Shenzhen Special Economic Zone Real Estate And Properties (Group) Co (SZSE:000029) Cash-to-Debt : 7.32 (As of Mar. 2024)

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What is Shenzhen Special Economic Zone Real Estate And Properties (Group) 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. Shenzhen Special Economic Zone Real Estate And Properties (Group) Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 7.32.

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, Shenzhen Special Economic Zone Real Estate And Properties (Group) 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 Shenzhen Special Economic Zone Real Estate And Properties (Group) Co's Cash-to-Debt or its related term are showing as below:

SZSE:000029' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.52 Med: 7 Max: 118.82
Current: 7.32

During the past 13 years, Shenzhen Special Economic Zone Real Estate And Properties (Group) Co's highest Cash to Debt Ratio was 118.82. The lowest was 0.52. And the median was 7.00.

SZSE:000029's Cash-to-Debt is ranked better than
84.6% of 1792 companies
in the Real Estate industry
Industry Median: 0.26 vs SZSE:000029: 7.32

Shenzhen Special Economic Zone Real Estate And Properties (Group) Co Cash-to-Debt Historical Data

The historical data trend for Shenzhen Special Economic Zone Real Estate And Properties (Group) 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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Shenzhen Special Economic Zone Real Estate And Properties (Group) Co Cash-to-Debt Chart

Shenzhen Special Economic Zone Real Estate And Properties (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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48.62

34.95

21.29

5.43

8.07

Shenzhen Special Economic Zone Real Estate And Properties (Group) 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															3.44	2.21	2.63	8.07	7.32

Competitive Comparison of Shenzhen Special Economic Zone Real Estate And Properties (Group) Co's Cash-to-Debt

For the Real Estate - Diversified subindustry, Shenzhen Special Economic Zone Real Estate And Properties (Group) 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.

Shenzhen Special Economic Zone Real Estate And Properties (Group) Co's Cash-to-Debt Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Shenzhen Special Economic Zone Real Estate And Properties (Group) Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Shenzhen Special Economic Zone Real Estate And Properties (Group) Co's Cash-to-Debt falls into.

Shenzhen Special Economic Zone Real Estate And Properties (Group) 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.

Shenzhen Special Economic Zone Real Estate And Properties (Group) 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)
	=	1750.359	/	(37.606	+	179.432)
	=	8.06

Shenzhen Special Economic Zone Real Estate And Properties (Group) 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)
	=	1661.37	/	(47.596	+	179.432)
	=	7.32

Shenzhen Special Economic Zone Real Estate And Properties (Group) Co (SZSE:000029) 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.

Shenzhen Special Economic Zone Real Estate And Properties (Group) Co Cash-to-Debt Related Terms

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Shenzhen Special Economic Zone Real Estate And Properties (Group) Co (SZSE:000029) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Shenzhen Special Economic Zone Real Estate And Properties (Group) Co Ltd (SZSE:000029) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

200029:China

Address

No. 3005, Renmin South Road, 45th Floor-48th Floor, Shenfang Plaza, Guangdong, Shenzhen, CHN, 518001

Website

http://www.sfjt.com.cn

Shenzhen Special Economic Zone Real Estate And Properties (Group) Co Ltd is a real estate company. The company is engaged in real estate development and sales, property leasing and management, hotel service and construction and installation services. Its products and services include commodity housing, property leasing and management, hotel service, construction and installation service, and renovation service. The operating business division is a Real estate, Engineering and Construction, Rental services, Property management, and others. It generates maximum revenue from the Real estate division.

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