Kangji Medical Holdings (HKSE:09997) Cash-to-Debt : 61.11 (As of Dec. 2023)

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What is Kangji Medical 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. Kangji Medical Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 61.11.

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

HKSE:09997' s Cash-to-Debt Range Over the Past 10 Years
Min: 57.72 Med: 745.08 Max: 17641.17
Current: 61.11

During the past 7 years, Kangji Medical Holdings's highest Cash to Debt Ratio was 17641.17. The lowest was 57.72. And the median was 745.08.

HKSE:09997's Cash-to-Debt is ranked better than
85.12% of 860 companies
in the Medical Devices & Instruments industry
Industry Median: 1.895 vs HKSE:09997: 61.11

Kangji Medical Holdings Cash-to-Debt Historical Data

The historical data trend for Kangji Medical 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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Kangji Medical Holdings Cash-to-Debt Chart

Kangji Medical Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

550.54

745.08

57.72

61.11

Kangji Medical Holdings Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial							745.08	63.24	57.72	62.91	61.11

Competitive Comparison of Kangji Medical Holdings's Cash-to-Debt

For the Medical Instruments & Supplies subindustry, Kangji Medical 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.

Kangji Medical Holdings's Cash-to-Debt Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Kangji Medical Holdings's Cash-to-Debt distribution charts can be found below:

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

Kangji Medical 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.

Kangji Medical 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)
	=	2940.118	/	(6.68	+	41.436)
	=	61.10

Kangji Medical 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)
	=	2940.118	/	(6.68	+	41.436)
	=	61.10

Kangji Medical Holdings (HKSE:09997) 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.

Kangji Medical Holdings Cash-to-Debt Related Terms

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Kangji Medical Holdings (HKSE:09997) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Kangji Medical Holdings Ltd (HKSE:09997) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

50J:Germany

Address

No. 1668 Chunjiang East Road, Tonglu Economic Development Zone, Zhejiang Province, Hangzhou, CHN

Website

https://www.kangjimedical.com

Kangji Medical Holdings Ltd is engaged in the production and sales of minimally invasive surgical instruments and accessories. The company offers a product portfolio to provide physicians and hospitals with one-shop and tailored surgical solutions for four surgical specialties OBGYN, general surgery, urology, and thoracic surgery. It manufactures and sells both disposable and reusable products. Its product portfolio includes disposable trocars, polymer ligation clips, disposable electrocoagulation forceps, and reusable trocar and forceps. It derives the majority of its revenue from Mainland China.

Executives

Butterfield Trust (asia) Limited	2301 Trustee
Fortune Spring Zm Aa Limited	2101 Beneficial owner
Yg Aa Limited	2201 Interest of corporation controlled by you
Bos Trustee Limited	2201 Interest of corporation controlled by you
Zhong Ming	2501 Other
Fortune Spring Yg B Limited	2101 Beneficial owner
Shentu Yinguang	2501 Other
Fortune Spring Zm B Limited	2101 Beneficial owner
Credit Suisse Trust Limited	2201 Interest of corporation controlled by you
Bonderman David	2201 Interest of corporation controlled by you
Coulter James George	2201 Interest of corporation controlled by you
Keyhole Holding Limited	2101 Beneficial owner
Tpg Asia Genpar Vii Advisors, Inc.	2201 Interest of corporation controlled by you
Tpg Asia Genpar Vii, L.p.	2201 Interest of corporation controlled by you
Tpg Group Holdings (sbs) Advisors, Inc.	2201 Interest of corporation controlled by you

Kangji Medical Holdings (HKSE:09997) Headlines

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