Dongguan Rural Commercial Bank Co (HKSE:09889) Cash-to-Debt : 0.74 (As of Dec. 2023)

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What is Dongguan Rural Commercial Bank 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. Dongguan Rural Commercial Bank Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.74.

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, Dongguan Rural Commercial Bank 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 Dongguan Rural Commercial Bank Co's Cash-to-Debt or its related term are showing as below:

HKSE:09889' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.7 Med: 0.83 Max: 1.03
Current: 0.74

During the past 6 years, Dongguan Rural Commercial Bank Co's highest Cash to Debt Ratio was 1.03. The lowest was 0.70. And the median was 0.83.

HKSE:09889's Cash-to-Debt is ranked worse than
65.17% of 1430 companies
in the Banks industry
Industry Median: 1.29 vs HKSE:09889: 0.74

Dongguan Rural Commercial Bank Co Cash-to-Debt Historical Data

The historical data trend for Dongguan Rural Commercial Bank 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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Dongguan Rural Commercial Bank Co Cash-to-Debt Chart

Dongguan Rural Commercial Bank Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.95

1.03

0.70

0.84

0.74

Dongguan Rural Commercial Bank Co Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial					0.70	0.92	0.84	0.63	0.74

Competitive Comparison of Dongguan Rural Commercial Bank Co's Cash-to-Debt

For the Banks - Regional subindustry, Dongguan Rural Commercial Bank 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.

Dongguan Rural Commercial Bank Co's Cash-to-Debt Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Dongguan Rural Commercial Bank Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Dongguan Rural Commercial Bank Co's Cash-to-Debt falls into.

Dongguan Rural Commercial Bank Co Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents 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.

Dongguan Rural Commercial Bank Co's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	58205.508	/	(0	+	79131.162)
	=	0.74

Dongguan Rural Commercial Bank Co's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	58205.508	/	(0	+	79131.162)
	=	0.74

Dongguan Rural Commercial Bank Co (HKSE:09889) 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.

Dongguan Rural Commercial Bank Co Cash-to-Debt Related Terms

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

Dongguan Rural Commercial Bank Co (HKSE:09889) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Dongguan Rural Commercial Bank Co Ltd (HKSE:09889) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

No.2, Hongfu East Road, Dongcheng District, Guangdong Province, Dongguan, CHN, 523123

Website

https://www.drcbank.com

Dongguan Rural Commercial Bank Co Ltd is engaged in providing financial services in China. It operates in four segments: Corporate banking, which covers financial products and services to corporate customers, governments, and financial institutions; Personal banking business segment covers financial products and services to individual customers; Treasury segment covers the Group's money market transactions, repurchase transactions, debt instrument investments, wealth management products, and precious metals; and Others.

Dongguan Rural Commercial Bank Co (HKSE:09889) Headlines

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