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Hichain Logistics Co (SZSE:300873) Cash-to-Debt : 5.13 (As of Mar. 2024)


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What is Hichain Logistics 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. Hichain Logistics Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 5.13.

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

SZSE:300873' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.7   Med: 20.8   Max: 3267.79
Current: 5.13

During the past 8 years, Hichain Logistics Co's highest Cash to Debt Ratio was 3267.79. The lowest was 0.70. And the median was 20.80.

SZSE:300873's Cash-to-Debt is ranked better than
87.12% of 963 companies
in the Transportation industry
Industry Median: 0.48 vs SZSE:300873: 5.13

Hichain Logistics Co Cash-to-Debt Historical Data

The historical data trend for Hichain Logistics 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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Hichain Logistics Co Cash-to-Debt Chart

Hichain Logistics Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash-to-Debt
Get a 7-Day Free Trial 585.33 20.80 30.03 4.89 6.78

Hichain Logistics 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 5.24 6.29 5.77 6.78 5.13

Competitive Comparison of Hichain Logistics Co's Cash-to-Debt

For the Integrated Freight & Logistics subindustry, Hichain Logistics 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.


Hichain Logistics Co's Cash-to-Debt Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Hichain Logistics Co's Cash-to-Debt distribution charts can be found below:

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



Hichain Logistics 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.

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

Hichain Logistics 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.


Hichain Logistics Co  (SZSE:300873) 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.


Hichain Logistics Co Cash-to-Debt Related Terms

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Hichain Logistics Co (SZSE:300873) Business Description

Traded in Other Exchanges
N/A
Address
111 Quanhai Road, Wujiang Economic and Technological Development Zone, Jiangsu Province, Suzhou, CHN, 215200
Hichain Logistics Co Ltd is a provider of all-round and integrated modern integrated logistics services for related enterprises in the electronic information industry. The company provides comprehensive logistics solutions integrating transportation, warehousing, customs and other value-added services for technology manufacturing enterprises. Its services include Road Transportation; Intelligent Warehousing; Customs Brokerage; Integrated Zone Service; and International Freight Forwarding.

Hichain Logistics Co (SZSE:300873) Headlines

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