China National Gold Group Gold Jewellery Co (SHSE:600916) Cash-to-Debt : 33.30 (As of Mar. 2024)

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What is China National Gold Group Gold Jewellery 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. China National Gold Group Gold Jewellery Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 33.30.

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 National Gold Group Gold Jewellery Co could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for China National Gold Group Gold Jewellery Co's Cash-to-Debt or its related term are showing as below:

SHSE:600916' s Cash-to-Debt Range Over the Past 10 Years
Min: 4.55 Med: 22.45 Max: No Debt
Current: 33.3

During the past 8 years, China National Gold Group Gold Jewellery Co's highest Cash to Debt Ratio was No Debt. The lowest was 4.55. And the median was 22.45.

SHSE:600916's Cash-to-Debt is ranked better than
92.77% of 1106 companies
in the Retail - Cyclical industry
Industry Median: 0.465 vs SHSE:600916: 33.30

China National Gold Group Gold Jewellery Co Cash-to-Debt Historical Data

The historical data trend for China National Gold Group Gold Jewellery 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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China National Gold Group Gold Jewellery Co Cash-to-Debt Chart

China National Gold Group Gold Jewellery Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

12.84

17.97

20.22

27.75

China National Gold Group Gold Jewellery Co Quarterly Data
	Dec18	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															15.13	11.27	13.88	27.75	33.30

Competitive Comparison of China National Gold Group Gold Jewellery Co's Cash-to-Debt

For the Luxury Goods subindustry, China National Gold Group Gold Jewellery 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.

China National Gold Group Gold Jewellery Co's Cash-to-Debt Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, China National Gold Group Gold Jewellery Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where China National Gold Group Gold Jewellery Co's Cash-to-Debt falls into.

China National Gold Group Gold Jewellery 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.

China National Gold Group Gold Jewellery 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)
	=	6033.028	/	(40.908	+	176.486)
	=	27.75

China National Gold Group Gold Jewellery Co's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
	=	7159.208	/	(35.966	+	179.007)
	=	33.30

China National Gold Group Gold Jewellery Co (SHSE:600916) 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 National Gold Group Gold Jewellery Co Cash-to-Debt Related Terms

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

China National Gold Group Gold Jewellery Co (SHSE:600916) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » China National Gold Group Gold Jewellery Co Ltd (SHSE:600916) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

No. 2, Jingyuan North Street, Room 305, Building 49, Economic and Technological Development Zone, Beijing, CHN, 100176

Website

https://www.chnau99999.com

China National Gold Group Gold & Jewelery Co Ltd is a professional gold jewelry production and sales enterprise specializing in the operation of the China Gold brand.

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