China International Capital (HKSE:03908) Cash-to-Debt

: 1.54 (As of Dec. 2023)

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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. China International Capital's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.54.

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, China International 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 China International Capital's Cash-to-Debt or its related term are showing as below:

HKSE:03908' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.42 Med: 1.59 Max: 2.26
Current: 1.54

During the past 12 years, China International Capital's highest Cash to Debt Ratio was 2.26. The lowest was 1.42. And the median was 1.59.

HKSE:03908's Cash-to-Debt is ranked worse than
53.99% of 789 companies
in the Capital Markets industry
Industry Median: 1.76 vs HKSE:03908: 1.54

China International Capital Cash-to-Debt Historical Data

The historical data trend for China International 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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China International Capital Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

1.53

1.59

1.69

1.58

1.54

China International Capital Quarterly Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Cash-to-Debt																N/A	1.58	1.66	N/A	1.54

Competitive Comparison

For the Capital Markets subindustry, China International 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.

China International Capital Cash-to-Debt Distribution

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

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

China International 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.

China International 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)
	=	472401.926	/	(185840.025	+	120774.367)
	=	1.54

China International 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)
	=	472401.926	/	(185840.025	+	120774.367)
	=	1.54

China International Capital (HKSE:03908) 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.

China International Capital Cash-to-Debt Related Terms

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China International Capital (HKSE:03908) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » China International Capital Corp Ltd (HKSE:03908) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CNICF:USA CIM:Germany 601995:China

Address

1 Jianguomenwai Avenue, 27th and 28th Floor, China World Office 2, Chaoyang District, Beijing, CHN, 100004

Website

https://www.cicc.com

China International Capital Corp Ltd is a capital market operations company based in China. Its business is carried through investment banking, equity sales and trading, fixed income commodities and currencies, Asset Management; Wealth management, and private equity segments. The company derives its earnings predominantly from China and the rest from overseas. It generates maximum revenue from Wealth management segment.

China International Capital (HKSE:03908) Headlines

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