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Canggang Railway (HKSE:02169) Cash-to-Debt : 0.23 (As of Dec. 2023)


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What is Canggang Railway 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. Canggang Railway's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.23.

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, Canggang Railway 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 Canggang Railway's Cash-to-Debt or its related term are showing as below:

HKSE:02169' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06   Med: 0.23   Max: 0.5
Current: 0.23

During the past 7 years, Canggang Railway's highest Cash to Debt Ratio was 0.50. The lowest was 0.06. And the median was 0.23.

HKSE:02169's Cash-to-Debt is ranked worse than
68.42% of 969 companies
in the Transportation industry
Industry Median: 0.49 vs HKSE:02169: 0.23

Canggang Railway Cash-to-Debt Historical Data

The historical data trend for Canggang Railway'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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Canggang Railway Cash-to-Debt Chart

Canggang Railway Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash-to-Debt
Get a 7-Day Free Trial 0.06 0.50 0.43 0.42 0.23

Canggang Railway Semi-Annual Data
Dec17 Dec18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 0.43 0.38 0.42 0.41 0.23

Competitive Comparison of Canggang Railway's Cash-to-Debt

For the Railroads subindustry, Canggang Railway'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.


Canggang Railway's Cash-to-Debt Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Canggang Railway's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Canggang Railway's Cash-to-Debt falls into.



Canggang Railway 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.

Canggang Railway's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Canggang Railway's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

* 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.


Canggang Railway  (HKSE:02169) 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.


Canggang Railway Cash-to-Debt Related Terms

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


Canggang Railway (HKSE:02169) Business Description

Traded in Other Exchanges
N/A
Address
Yangzhuang Station, Yangerzhuang Town, Huanghua, Hebei Province, Cangzhou, CHN
Canggang Railway Ltd is a local railway operator based in Hebei Province. The company operates in two segments, rail freight transportation services, and other ancillary services, including loading and unloading, road freight transportation, construction, repair and maintenance of Special Service Lines, railway roadbed and other railway facility construction, and certain other businesses. It operates one railway, the Canggang Railway Line, which connects the Shuo-Huang Railway Line and the Han-Huang Railway Line with the Bohai New Area in Cangzhou. Its railway line also connects the Beijing-Shanghai Railway Line. The company earns its revenue from rail freight transportation services.

Canggang Railway (HKSE:02169) Headlines

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