China Financial International Investments (HKSE:00721) Cash-to-Debt : 2.67 (As of Dec. 2023)

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What is China Financial International Investments 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 Financial International Investments's cash to debt ratio for the quarter that ended in Dec. 2023 was 2.67.

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 Financial International Investments 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 Financial International Investments's Cash-to-Debt or its related term are showing as below:

HKSE:00721' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.31 Med: 6.07 Max: 21.35
Current: 2.67

During the past 13 years, China Financial International Investments's highest Cash to Debt Ratio was 21.35. The lowest was 0.31. And the median was 6.07.

HKSE:00721's Cash-to-Debt is not ranked
in the Asset Management industry.
Industry Median: 5.66 vs HKSE:00721: 2.67

China Financial International Investments Cash-to-Debt Historical Data

The historical data trend for China Financial International Investments'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 Financial International Investments Cash-to-Debt Chart

China Financial International Investments Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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8.78

2.59

5.66

8.20

1.37

China Financial International Investments 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															7.48	8.20	2.86	1.37	2.67

Competitive Comparison of China Financial International Investments's Cash-to-Debt

For the Asset Management subindustry, China Financial International Investments'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 Financial International Investments's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, China Financial International Investments's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where China Financial International Investments's Cash-to-Debt falls into.

China Financial International Investments 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 Financial International Investments's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	15.827	/	(10.558	+	0.973)
	=	1.37

China Financial International Investments'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)
	=	30.07	/	(0.581	+	10.674)
	=	2.67

China Financial International Investments (HKSE:00721) 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 Financial International Investments Cash-to-Debt Related Terms

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China Financial International Investments (HKSE:00721) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » China Financial International Investments Ltd (HKSE:00721) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Tower 1, The Gateway, Suite 2001, 20th Floor, Harbour City, Kowloon, Hong Kong, HKG

Website

http://www.irasia.com/listco/hk/cfii

China Financial International Investments Ltd is an investment holding company. The Real Estate and Natural Gas segment is principally engaged in the business of equity investment in real estate and natural gas. The Micro-loan service segment is principally engaged in equity investment in micro loan services. The Clean Energy segment is principally engaged in equity investment in the clean energy industry. The Other segment is principally engaged in guaranteed services, warehouse operation and management consulting services as well as an equity investment in other businesses of the investee.

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