China Industrial Securities International Financial Group (HKSE:06058) Cash-to-Debt : 1.29 (As of Dec. 2023)

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What is China Industrial Securities International Financial 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. China Industrial Securities International Financial Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.29.

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, China Industrial Securities International Financial Group 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 China Industrial Securities International Financial Group's Cash-to-Debt or its related term are showing as below:

HKSE:06058' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.1 Med: 0.96 Max: 1.52
Current: 1.29

During the past 10 years, China Industrial Securities International Financial Group's highest Cash to Debt Ratio was 1.52. The lowest was 0.10. And the median was 0.96.

HKSE:06058's Cash-to-Debt is ranked worse than
54.26% of 481 companies
in the Diversified Financial Services industry
Industry Median: 2.56 vs HKSE:06058: 1.29

China Industrial Securities International Financial Group Cash-to-Debt Historical Data

The historical data trend for China Industrial Securities International Financial 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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China Industrial Securities International Financial Group Cash-to-Debt Chart

China Industrial Securities International Financial Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.93

1.00

1.44

1.52

1.29

China Industrial Securities International Financial Group Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial													1.44	1.37	1.52	1.42	1.29

Competitive Comparison of China Industrial Securities International Financial Group's Cash-to-Debt

For the Financial Conglomerates subindustry, China Industrial Securities International Financial 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.

China Industrial Securities International Financial Group's Cash-to-Debt Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, China Industrial Securities International Financial Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where China Industrial Securities International Financial Group's Cash-to-Debt falls into.

China Industrial Securities International Financial 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.

China Industrial Securities International Financial Group'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)
	=	11196.992	/	(7801.242	+	906.299)
	=	1.29

China Industrial Securities International Financial Group'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)
	=	11196.992	/	(7801.242	+	906.299)
	=	1.29

China Industrial Securities International Financial Group (HKSE:06058) 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.

China Industrial Securities International Financial Group Cash-to-Debt Related Terms

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China Industrial Securities International Financial Group (HKSE:06058) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » China Industrial Securities International Financial Group Ltd (HKSE:06058) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

199 Des Voeux Road Central, 32 & 25 Floor, Infinitus Plaza, Sheung Wan, Hong Kong, HKG

Website

https://www.xyzq.com.hk

China Industrial Securities International Financial Group Ltd offers integrated financial services. It operates in the business segments of Brokerage, Margin financing, Corporate finance, Asset management, Financial products & investments, and Others. The company generates the majority of its revenue from the Brokerage segment. Its revenue is primarily generated from activities based in Hong Kong.

Executives

Industrial Securities (hong Kong) Financial Holdings Limited	2101 Beneficial owner
Xing Ye Zheng Quan Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you

China Industrial Securities International Financial Group (HKSE:06058) Headlines

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