Hebei Yichen Industrial Group (HKSE:01596) Cash-to-Debt : 0.36 (As of Dec. 2023)

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What is Hebei Yichen Industrial Group 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. Hebei Yichen Industrial Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.36.

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, Hebei Yichen Industrial Group 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 Hebei Yichen Industrial Group's Cash-to-Debt or its related term are showing as below:

HKSE:01596' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.19 Med: 0.9 Max: 2.49
Current: 0.36

During the past 11 years, Hebei Yichen Industrial Group's highest Cash to Debt Ratio was 2.49. The lowest was 0.19. And the median was 0.90.

HKSE:01596's Cash-to-Debt is ranked worse than
58.2% of 969 companies
in the Transportation industry
Industry Median: 0.49 vs HKSE:01596: 0.36

Hebei Yichen Industrial Group Cash-to-Debt Historical Data

The historical data trend for Hebei Yichen Industrial Group'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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Hebei Yichen Industrial Group Cash-to-Debt Chart

Hebei Yichen Industrial Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.62

1.08

0.72

0.43

0.36

Hebei Yichen Industrial Group Semi-Annual Data
	Dec13	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															0.72	0.53	0.43	0.48	0.36

Competitive Comparison of Hebei Yichen Industrial Group's Cash-to-Debt

For the Railroads subindustry, Hebei Yichen Industrial Group'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.

Hebei Yichen Industrial Group's Cash-to-Debt Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Hebei Yichen Industrial Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Hebei Yichen Industrial Group's Cash-to-Debt falls into.

Hebei Yichen Industrial Group 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.

Hebei Yichen Industrial Group'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)
	=	209.357	/	(425.567	+	164.406)
	=	0.35

Hebei Yichen Industrial Group'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)
	=	209.357	/	(425.567	+	164.406)
	=	0.35

Hebei Yichen Industrial Group (HKSE:01596) 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.

Hebei Yichen Industrial Group Cash-to-Debt Related Terms

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

Hebei Yichen Industrial Group (HKSE:01596) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Hebei Yichen Industrial Group Corp Ltd (HKSE:01596) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

HE2:Germany

Address

No. 1 Yichen North Street, Gaocheng District, Hebei Province, Shijiazhuang, CHN

Website

http://www.hbyc.com.cn

Hebei Yichen Industrial Group Corp Ltd is one of the leading rail fastening system providers in the PRC, with the business focusing on three business segments namely Rail Fastening System Products; Welding Wire Products; and Railway Sleeper Products. Its maximum revenue is generated by the Rail fastening system segment. Some of its product includes the Spring bar type IV fastener system; the WJ-7 type fastener system; the DT-VI2 fastener system; Double-layer nonlinear shock-absorbing fastener system; the Spring bar II type fastener system and others.

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