Shoucheng Holdings (Shoucheng Holdings) Cash-to-Debt : 2.37 (As of Dec. 2023)

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What is Shoucheng 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. Shoucheng Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 2.37.

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

SCGEY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 2.19 Max: No Debt
Current: 2.37

During the past 13 years, Shoucheng Holdings's highest Cash to Debt Ratio was No Debt. The lowest was 0.06. And the median was 2.19.

SCGEY's Cash-to-Debt is ranked better than
72.65% of 1671 companies
in the Construction industry
Industry Median: 0.62 vs SCGEY: 2.37

Shoucheng Holdings Cash-to-Debt Historical Data

The historical data trend for Shoucheng 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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Shoucheng Holdings Cash-to-Debt Chart

Shoucheng Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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3.87

2.63

1.79

2.01

2.37

Shoucheng Holdings Quarterly Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															2.01	N/A	1.82	N/A	2.37

Competitive Comparison of Shoucheng Holdings's Cash-to-Debt

For the Infrastructure Operations subindustry, Shoucheng 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.

Shoucheng Holdings's Cash-to-Debt Distribution in the Construction Industry

For the Construction industry and Industrials sector, Shoucheng Holdings's Cash-to-Debt distribution charts can be found below:

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

Shoucheng 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.

Shoucheng 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)
	=	664.237	/	(30.195	+	249.75)
	=	2.37

Shoucheng 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)
	=	664.237	/	(30.195	+	249.75)
	=	2.37

Shoucheng Holdings (OTCPK:SCGEY) 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.

Shoucheng Holdings Cash-to-Debt Related Terms

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Shoucheng Holdings (Shoucheng Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Shoucheng Holdings Ltd (OTCPK:SCGEY) » Definitions » Cash-to-Debt

Traded in Other Exchanges

00697:Hong Kong

Address

56 Gloucester Road, 7th Floor, Bank of East Asia Harbour View Centre, Wanchai, Hong Kong, HKG

Website

https://www.shouchengholdings.com

Shoucheng Holdings Ltd is engaged in the operation and management of car parking assets; and the management of private funds oriented towards urban development. Its segment comprises of Parking business and Fund management. The parking business segment that derives the majority of revenue engages in the management and operations of car parking assets. The Fund management segment engages in management of private funds.

Shoucheng Holdings (Shoucheng Holdings) Headlines

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