Jinhua Capital (TSXV:JHC) Cash-to-Debt : 576.00 (As of Dec. 2023)

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What is Jinhua Capital 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. Jinhua Capital's cash to debt ratio for the quarter that ended in Dec. 2023 was 576.00.

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, Jinhua Capital could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Jinhua Capital's Cash-to-Debt or its related term are showing as below:

TSXV:JHC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.06 Max: No Debt
Current: 576

During the past 13 years, Jinhua Capital's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 0.06.

TSXV:JHC's Cash-to-Debt is ranked better than
57.89% of 475 companies
in the Diversified Financial Services industry
Industry Median: 2.24 vs TSXV:JHC: 576.00

Jinhua Capital Cash-to-Debt Historical Data

The historical data trend for Jinhua Capital'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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Jinhua Capital Cash-to-Debt Chart

Jinhua Capital Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.30

No Debt

0.07

576.00

Jinhua Capital Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.07	26.37	23.55	18.10	576.00

Competitive Comparison of Jinhua Capital's Cash-to-Debt

For the Shell Companies subindustry, Jinhua Capital'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.

Jinhua Capital's Cash-to-Debt Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Jinhua Capital's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Jinhua Capital's Cash-to-Debt falls into.

Jinhua Capital 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.

Jinhua Capital'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)
	=	0.576	/	(0	+	0.001)
	=	576.00

Jinhua Capital's Cash to Debt Ratio for the quarter 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)
	=	0.576	/	(0	+	0.001)
	=	576.00

Jinhua Capital (TSXV:JHC) 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.

Jinhua Capital Cash-to-Debt Related Terms

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

Jinhua Capital (TSXV:JHC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Jinhua Capital Corp (TSXV:JHC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

2905 - 700 West Georgia Street, Vancouver, BC, CAN, V7Y 1C6

Website

Jinhua Capital Corp is a capital pool company. The principal business of the Corporation is to identify and evaluate assets or businesses with a view to potentially acquiring them or an interest therein as a result of the closing of a purchase transaction, the exercising of an option or any concomitant transaction.

Jinhua Capital (TSXV:JHC) Headlines

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