Jia Yao Holdings (HKSE:01626) Cash-to-Debt : 3.35 (As of Dec. 2023)

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What is Jia Yao Holdings 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. Jia Yao Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 3.35.

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, Jia Yao Holdings 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 Jia Yao Holdings's Cash-to-Debt or its related term are showing as below:

HKSE:01626' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.39 Med: 0.71 Max: 3.51
Current: 3.35

During the past 11 years, Jia Yao Holdings's highest Cash to Debt Ratio was 3.51. The lowest was 0.39. And the median was 0.71.

HKSE:01626's Cash-to-Debt is ranked better than
77.45% of 377 companies
in the Packaging & Containers industry
Industry Median: 0.41 vs HKSE:01626: 3.35

Jia Yao Holdings Cash-to-Debt Historical Data

The historical data trend for Jia Yao Holdings'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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Jia Yao Holdings Cash-to-Debt Chart

Jia Yao Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.34

0.63

0.64

3.51

3.35

Jia Yao Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.64	1.48	3.51	2.99	3.35

Competitive Comparison of Jia Yao Holdings's Cash-to-Debt

For the Packaging & Containers subindustry, Jia Yao Holdings'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.

Jia Yao Holdings's Cash-to-Debt Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Jia Yao Holdings's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Jia Yao Holdings's Cash-to-Debt falls into.

Jia Yao Holdings 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.

Jia Yao Holdings'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)
	=	340.336	/	(79.407	+	22.07)
	=	3.35

Jia Yao Holdings'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)
	=	340.336	/	(79.407	+	22.07)
	=	3.35

Jia Yao Holdings (HKSE:01626) 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.

Jia Yao Holdings Cash-to-Debt Related Terms

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Jia Yao Holdings (HKSE:01626) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Jia Yao Holdings Ltd (HKSE:01626) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 6 Qingdao Road, Dongshan Economic Developing District, Hubei Province, Yichang, CHN

Website

http://www.jiayaoholdings.com/en

Jia Yao Holdings Ltd is involved in the business of design, printing and sales of paper cigarette packages and social product paper packages. The segments of the group are Paper cigarette packages; Social product paper packages; Electronic cigarettes and Trading goods. It derives key revenue from the Paper cigarette packages segment which involves the design, printing and sale of paper cigarette packages. The company manufactures various types of paper cigarette packages for customers, which can be broadly divided into Hard and soft cigarette packets; Cigarette cartons; and Gift sets designed to pack and carry various sets of cigarette packets. Social product paper packages segment involves the design, printing and sale of packages for alcohol, medicines and food, among others.

Jia Yao Holdings (HKSE:01626) Headlines

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