Shandong International Trust Co (HKSE:01697) Cash-to-Debt : 0.51 (As of Dec. 2023)

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What is Shandong International Trust 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. Shandong International Trust Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.51.

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, Shandong International Trust 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 Shandong International Trust Co's Cash-to-Debt or its related term are showing as below:

HKSE:01697' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.51 Med: 4.47 Max: No Debt
Current: 0.51

During the past 10 years, Shandong International Trust Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.51. And the median was 4.47.

HKSE:01697's Cash-to-Debt is ranked worse than
65.95% of 1448 companies
in the Asset Management industry
Industry Median: 5.72 vs HKSE:01697: 0.51

Shandong International Trust Co Cash-to-Debt Historical Data

The historical data trend for Shandong International Trust 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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Shandong International Trust Co Cash-to-Debt Chart

Shandong International Trust Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

5.13

26.15

2.49

1.24

0.51

Shandong International Trust Co Semi-Annual Data
	Dec14	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial												2.49	1.94	1.24	0.84	0.51

Competitive Comparison of Shandong International Trust Co's Cash-to-Debt

For the Asset Management subindustry, Shandong International Trust 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.

Shandong International Trust Co's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Shandong International Trust Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Shandong International Trust Co's Cash-to-Debt falls into.

Shandong International Trust 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.

Shandong International Trust 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)
	=	561.05	/	(1066.193	+	42.722)
	=	0.51

Shandong International Trust 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)
	=	561.05	/	(1066.193	+	42.722)
	=	0.51

Shandong International Trust Co (HKSE:01697) 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.

Shandong International Trust Co Cash-to-Debt Related Terms

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

Shandong International Trust Co (HKSE:01697) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Shandong International Trust Co Ltd (HKSE:01697) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

166 Jiefang Road, Lixia District, Shandong Province, Jinan, CHN, 250013

Website

http://www.sitic.com.cn

Shandong International Trust Co Ltd provides financial and wealth management services. The company's business includes capital trust, asset trust, investment bank, asset management and securities investment funds. It has two business lines that are trust business and proprietary business. Shandong has developed a broad range of trust products to meet the financing, investment, wealth management and succession needs of their various types of clients.

Executives

Qing Dao Quan Qiu Cai Fu Zhong Xin Kai Fa Jian She You Xian Gong Si	2101 Beneficial owner
Qing Dao Shi Lao Shan Qu Cai Zheng Ju	2201 Interest of corporation controlled by you
Zhang Xin Ji Jin Guan Li You Xian Ze Ren Gong Si	2301 Trustee
Ji Nan Shi Ren Min Zheng Fu Guo You Zi Chan Jian Du Guan Li Wei Yuan Hui	2201 Interest of corporation controlled by you
Ji Nan Jin Rong Kong Gu Ji Tuan You Xian Gong Si	2101 Beneficial owner
China Create Capital Limited	2101 Beneficial owner
Hwabao Trust Co., Ltd	2301 Trustee
Shan Dong Fa Zhan Tou Zi Kong Gu Ji Tuan You Xian Gong Si

Shandong International Trust Co (HKSE:01697) Headlines

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