CSSC (Hong Kong) Shipping Co (HKSE:03877) Cash-to-Debt : 0.05 (As of Dec. 2023)

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What is CSSC (Hong Kong) Shipping 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. CSSC (Hong Kong) Shipping Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.05.

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, CSSC (Hong Kong) Shipping 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 CSSC (Hong Kong) Shipping Co's Cash-to-Debt or its related term are showing as below:

HKSE:03877' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05 Med: 0.13 Max: 0.17
Current: 0.05

During the past 8 years, CSSC (Hong Kong) Shipping Co's highest Cash to Debt Ratio was 0.17. The lowest was 0.05. And the median was 0.13.

HKSE:03877's Cash-to-Debt is ranked worse than
92.27% of 1061 companies
in the Business Services industry
Industry Median: 1.01 vs HKSE:03877: 0.05

CSSC (Hong Kong) Shipping Co Cash-to-Debt Historical Data

The historical data trend for CSSC (Hong Kong) Shipping 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.

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CSSC (Hong Kong) Shipping Co Cash-to-Debt Chart

CSSC (Hong Kong) Shipping Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.17

0.07

0.05

CSSC (Hong Kong) Shipping Co Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial									0.07	0.06	0.05	0.06	0.05

Competitive Comparison of CSSC (Hong Kong) Shipping Co's Cash-to-Debt

For the Rental & Leasing Services subindustry, CSSC (Hong Kong) Shipping 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.

CSSC (Hong Kong) Shipping Co's Cash-to-Debt Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, CSSC (Hong Kong) Shipping Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where CSSC (Hong Kong) Shipping Co's Cash-to-Debt falls into.

CSSC (Hong Kong) Shipping 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.

CSSC (Hong Kong) Shipping 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)
	=	1564.688	/	(0	+	31357.383)
	=	0.05

CSSC (Hong Kong) Shipping 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)
	=	1564.688	/	(0	+	31357.383)
	=	0.05

CSSC (Hong Kong) Shipping Co (HKSE:03877) 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.

CSSC (Hong Kong) Shipping Co Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of CSSC (Hong Kong) Shipping Co's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

CSSC (Hong Kong) Shipping Co (HKSE:03877) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » CSSC (Hong Kong) Shipping Co Ltd (HKSE:03877) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

3LL:Germany

Address

19 Des Voeux Road Central, Room 1801, 18th Floor, World-wide House, Hong Kong, HKG

Website

https://www.csscshipping.cn

CSSC (Hong Kong) Shipping Co Ltd is a shipyard-affiliated leasing company in Greater China. As a player in the ship leasing industry, it offers customized ship leasing solutions that suit customers' different needs. The core business of the group is the provision of leasing services, which include finance leases and operating leases. It operates through the below segments: Leasing services, Shipbroking services, and Loan borrowings. The Leasing services segment that derives the majority of revenue provides Leasing services.

CSSC (Hong Kong) Shipping Co (HKSE:03877) Headlines

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