsu Province, Yangzhou, CHN

Website

http://www.hyjd.com

China Qidian Guofeng Holdings Ltd Formerly Qidian International Co Ltd is an investment holding company. It is engaged in the retail of household appliances, mobile phones, computers, imported and general merchandise, and the provision of maintenance and installation services for household appliances in the PRC. The operating segments of the group are Traditional business; New retail business and All other segments. Its Traditional business includes the results from sales of household appliances, mobile phones, and computers. New retail business includes the results from sales of imported and general merchandise. All other segments include the results from rendering maintenance and installation services. The company generates prime revenue from the Traditional business segment.

China Qidian Guofeng Holdings (HKSE:01280) Headlines

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