Shanghai Jin Jiang International Hotel (Group) Co (SHSE:600754) Cash-to-Debt : 0.44 (As of Dec. 2023)

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What is Shanghai Jin Jiang International Hotel (Group) 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. Shanghai Jin Jiang International Hotel (Group) Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.44.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Shanghai Jin Jiang International Hotel (Group) Co couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Shanghai Jin Jiang International Hotel (Group) Co's Cash-to-Debt or its related term are showing as below:

SHSE:600754' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.26 Med: 0.38 Max: 4.39
Current: 0.44

During the past 13 years, Shanghai Jin Jiang International Hotel (Group) Co's highest Cash to Debt Ratio was 4.39. The lowest was 0.26. And the median was 0.38.

SHSE:600754's Cash-to-Debt is ranked worse than
53.35% of 821 companies
in the Travel & Leisure industry
Industry Median: 0.6 vs SHSE:600754: 0.44

Shanghai Jin Jiang International Hotel (Group) Co Cash-to-Debt Historical Data

The historical data trend for Shanghai Jin Jiang International Hotel (Group) 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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Shanghai Jin Jiang International Hotel (Group) Co Cash-to-Debt Chart

Shanghai Jin Jiang International Hotel (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.40

0.26

0.29

0.35

0.44

Shanghai Jin Jiang International Hotel (Group) Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.35	0.34	0.41	0.46	0.44

Competitive Comparison of Shanghai Jin Jiang International Hotel (Group) Co's Cash-to-Debt

For the Lodging subindustry, Shanghai Jin Jiang International Hotel (Group) 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.

Shanghai Jin Jiang International Hotel (Group) Co's Cash-to-Debt Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Shanghai Jin Jiang International Hotel (Group) Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Shanghai Jin Jiang International Hotel (Group) Co's Cash-to-Debt falls into.

Shanghai Jin Jiang International Hotel (Group) Co 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.

Shanghai Jin Jiang International Hotel (Group) Co'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)
	=	10557.804	/	(5902.781	+	18208.505)
	=	0.44

Shanghai Jin Jiang International Hotel (Group) Co'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)
	=	10557.804	/	(5902.781	+	18208.505)
	=	0.44

Shanghai Jin Jiang International Hotel (Group) Co (SHSE:600754) 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.

Shanghai Jin Jiang International Hotel (Group) Co Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Shanghai Jin Jiang International Hotel (Group) Co's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Shanghai Jin Jiang International Hotel (Group) Co (SHSE:600754) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Shanghai Jin Jiang International Hotel (Group) Co Ltd (SHSE:600754) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

900934:China

Address

No. 100 Yan an East Road, 26th Floor, Union Building, Shanghai, CHN

Website

http://www.jinjianghotels.com.cn

Shanghai Jin Jiang International Hotel (Group) Co Ltd is one of the leading hotel group in China, engaged in hotel operation and management, franchising, and the businesses of restaurants, transportation, logistics, and travel agency. The group operates a wide range of hotels, including full-service hotels and select service hotels.

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