Soochow Securities Co (SHSE:601555) Cash-to-Debt : 1.32 (As of Mar. 2024)

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What is Soochow Securities 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. Soochow Securities Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.32.

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

SHSE:601555' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.35 Med: 1.17 Max: 1.94
Current: 1.32

During the past 13 years, Soochow Securities Co's highest Cash to Debt Ratio was 1.94. The lowest was 0.35. And the median was 1.17.

SHSE:601555's Cash-to-Debt is ranked worse than
58.74% of 795 companies
in the Capital Markets industry
Industry Median: 1.89 vs SHSE:601555: 1.32

Soochow Securities Co Cash-to-Debt Historical Data

The historical data trend for Soochow Securities 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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Soochow Securities Co Cash-to-Debt Chart

Soochow Securities Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.07

1.33

1.94

1.49

1.34

Soochow Securities 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															1.39	1.35	1.30	1.34	1.32

Competitive Comparison of Soochow Securities Co's Cash-to-Debt

For the Capital Markets subindustry, Soochow Securities 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.

Soochow Securities Co's Cash-to-Debt Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Soochow Securities Co's Cash-to-Debt distribution charts can be found below:

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

Soochow Securities 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.

Soochow Securities 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)
	=	57274.114	/	(0	+	42630.256)
	=	1.34

Soochow Securities Co's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
	=	57276.232	/	(0	+	43470.577)
	=	1.32

Soochow Securities Co (SHSE:601555) 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.

Soochow Securities Co Cash-to-Debt Related Terms

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

Soochow Securities Co (SHSE:601555) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Soochow Securities Co Ltd (SHSE:601555) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

No.5 Xingyang Street, Suzhou Industrial Park, Jiangsu Province, Suzhou, CHN, 215021

Website

http://www.dwjq.com.cn

Soochow Securities Co Ltd is a securities company. Its businesses include securities brokerage, investment banking, securities investing, asset management, fixed-income investing, margin financing and wealth management. The group also act as a support system of research consulting, information technology and risk management, creating a co-development and win-win cooperation future for customers. Geographically the activities are carried out through China.

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