China Art Financial Holdings (HKSE:01572) Cash-to-Debt : 84.35 (As of Dec. 2023)

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What is China Art Financial 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. China Art Financial Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 84.35.

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

HKSE:01572' s Cash-to-Debt Range Over the Past 10 Years
Min: 80.97 Med: 590.18 Max: No Debt
Current: 84.35

During the past 11 years, China Art Financial Holdings's highest Cash to Debt Ratio was No Debt. The lowest was 80.97. And the median was 590.18.

HKSE:01572's Cash-to-Debt is ranked better than
84.72% of 504 companies
in the Credit Services industry
Industry Median: 0.23 vs HKSE:01572: 84.35

China Art Financial Holdings Cash-to-Debt Historical Data

The historical data trend for China Art Financial 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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China Art Financial Holdings Cash-to-Debt Chart

China Art Financial Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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113.44

663.83

100.62

80.97

84.35

China Art Financial Holdings Semi-Annual Data
	Dec13	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															100.62	118.96	80.97	118.74	84.35

Competitive Comparison of China Art Financial Holdings's Cash-to-Debt

For the Credit Services subindustry, China Art Financial 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.

China Art Financial Holdings's Cash-to-Debt Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, China Art Financial Holdings's Cash-to-Debt distribution charts can be found below:

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

China Art Financial 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.

China Art Financial Holdings'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)
	=	761.071	/	(8.514	+	0.509)
	=	84.35

China Art Financial Holdings'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)
	=	761.071	/	(8.514	+	0.509)
	=	84.35

China Art Financial Holdings (HKSE:01572) 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 Art Financial Holdings Cash-to-Debt Related Terms

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

China Art Financial Holdings (HKSE:01572) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » China Art Financial Holdings Ltd (HKSE:01572) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CHFHF:USA

Address

63 Jingyi South Road, Yicheng Street, Jiangsu Province, Yixing City, CHN

Website

http://www.cnartfin.com.hk

China Art Financial Holdings Ltd is an art finance service provider in China. It is engaged in operating art financing channels. The operating business segments of the company are Art and asset pawn business; Art and asset auction business, and Art and asset sales business. The company auctions products like Zisha artwork, Calligraphies and paintings, Jewel artwork, and others. Geographically, the company has a business presence in China and Hong Kong, of which a majority of the revenue is derived from China. The group's revenue is principally derived from PRC.

Executives

Zhongtai International Asset Management (singapore) Pte. Ltd.	2102 Investment manager
Lai Wing Lun	2104 Agent
Arab Osman Mohammed	2104 Agent
Win Win Stable No.5 Fund Sp	2106 Person having a security interest in shares
Xu Min	2103 Interests held jointly with another person
Zhou Jianyuan	2202 Interest of your spouse
Zhang Xiaoxing	2202 Interest of your spouse
Yubo Investment Co. Ltd	2201 Interest of corporation controlled by you
Xu Zhongliang	2202 Interest of your spouse
Fan Qinzhi	2103 Interests held jointly with another person
Wu Jian	2103 Interests held jointly with another person
Wang Jiansong	2201 Interest of corporation controlled by you
Mauve Jade Investment Limited	2201 Interest of corporation controlled by you
Intelligenesis Investment Co., Ltd	2101 Beneficial owner
Golden Sand Investment Company Limited	2201 Interest of corporation controlled by you

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