Jinshang Bank Co (HKSE:02558) Cash-to-Debt : 1.73 (As of Dec. 2023)

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What is Jinshang Bank 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. Jinshang Bank Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.73.

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

HKSE:02558' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.43 Med: 0.54 Max: 2.05
Current: 1.73

During the past 8 years, Jinshang Bank Co's highest Cash to Debt Ratio was 2.05. The lowest was 0.43. And the median was 0.54.

HKSE:02558's Cash-to-Debt is ranked better than
89.1% of 1431 companies
in the Banks industry
Industry Median: 1.3 vs HKSE:02558: 1.73

Jinshang Bank Co Cash-to-Debt Historical Data

The historical data trend for Jinshang Bank 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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Jinshang Bank Co Cash-to-Debt Chart

Jinshang Bank Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.43

0.45

0.48

0.60

1.73

Jinshang Bank Co Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial									0.48	0.73	0.60	1.26	1.73

Competitive Comparison of Jinshang Bank Co's Cash-to-Debt

For the Banks - Regional subindustry, Jinshang Bank 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.

Jinshang Bank Co's Cash-to-Debt Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Jinshang Bank Co's Cash-to-Debt distribution charts can be found below:

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

Jinshang Bank 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.

Jinshang Bank 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)
	=	41875.294	/	(0	+	24211.581)
	=	1.73

Jinshang Bank 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)
	=	41875.294	/	(0	+	24211.581)
	=	1.73

Jinshang Bank Co (HKSE:02558) 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.

Jinshang Bank Co Cash-to-Debt Related Terms

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Jinshang Bank Co (HKSE:02558) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Jinshang Bank Co Ltd (HKSE:02558) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

No. 59 Changfeng Street, Xiaodian District, Shanxi Province, Taiyuan, CHN, 030000

Website

https://www.jshbank.com

Jinshang Bank Co Ltd operates as a commercial bank. It offers deposits, loans, credit card, and other banking services. The bank's operating segments are Corporate banking, Retail banking, Treasury business, and others segment. It generates a majority of its revenue from the corporate banking segment which is engaged in the provision of a range of financial products and services to corporations, government agencies, and financial institutions. These products and services include corporate loans and advances, trade financing, deposit-taking activities, agency services, wealth management services, consulting and advisory services, remittance and settlement services and guarantee services among others.

Jinshang Bank Co (HKSE:02558) Headlines

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