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Jiling Expressway Co (SHSE:601518) Cash-to-Debt : 35.08 (As of Mar. 2024)


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What is Jiling Expressway 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. Jiling Expressway Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 35.08.

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, Jiling Expressway 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 Jiling Expressway Co's Cash-to-Debt or its related term are showing as below:

SHSE:601518' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.1   Med: 0.38   Max: 108.85
Current: 35.08

During the past 13 years, Jiling Expressway Co's highest Cash to Debt Ratio was 108.85. The lowest was 0.10. And the median was 0.38.

SHSE:601518's Cash-to-Debt is ranked better than
90.97% of 1672 companies
in the Construction industry
Industry Median: 0.63 vs SHSE:601518: 35.08

Jiling Expressway Co Cash-to-Debt Historical Data

The historical data trend for Jiling Expressway 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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Jiling Expressway Co Cash-to-Debt Chart

Jiling Expressway Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash-to-Debt
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.42 0.46 0.73 71.74 32.97

Jiling Expressway Co Quarterly Data
Jun19 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 84.51 70.38 108.85 32.97 35.08

Competitive Comparison of Jiling Expressway Co's Cash-to-Debt

For the Infrastructure Operations subindustry, Jiling Expressway 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.


Jiling Expressway Co's Cash-to-Debt Distribution in the Construction Industry

For the Construction industry and Industrials sector, Jiling Expressway Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Jiling Expressway Co's Cash-to-Debt falls into.



Jiling Expressway 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.

Jiling Expressway Co's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Jiling Expressway Co's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

* 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.


Jiling Expressway Co  (SHSE:601518) 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.


Jiling Expressway Co Cash-to-Debt Related Terms

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Jiling Expressway Co (SHSE:601518) Business Description

Traded in Other Exchanges
N/A
Address
No. 4488 Pudong Road, Economic and Technological Development Zone, Jilin Province, Changchun, CHN, 130033
Jiling Expressway Co Ltd is a China-based company engaged in the operation and development of toll expressways and highways.

Jiling Expressway Co (SHSE:601518) Headlines

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