Zhidao International (Holdings) (HKSE:01220) Cash-to-Debt : 1.63 (As of Sep. 2023)

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What is Zhidao International (Holdings) 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. Zhidao International (Holdings)'s cash to debt ratio for the quarter that ended in Sep. 2023 was 1.63.

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, Zhidao International (Holdings) could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

The historical rank and industry rank for Zhidao International (Holdings)'s Cash-to-Debt or its related term are showing as below:

HKSE:01220' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.63 Med: 11.85 Max: No Debt
Current: 1.63

During the past 13 years, Zhidao International (Holdings)'s highest Cash to Debt Ratio was No Debt. The lowest was 1.63. And the median was 11.85.

HKSE:01220's Cash-to-Debt is ranked worse than
64.3% of 2653 companies
in the Metals & Mining industry
Industry Median: 17.62 vs HKSE:01220: 1.63

Zhidao International (Holdings) Cash-to-Debt Historical Data

The historical data trend for Zhidao International (Holdings)'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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Zhidao International (Holdings) Cash-to-Debt Chart

Zhidao International (Holdings) Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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4.35

7.09

6.10

5.37

2.53

Zhidao International (Holdings) Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															6.77	5.37	4.73	2.53	1.63

Competitive Comparison of Zhidao International (Holdings)'s Cash-to-Debt

For the Aluminum subindustry, Zhidao International (Holdings)'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.

Zhidao International (Holdings)'s Cash-to-Debt Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Zhidao International (Holdings)'s Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Zhidao International (Holdings)'s Cash-to-Debt falls into.

Zhidao International (Holdings) 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.

Zhidao International (Holdings)'s Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	35.453	/	(8.904	+	5.103)
	=	2.53

Zhidao International (Holdings)'s Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	21.031	/	(8.783	+	4.154)
	=	1.63

Zhidao International (Holdings) (HKSE:01220) 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.

Zhidao International (Holdings) Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Zhidao International (Holdings)'s Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Zhidao International (Holdings) (HKSE:01220) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Zhidao International (Holdings) Ltd (HKSE:01220) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

302-308 Hennessy Road, Room 2606, 26th Floor, C C Wu Building, Wan Chai, Hong Kong, HKG

Website

http://www.zdihl.com

Zhidao International (Holdings) Ltd trades and supplies aluminum products. Its segments include trading of aluminum products, construction projects, and money lending. The company generates maximum revenue from the construction projects segment. The construction projects segment includes a supply of aluminum products in construction projects and an extension to the provision of construction and engineering services. Geographically, it derives a majority of its revenue from Macau.

Executives

Kwok Tao Capital Investment Limited	2201 Interest of corporation controlled by you
Xu Jiao	2201 Interest of corporation controlled by you

Zhidao International (Holdings) (HKSE:01220) Headlines

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