Hong Kong ChaoShang Group (HKSE:02322) Cash-to-Debt : 10.68 (As of Sep. 2023)

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What is Hong Kong ChaoShang 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. Hong Kong ChaoShang Group's cash to debt ratio for the quarter that ended in Sep. 2023 was 10.68.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Hong Kong ChaoShang Group could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

The historical rank and industry rank for Hong Kong ChaoShang Group's Cash-to-Debt or its related term are showing as below:

HKSE:02322' s Cash-to-Debt Range Over the Past 10 Years
Min: 3.98 Med: 15.48 Max: No Debt
Current: 10.68

During the past 13 years, Hong Kong ChaoShang Group's highest Cash to Debt Ratio was No Debt. The lowest was 3.98. And the median was 15.48.

HKSE:02322's Cash-to-Debt is ranked better than
85.28% of 523 companies
in the Conglomerates industry
Industry Median: 0.48 vs HKSE:02322: 10.68

Hong Kong ChaoShang Group Cash-to-Debt Historical Data

The historical data trend for Hong Kong ChaoShang 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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Hong Kong ChaoShang Group Cash-to-Debt Chart

Hong Kong ChaoShang Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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No Debt

6.33

13.92

17.04

7.08

Hong Kong ChaoShang Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															58.08	17.04	8.17	7.08	10.68

Competitive Comparison of Hong Kong ChaoShang Group's Cash-to-Debt

For the Conglomerates subindustry, Hong Kong ChaoShang 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.

Hong Kong ChaoShang Group's Cash-to-Debt Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Hong Kong ChaoShang Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Hong Kong ChaoShang Group's Cash-to-Debt falls into.

Hong Kong ChaoShang 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.

Hong Kong ChaoShang Group's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	147.755	/	(10.564	+	10.318)
	=	7.08

Hong Kong ChaoShang Group's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	169.324	/	(10.439	+	5.42)
	=	10.68

Hong Kong ChaoShang Group (HKSE:02322) 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.

Hong Kong ChaoShang Group Cash-to-Debt Related Terms

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Hong Kong ChaoShang Group (HKSE:02322) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Hong Kong ChaoShang Group Ltd (HKSE:02322) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

26 Harbour Road, Suite 2202, 22nd Floor, China Resources Building, Wanchai, Hong Kong, HKG

Website

http://www.chaoshang.hk

Hong Kong ChaoShang Group Ltd is an investment holding company. It is engaged in Trading, Moneylending, Finance leasing, and Finance Services. The trading segment is a key revenue driver, involved in the trading of goods in the PRC. Money lending includes the provision of loan and factoring financing in Hong Kong and the PRC whereas, the finance leasing segment is engaged in the provision of finance leasing and sale-leaseback in the PRC. The financial services segment engaged in the provision of securities dealing broking, placing, underwriting, margin financing and asset management services in Hong Kong.

Hong Kong ChaoShang Group (HKSE:02322) Headlines

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