Core Economy Investment Group (HKSE:00339) Cash-to-Debt : 2.32 (As of Dec. 2023)

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What is Core Economy Investment Group 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. Core Economy Investment Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 2.32.

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, Core Economy Investment Group 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 Core Economy Investment Group's Cash-to-Debt or its related term are showing as below:

HKSE:00339' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.08 Med: 5007.02 Max: No Debt
Current: 2.32

During the past 13 years, Core Economy Investment Group's highest Cash to Debt Ratio was No Debt. The lowest was 0.08. And the median was 5007.02.

HKSE:00339's Cash-to-Debt is ranked worse than
55.2% of 1442 companies
in the Asset Management industry
Industry Median: 5.72 vs HKSE:00339: 2.32

Core Economy Investment Group Cash-to-Debt Historical Data

The historical data trend for Core Economy Investment Group'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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Core Economy Investment Group Cash-to-Debt Chart

Core Economy Investment Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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6.55

14.05

0.57

0.08

2.32

Core Economy Investment Group Semi-Annual Data
	Jun14	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															0.57	0.43	0.08	0.06	2.32

Competitive Comparison of Core Economy Investment Group's Cash-to-Debt

For the Asset Management subindustry, Core Economy Investment Group'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.

Core Economy Investment Group's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Core Economy Investment Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Core Economy Investment Group's Cash-to-Debt falls into.

Core Economy Investment Group 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.

Core Economy Investment Group'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)
	=	7.022	/	(0	+	3.026)
	=	2.32

Core Economy Investment Group'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)
	=	7.022	/	(0	+	3.026)
	=	2.32

Core Economy Investment Group (HKSE:00339) 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.

Core Economy Investment Group Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Core Economy Investment Group's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Core Economy Investment Group (HKSE:00339) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Core Economy Investment Group Ltd (HKSE:00339) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

25 Harbour Road, 18 Floor, Harbour Centre, Room 1805, Wanchai, Hong Kong, HKG

Website

https://www.ceig.hk

Core Economy Investment Group Ltd is an investment company. It is engaged in the investment and trading of listed and unlisted equity securities. The investment objective of the company is to achieve earnings in the form of capital appreciation as well as income from interest and dividends mainly through investment in a diversified portfolio of listed and unlisted companies, in Hong Kong or China, or any other countries where such investment is considered profitable. The group's turnover is majorly derived from its investments in listed equity securities. The business activities of the company are carried out in Hong Kong.

Executives

Yang Zhicheng	2101 Beneficial owner
Zhong Jin Ke Ji Shi Ye You Xian Gong Si	2101 Beneficial owner
Zhu Wen Juan	2101 Beneficial owner
Huan Yu Shi Ji Kong Gu Ji Tuan You Xian Gong Si	2101 Beneficial owner
Hk Jin Tai Feng Group Limited	2101 Beneficial owner
Liu Sihan	2101 Beneficial owner
Sun Bo	2101 Beneficial owner
Zhong Bai Ke Ji Shi Ye Fa Zhan You Xian Gong Si	2201 Interest of corporation controlled by you
Liu Li	2201 Interest of corporation controlled by you
Wan Shi Xing Da Kong Gu Ji Tuan You Xian Gong Si	2101 Beneficial owner
Cheng Yun Hang	2101 Beneficial owner
Zhongmei Energy International Limited	2101 Beneficial owner
He Nan Sheng Ren Min Zheng Fu	2201 Interest of corporation controlled by you
He Yu	2101 Beneficial owner
Sun Oxford Co., Limited	2101 Beneficial owner

Core Economy Investment Group (HKSE:00339) Headlines

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