Deewin Tianxia Co (HKSE:02418) Cash-to-Debt : 0.23 (As of Dec. 2023)

View and export this data going back to 2022. Start your Free Trial

What is Deewin Tianxia 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. Deewin Tianxia Co'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, Deewin Tianxia 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 Deewin Tianxia Co's Cash-to-Debt or its related term are showing as below:

HKSE:02418' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.11 Med: 0.23 Max: 0.27
Current: 0.23

During the past 5 years, Deewin Tianxia Co's highest Cash to Debt Ratio was 0.27. The lowest was 0.11. And the median was 0.23.

HKSE:02418's Cash-to-Debt is ranked worse than
70.89% of 1295 companies
in the Vehicles & Parts industry
Industry Median: 0.56 vs HKSE:02418: 0.23

Deewin Tianxia Co Cash-to-Debt Historical Data

The historical data trend for Deewin Tianxia 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.

* Premium members only.

Deewin Tianxia Co Cash-to-Debt Chart

Deewin Tianxia Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.23

0.12

0.11

0.27

0.23

Deewin Tianxia Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			0.11	0.16	0.27	0.30	0.23

Competitive Comparison of Deewin Tianxia Co's Cash-to-Debt

For the Auto & Truck Dealerships subindustry, Deewin Tianxia 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.

Deewin Tianxia Co's Cash-to-Debt Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Deewin Tianxia Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Deewin Tianxia Co's Cash-to-Debt falls into.

Deewin Tianxia 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.

Deewin Tianxia 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)
	=	1191.324	/	(4521.621	+	613.215)
	=	0.23

Deewin Tianxia 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)
	=	1191.324	/	(4521.621	+	613.215)
	=	0.23

Deewin Tianxia Co (HKSE:02418) 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.

Deewin Tianxia Co Cash-to-Debt Related Terms

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

Deewin Tianxia Co (HKSE:02418) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Deewin Tianxia Co Ltd (HKSE:02418) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

29 West Section of Xijin Road, Building 1, Jingwei Centre, 16th Floor, Unit 1, Economic and Technological Development Zone, Jingwei New City, Shaanxi, Xi’an, CHN

Website

http://www.deewintx.com

Deewin Tianxia Co Ltd is principally engaged in the business of logistics and supply chain service including supply chain business, automobile sales business and aftermarket product business, supply chain financial service including financial leasing business, factoring business and insurance brokerage business, and internet of vehicle and data service in China to players along the commercial automobile industry chain. Commercial automobiles, mainly include trucks, pickups, trailers, buses and lorries.

Deewin Tianxia Co (HKSE:02418) Headlines

No Headlines