China Railway Signalmmunication (HKSE:03969) Cash-to-Debt : 3.08 (As of Dec. 2023)

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What is China Railway Signalmmunication 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. China Railway Signalmmunication's cash to debt ratio for the quarter that ended in Dec. 2023 was 3.08.

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 Railway Signalmmunication 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 Railway Signalmmunication's Cash-to-Debt or its related term are showing as below:

HKSE:03969' s Cash-to-Debt Range Over the Past 10 Years
Min: 3.08 Med: 5.6 Max: 30.68
Current: 3.08

During the past 10 years, China Railway Signalmmunication's highest Cash to Debt Ratio was 30.68. The lowest was 3.08. And the median was 5.60.

HKSE:03969's Cash-to-Debt is ranked better than
83.44% of 966 companies
in the Transportation industry
Industry Median: 0.49 vs HKSE:03969: 3.08

China Railway Signalmmunication Cash-to-Debt Historical Data

The historical data trend for China Railway Signalmmunication'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 Railway Signalmmunication Cash-to-Debt Chart

China Railway Signalmmunication Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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6.38

4.82

3.90

3.11

3.08

China Railway Signalmmunication Quarterly Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															3.11	2.93	2.95	3.08	N/A

Competitive Comparison of China Railway Signalmmunication's Cash-to-Debt

For the Railroads subindustry, China Railway Signalmmunication'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 Railway Signalmmunication's Cash-to-Debt Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, China Railway Signalmmunication's Cash-to-Debt distribution charts can be found below:

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

China Railway Signalmmunication 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 Railway Signalmmunication'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)
	=	24691.013	/	(4666.866	+	3340.843)
	=	3.08

China Railway Signalmmunication'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)
	=	24691.013	/	(4666.866	+	3340.843)
	=	3.08

China Railway Signalmmunication (HKSE:03969) 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 Railway Signalmmunication Cash-to-Debt Related Terms

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China Railway Signalmmunication (HKSE:03969) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » China Railway Signal & Communication Corp Ltd (HKSE:03969) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

CRYCY:USA 688009:China

Address

Automobile Museum South Road, CRSC Building, 1 Compound, Fengtai District, 20th Floor, Beijing, CHN, 100070

Website

http://www.crsc.cn

China Railway Signal & Communication Corp Ltd provides products and services on the entire industrial chain of rail transit control systems. The company's operating segments are the rail transportation control system segment which provides specialized three-in-one services of design and integration, equipment manufacturing, and system implementation services for rail transportation control systems, General project contracting segment engages in the provision of services relating to municipal and other construction projects, other segments mainly engage in trading. The firm generates a majority of its revenue from the rail transportation control system segment.

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