China Investment and Finance Group (HKSE:01226) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2023)

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What is China Investment and Finance 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. China Investment and Finance Group's cash to debt ratio for the quarter that ended in Sep. 2023 was No Debt ⁽¹⁾.

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 Investment and Finance Group could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

(1) 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.

The historical rank and industry rank for China Investment and Finance Group's Cash-to-Debt or its related term are showing as below:

HKSE:01226' s Cash-to-Debt Range Over the Past 10 Years
Min: 15.95 Med: No Debt Max: No Debt
Current: 24.63

During the past 13 years, China Investment and Finance Group's highest Cash to Debt Ratio was No Debt. The lowest was 15.95. And the median was No Debt.

HKSE:01226's Cash-to-Debt is ranked better than
56.62% of 1450 companies
in the Asset Management industry
Industry Median: 5.72 vs HKSE:01226: 24.63

China Investment and Finance Group Cash-to-Debt Historical Data

The historical data trend for China Investment and Finance 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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China Investment and Finance Group Cash-to-Debt Chart

China Investment and Finance Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

34.77

15.95

34.06

China Investment and Finance Group 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															29.76	15.95	No Debt	34.06	No Debt

Competitive Comparison of China Investment and Finance Group's Cash-to-Debt

For the Asset Management subindustry, China Investment and Finance 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.

China Investment and Finance Group's Cash-to-Debt Distribution in the Asset Management Industry

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

* The bar in red indicates where China Investment and Finance Group's Cash-to-Debt falls into.

China Investment and Finance Group 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 Investment and Finance Group'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)
	=	170.855	/	(5.017	+	0)
	=	34.06

China Investment and Finance Group's Cash to Debt Ratio for the quarter that ended in Sep. 2023 is calculated as:

China Investment and Finance Group had no debt ⁽¹⁾.

China Investment and Finance Group (HKSE:01226) 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 Investment and Finance Group Cash-to-Debt Related Terms

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

China Investment and Finance Group (HKSE:01226) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » China Investment and Finance Group Ltd (HKSE:01226) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

70 Queen’s Road Central, Room 1104, Crawford House, Hong Kong, HKG

Website

http://www.chnif.com.hk

China Investment and Finance Group Ltd is an investment holding company. Along with its subsidiaries, the company is engaged in securities trading and investment holding. It principally invests in listed and unlisted securities. The company derives revenue from dividends and interest income. Geographically, all the operations of the company are carried out in Hong Kong.

China Investment and Finance Group (HKSE:01226) Headlines

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China Investment and Finance Group (HKSE:01226) Cash-to-Debt : No Debt (1) (As of Sep. 2023)