Sanbo Hospital Management Group (SZSE:301293) Cash-to-Debt : 9.54 (As of Mar. 2024)

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What is Sanbo Hospital Management Group 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. Sanbo Hospital Management Group's cash to debt ratio for the quarter that ended in Mar. 2024 was 9.54.

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, Sanbo Hospital Management Group 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 Sanbo Hospital Management Group's Cash-to-Debt or its related term are showing as below:

SZSE:301293' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.37 Med: 8.69 Max: No Debt
Current: 9.54

During the past 7 years, Sanbo Hospital Management Group's highest Cash to Debt Ratio was No Debt. The lowest was 2.37. And the median was 8.69.

SZSE:301293's Cash-to-Debt is ranked better than
81.12% of 662 companies
in the Healthcare Providers & Services industry
Industry Median: 0.69 vs SZSE:301293: 9.54

Sanbo Hospital Management Group Cash-to-Debt Historical Data

The historical data trend for Sanbo Hospital Management Group'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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Sanbo Hospital Management Group Cash-to-Debt Chart

Sanbo Hospital Management Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

1,885.33

3.88

2.37

2.95

9.16

Sanbo Hospital Management Group Quarterly Data
	Dec17	Dec18	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															3.13	8.25	9.13	9.16	9.54

Competitive Comparison of Sanbo Hospital Management Group's Cash-to-Debt

For the Medical Care Facilities subindustry, Sanbo Hospital Management Group'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.

Sanbo Hospital Management Group's Cash-to-Debt Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Sanbo Hospital Management Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Sanbo Hospital Management Group's Cash-to-Debt falls into.

Sanbo Hospital Management Group 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.

Sanbo Hospital Management Group'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)
	=	1584.536	/	(40.62	+	132.363)
	=	9.16

Sanbo Hospital Management Group'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)
	=	1519.18	/	(30.667	+	128.52)
	=	9.54

Sanbo Hospital Management Group (SZSE:301293) 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.

Sanbo Hospital Management Group Cash-to-Debt Related Terms

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Sanbo Hospital Management Group (SZSE:301293) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Sanbo Hospital Management Group Ltd (SZSE:301293) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 50 Yikesong, Xiangshan Road, Room 105, Building No. 23, Haidian District, Haidian District, CHN, Haidian District

Website

https://www.sbnkjt.com

Sanbo Hospital Management Group Ltd is a neurology medical group engaged in clinical medical services. It adheres to the vision of expertise in medicine, education, and research, advocates the coordinated development of medical treatment, teaching, and scientific research, and promotes the company's basic research and development in neurology. The company hosts/co-organizes several academic conferences, covering neurosurgery, neurology, anesthesia, nursing, etc., and actively promotes academic exchanges. The company has held more than 90 national, provincial and municipal continuing education projects and classes, and has trained nearly 6,000 people in total, to improve the diagnosis and treatment of neurologists at the grassroots level. The company operates in a chain of hospitals.

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