China High-Speed Railway Technology Co (SZSE:000008) Cash-to-Debt : 0.13 (As of Mar. 2024)

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What is China High-Speed Railway Technology 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 High-Speed Railway Technology Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.13.

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, China High-Speed Railway Technology Co couldn't 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 High-Speed Railway Technology Co's Cash-to-Debt or its related term are showing as below:

SZSE:000008' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09 Med: 0.67 Max: No Debt
Current: 0.13

During the past 13 years, China High-Speed Railway Technology Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.09. And the median was 0.67.

SZSE:000008's Cash-to-Debt is ranked worse than
82.81% of 1675 companies
in the Construction industry
Industry Median: 0.62 vs SZSE:000008: 0.13

China High-Speed Railway Technology Co Cash-to-Debt Historical Data

The historical data trend for China High-Speed Railway Technology 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 High-Speed Railway Technology Co Cash-to-Debt Chart

China High-Speed Railway Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.58

0.19

0.25

0.16

0.12

China High-Speed Railway Technology 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															0.20	0.23	0.09	0.12	0.13

Competitive Comparison of China High-Speed Railway Technology Co's Cash-to-Debt

For the Infrastructure Operations subindustry, China High-Speed Railway Technology 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 High-Speed Railway Technology Co's Cash-to-Debt Distribution in the Construction Industry

For the Construction industry and Industrials sector, China High-Speed Railway Technology Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where China High-Speed Railway Technology Co's Cash-to-Debt falls into.

China High-Speed Railway Technology 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 High-Speed Railway Technology 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)
	=	447.878	/	(3452.174	+	315.853)
	=	0.12

China High-Speed Railway Technology 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)
	=	525.357	/	(3608.302	+	314.273)
	=	0.13

China High-Speed Railway Technology Co (SZSE:000008) 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 High-Speed Railway Technology Co Cash-to-Debt Related Terms

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

China High-Speed Railway Technology Co (SZSE:000008) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » China High-Speed Railway Technology Co Ltd (SZSE:000008) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Gaoliangqiao Street, 16 / F, Building 1, No. 59, Haidian District, Beijing, CHN, 100044

Website

http://www.shenzhou-gaotie.com

China High-Speed Railway Technology Co Ltd is a China-based company engages in the operation and maintenance of rail transit. Its products include high power locomotive, long rail welding, and maintenance series, power supply system operation, railway intelligent equipment and station scheduling series. It provides overall solutions, core equipment, and integrated services for rail transit operations and maintenance.

Executives

Wang Zhi Quan	Directors, executives
Gao Hui	Supervisors
Wang Li Qun	Executives
Chen Wen He	Securities Affairs Representative
Lai Wei Qiang	Director
Xu Jin	Independent director
Chen Han Lun	Supervisors
Yang Jian	Supervisors

China High-Speed Railway Technology Co (SZSE:000008) Headlines

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