JiLin JiuTai Rural Commercial Bank (HKSE:06122) Cash-to-Debt : 10.82 (As of Dec. 2023)

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What is JiLin JiuTai Rural Commercial Bank 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. JiLin JiuTai Rural Commercial Bank's cash to debt ratio for the quarter that ended in Dec. 2023 was 10.82.

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, JiLin JiuTai Rural Commercial Bank 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 JiLin JiuTai Rural Commercial Bank's Cash-to-Debt or its related term are showing as below:

HKSE:06122' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.66 Med: 4.23 Max: 11.6
Current: 10.82

During the past 11 years, JiLin JiuTai Rural Commercial Bank's highest Cash to Debt Ratio was 11.60. The lowest was 1.66. And the median was 4.23.

HKSE:06122's Cash-to-Debt is ranked better than
87.33% of 1437 companies
in the Banks industry
Industry Median: 1.26 vs HKSE:06122: 10.82

JiLin JiuTai Rural Commercial Bank Cash-to-Debt Historical Data

The historical data trend for JiLin JiuTai Rural Commercial Bank'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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JiLin JiuTai Rural Commercial Bank Cash-to-Debt Chart

JiLin JiuTai Rural Commercial Bank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

2.12

4.23

6.17

7.99

10.82

JiLin JiuTai Rural Commercial Bank Semi-Annual Data
	Dec13	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															6.17	7.35	7.99	10.49	10.82

Competitive Comparison of JiLin JiuTai Rural Commercial Bank's Cash-to-Debt

For the Banks - Regional subindustry, JiLin JiuTai Rural Commercial Bank'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.

JiLin JiuTai Rural Commercial Bank's Cash-to-Debt Distribution in the Banks Industry

For the Banks industry and Financial Services sector, JiLin JiuTai Rural Commercial Bank's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where JiLin JiuTai Rural Commercial Bank's Cash-to-Debt falls into.

JiLin JiuTai Rural Commercial Bank 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.

JiLin JiuTai Rural Commercial Bank'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)
	=	43387.334	/	(0	+	4011.822)
	=	10.81

JiLin JiuTai Rural Commercial Bank'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)
	=	43387.334	/	(0	+	4011.822)
	=	10.81

JiLin JiuTai Rural Commercial Bank (HKSE:06122) 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.

JiLin JiuTai Rural Commercial Bank Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of JiLin JiuTai Rural Commercial Bank's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

JiLin JiuTai Rural Commercial Bank (HKSE:06122) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » JiLin JiuTai Rural Commercial Bank Corp Ltd (HKSE:06122) » Definitions » Cash-to-Debt

Traded in Other Exchanges

2JJ:Germany

Address

No. 2559 Wei Shan Road, High and New Technology Development Zone, Jilin Province, Changchun, CHN

Website

https://www.jtnsh.com

JiLin JiuTai Rural Commercial Bank Corp Ltd is engaged in the provision of banking services. The company's operating segment includes Corporate banking; Retail banking; Treasury operations and Others. The bank offers loan business, deposits, certificates of deposits, and other related services. It generates maximum revenue from the Corporate banking segment. Geographically, the firm operates in Mainland China.

JiLin JiuTai Rural Commercial Bank (HKSE:06122) Headlines

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