Tian Lun Gas Holdings (HKSE:01600) Cash-to-Debt : 0.14 (As of Dec. 2023)

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What is Tian Lun Gas 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. Tian Lun Gas Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.14.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Tian Lun Gas Holdings couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Tian Lun Gas Holdings's Cash-to-Debt or its related term are showing as below:

HKSE:01600' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.14 Med: 0.26 Max: 0.43
Current: 0.14

During the past 13 years, Tian Lun Gas Holdings's highest Cash to Debt Ratio was 0.43. The lowest was 0.14. And the median was 0.26.

HKSE:01600's Cash-to-Debt is ranked worse than
63.73% of 499 companies
in the Utilities - Regulated industry
Industry Median: 0.25 vs HKSE:01600: 0.14

Tian Lun Gas Holdings Cash-to-Debt Historical Data

The historical data trend for Tian Lun Gas 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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Tian Lun Gas Holdings Cash-to-Debt Chart

Tian Lun Gas Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.27

0.33

0.17

0.19

0.14

Tian Lun Gas Holdings 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															0.17	0.18	0.19	0.17	0.14

Competitive Comparison of Tian Lun Gas Holdings's Cash-to-Debt

For the Utilities - Regulated Gas subindustry, Tian Lun Gas 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.

Tian Lun Gas Holdings's Cash-to-Debt Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Tian Lun Gas Holdings's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Tian Lun Gas Holdings's Cash-to-Debt falls into.

Tian Lun Gas 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.

Tian Lun Gas 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)
	=	1070.414	/	(4036.731	+	3412.896)
	=	0.14

Tian Lun Gas 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)
	=	1070.414	/	(4036.731	+	3412.896)
	=	0.14

Tian Lun Gas Holdings (HKSE:01600) 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.

Tian Lun Gas Holdings Cash-to-Debt Related Terms

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Tian Lun Gas Holdings (HKSE:01600) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Tian Lun Gas Holdings Ltd (HKSE:01600) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

TLJ:Germany

Address

No. 6 Huang He East Road, 4th Floor, Tian Lun Group Building, Zheng Dong Xin District, Henan Province, Zhengzhou City, CHN, 450003

Website

https://www.tianlungas.com

Tian Lun Gas Holdings Ltd is a Chinese investment holding company whose subsidiaries are engaged in the investment, operation and management of gas pipeline connections, transportation, distribution and sales of gas, construction and operation of gas filling stations, and production and sales of LNG in the People's Republic of China. The segments of the company are sale of natural gas in cylinders, sale of natural gas in bulk and engineering construction services. The company derives majority of its revenue from the sale of natural gas.

Tian Lun Gas Holdings (HKSE:01600) Headlines

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