JD Logistics (HKSE:02618) Cash-to-Debt : 1.21 (As of Dec. 2023)

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What is JD Logistics 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. JD Logistics's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.21.

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, JD Logistics could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for JD Logistics's Cash-to-Debt or its related term are showing as below:

HKSE:02618' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.87 Med: 1.35 Max: No Debt
Current: 1.21

During the past 6 years, JD Logistics's highest Cash to Debt Ratio was No Debt. The lowest was 0.87. And the median was 1.35.

HKSE:02618's Cash-to-Debt is ranked better than
70.81% of 966 companies
in the Transportation industry
Industry Median: 0.49 vs HKSE:02618: 1.21

JD Logistics Cash-to-Debt Historical Data

The historical data trend for JD Logistics'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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JD Logistics Cash-to-Debt Chart

JD Logistics Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.07

0.87

1.89

1.48

1.21

JD Logistics Quarterly Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial							N/A	1.48	1.40	N/A	1.21

Competitive Comparison of JD Logistics's Cash-to-Debt

For the Integrated Freight & Logistics subindustry, JD Logistics'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.

JD Logistics's Cash-to-Debt Distribution in the Transportation Industry

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

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

JD Logistics 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.

JD Logistics'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)
	=	36174.28	/	(12826.421	+	16981.817)
	=	1.21

JD Logistics'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)
	=	36174.28	/	(12826.421	+	16981.817)
	=	1.21

JD Logistics (HKSE:02618) 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.

JD Logistics Cash-to-Debt Related Terms

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

JD Logistics (HKSE:02618) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » JD Logistics Inc (HKSE:02618) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

JDLGF:USA 822:Germany

Address

No. 20 Kechuang 11 Street, 8th Floor, Building B, Yizhuang Economic and Technological Development Zone, Daxing District, Beijing, CHN, 101111

Website

https://www.jdl.cn

JD Logistics Inc, owned by leading China e-commerce company JD.com, is a technology-driven supply chain solutions and logistics services provider in China. It offers a full spectrum of supply chain solutions and logistics services, ranging from warehousing to distribution, spanning across manufacturing to end-customers, covering regular and specialized items. JDL services include formulating and executing supply chain strategies. Customers come from a wide array of industries, such as fast-moving consumer goods; or FMCG, apparel; home appliances; home furniture; computers, consumer electronics, and communications, or 3C; automotive; and fresh produce, among others.

JD Logistics (HKSE:02618) Headlines

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