Cosco Shipping Development Co (Cosco Shipping Development Co) Cash-to-Debt : 0.14 (As of Mar. 2024)

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What is Cosco Shipping Development 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. Cosco Shipping Development Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.14.

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, Cosco Shipping Development Co couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Cosco Shipping Development Co's Cash-to-Debt or its related term are showing as below:

CITAF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.07 Med: 0.15 Max: 0.39
Current: 0.14

During the past 13 years, Cosco Shipping Development Co's highest Cash to Debt Ratio was 0.39. The lowest was 0.07. And the median was 0.15.

CITAF's Cash-to-Debt is ranked worse than
77.92% of 308 companies
in the Aerospace & Defense industry
Industry Median: 0.665 vs CITAF: 0.14

Cosco Shipping Development Co Cash-to-Debt Historical Data

The historical data trend for Cosco Shipping Development 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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Cosco Shipping Development Co Cash-to-Debt Chart

Cosco Shipping Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.10

0.13

0.21

0.17

0.15

Cosco Shipping Development Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.11	0.11	0.12	0.15	0.14

Competitive Comparison of Cosco Shipping Development Co's Cash-to-Debt

For the Aerospace & Defense subindustry, Cosco Shipping Development 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.

Cosco Shipping Development Co's Cash-to-Debt Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Cosco Shipping Development Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Cosco Shipping Development Co's Cash-to-Debt falls into.

Cosco Shipping Development 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.

Cosco Shipping Development 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)
	=	1917.063	/	(4629.002	+	8094.785)
	=	0.15

Cosco Shipping Development Co's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
	=	1713.827	/	(4439.674	+	8035.415)
	=	0.14

Cosco Shipping Development Co (OTCPK:CITAF) 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.

Cosco Shipping Development Co Cash-to-Debt Related Terms

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Cosco Shipping Development Co (Cosco Shipping Development Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Cosco Shipping Development Co Ltd (OTCPK:CITAF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CITAY:USA 02866:Hong Kong EZ5:Germany 601866:China

Address

Room A-538, International Trade Building, Pilot Free Trade Zone, Shanghai, CHN, 200127

Website

https://www.cscl.com.cn

COSCO SHIPPING Development Co Ltd is a China-based company operating and managing container shipping. Its services include container transportation, vessel chartering, cargo canvassing and booking, customs clearance, depot services, container construction, sales, purchase, and vessel management. The operating business segments are the Shipping and industry-related leasing segment, which renders vessel chartering, container leasing, and finance lease services, the Container manufacturing segment, which manufactures and sells containers, Investment and services segment, which focuses on equity or debt investment and insurance brokerage services; and Other businesses segment comprises, principally, cargo and liner agency services.

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