Zhongyu Energy Holdings (HKSE:03633) Cash-to-Debt : 0.13 (As of Dec. 2023)

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What is Zhongyu Energy 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. Zhongyu Energy Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.13.

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, Zhongyu Energy 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 Zhongyu Energy Holdings's Cash-to-Debt or its related term are showing as below:

HKSE:03633' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.08 Med: 0.17 Max: 0.24
Current: 0.13

During the past 13 years, Zhongyu Energy Holdings's highest Cash to Debt Ratio was 0.24. The lowest was 0.08. And the median was 0.17.

HKSE:03633's Cash-to-Debt is ranked worse than
65.93% of 499 companies
in the Utilities - Regulated industry
Industry Median: 0.25 vs HKSE:03633: 0.13

Zhongyu Energy Holdings Cash-to-Debt Historical Data

The historical data trend for Zhongyu Energy 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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Zhongyu Energy Holdings Cash-to-Debt Chart

Zhongyu Energy Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.17

0.15

0.16

0.12

0.13

Zhongyu Energy 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															0.16	0.16	0.12	0.15	0.13

Competitive Comparison of Zhongyu Energy Holdings's Cash-to-Debt

For the Utilities - Regulated Gas subindustry, Zhongyu Energy 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.

Zhongyu Energy Holdings's Cash-to-Debt Distribution in the Utilities - Regulated Industry

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

* The bar in red indicates where Zhongyu Energy Holdings's Cash-to-Debt falls into.

Zhongyu Energy 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.

Zhongyu Energy 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)
	=	1522.684	/	(7624.855	+	4599.571)
	=	0.12

Zhongyu Energy 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)
	=	1522.684	/	(7624.855	+	4599.571)
	=	0.12

Zhongyu Energy Holdings (HKSE:03633) 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.

Zhongyu Energy Holdings Cash-to-Debt Related Terms

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

Zhongyu Energy Holdings (HKSE:03633) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Zhongyu Energy Holdings Ltd (HKSE:03633) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

27th Floor, Building B, Meilin Center Square, South Plaza, Futian District, Guangdong Province, Shenzhen, CHN

Website

https://www.zhongyuenergy.com

Zhongyu Energy Holdings Ltd is mainly engaged in the sales of piped gas. Its business segments include sales of gas; gas pipeline construction; value-added services (including sales of stoves and provision of other related services); operation of CNG/LNG vehicle filling stations; and smart energy. The majority of revenue is derived from the sale of gas segment.

Zhongyu Energy Holdings (HKSE:03633) Headlines

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