Central China Securities Co (HKSE:01375) Cash-to-Debt : 1.81 (As of Dec. 2023)

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What is Central China Securities 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. Central China Securities Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.81.

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, Central China Securities Co 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 Central China Securities Co's Cash-to-Debt or its related term are showing as below:

HKSE:01375' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.93 Med: 1.53 Max: 2.01
Current: 1.81

During the past 13 years, Central China Securities Co's highest Cash to Debt Ratio was 2.01. The lowest was 0.93. And the median was 1.53.

HKSE:01375's Cash-to-Debt is ranked better than
50.13% of 790 companies
in the Capital Markets industry
Industry Median: 1.78 vs HKSE:01375: 1.81

Central China Securities Co Cash-to-Debt Historical Data

The historical data trend for Central China Securities 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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Central China Securities Co Cash-to-Debt Chart

Central China Securities Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.39

1.66

1.70

1.89

1.81

Central China Securities Co 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															1.89	1.74	1.89	1.72	1.81

Competitive Comparison of Central China Securities Co's Cash-to-Debt

For the Capital Markets subindustry, Central China Securities 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.

Central China Securities Co's Cash-to-Debt Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Central China Securities Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Central China Securities Co's Cash-to-Debt falls into.

Central China Securities Co Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents 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.

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

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	24193.092	/	(0	+	13403.72)
	=	1.80

Central China Securities Co's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	24193.092	/	(0	+	13403.72)
	=	1.80

Central China Securities Co (HKSE:01375) 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.

Central China Securities Co Cash-to-Debt Related Terms

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Central China Securities Co (HKSE:01375) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Central China Securities Co Ltd (HKSE:01375) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

21C:Germany 601375:China

Address

No. 248 Queen’s Road East, 40th Floor, Dah Sing Financial Centre, Wanchai, Hong Kong, HKG

Website

https://www.ccnew.com

Central China Securities Co Ltd is a securities firm in Henan with a full-service business platform and strategic presence in China. Its principal business lines include a brokerage, which is engaged in the trading of stocks, funds, and bonds; margin financing, securities lending, and wealth management services; investment banking, which provides investment banking services including equity financing, debt financing, and financial advisory to institutional clients; investment management, which consists of asset management, direct investment, and fund management; the proprietary trading segment, which is engaged in the trading of securities and derivatives and Other business. Overseas business engage in brokerage, margin financing and Other businesses consist of the treasury function.

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