Central New Energy Holding Group (HKSE:01735) Cash-to-Debt : 0.12 (As of Dec. 2023)

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What is Central New Energy Holding 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. Central New Energy Holding Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.12.

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, Central New Energy Holding 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 Central New Energy Holding Group's Cash-to-Debt or its related term are showing as below:

HKSE:01735' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.12 Med: 17.03 Max: No Debt
Current: 0.12

During the past 9 years, Central New Energy Holding Group's highest Cash to Debt Ratio was No Debt. The lowest was 0.12. And the median was 17.03.

HKSE:01735's Cash-to-Debt is ranked worse than
84.47% of 1674 companies
in the Construction industry
Industry Median: 0.62 vs HKSE:01735: 0.12

Central New Energy Holding Group Cash-to-Debt Historical Data

The historical data trend for Central New Energy Holding 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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Central New Energy Holding Group Cash-to-Debt Chart

Central New Energy Holding Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

185.21

0.44

1.22

0.12

Central New Energy Holding Group Semi-Annual Data
	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial											0.44	1.96	1.22	1.15	0.12

Competitive Comparison of Central New Energy Holding Group's Cash-to-Debt

For the Engineering & Construction subindustry, Central New Energy Holding 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.

Central New Energy Holding Group's Cash-to-Debt Distribution in the Construction Industry

For the Construction industry and Industrials sector, Central New Energy Holding Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Central New Energy Holding Group's Cash-to-Debt falls into.

Central New Energy Holding 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.

Central New Energy Holding 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)
	=	137.38	/	(834.75	+	288.431)
	=	0.12

Central New Energy Holding 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)
	=	137.38	/	(834.75	+	288.431)
	=	0.12

Central New Energy Holding Group (HKSE:01735) 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.

Central New Energy Holding Group Cash-to-Debt Related Terms

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Central New Energy Holding Group (HKSE:01735) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Central New Energy Holding Group Ltd (HKSE:01735) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

191 Java Road, 21th Floor, Unit 2102–03, 10–12, Central K.Wah Centre, North Point, Hong Kong, HKG

Website

http://www.chghk.com

Central New Energy Holding Group Ltd, formerly Central Holding Group Co Ltd is an investment holding company. The company's operating segment includes Building works and construction-related business, superstructure building works, and construction materials supplies; which provide piling works, excavation and lateral support works, and pile cap construction and building works in relation to the parts of the structure above the ground level and supplying of construction materials; Property development and investment; Property management; F&B supply chain; Health and wellness; New energy and EPC; and Smart logistic and information system. The company's geographical segments include Hong Kong and China, of which China accounts for the majority of its revenue.

Central New Energy Holding Group (HKSE:01735) Headlines

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