Luxin Venture Capital Group Co (SHSE:600783) Cash-to-Debt : 0.43 (As of Mar. 2024)

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What is Luxin Venture Capital Group Co 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. Luxin Venture Capital Group Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.43.

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, Luxin Venture Capital Group Co couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Luxin Venture Capital Group Co's Cash-to-Debt or its related term are showing as below:

SHSE:600783' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09 Med: 0.45 Max: 0.91
Current: 0.43

During the past 13 years, Luxin Venture Capital Group Co's highest Cash to Debt Ratio was 0.91. The lowest was 0.09. And the median was 0.45.

SHSE:600783's Cash-to-Debt is ranked worse than
70.7% of 2904 companies
in the Industrial Products industry
Industry Median: 1.22 vs SHSE:600783: 0.43

Luxin Venture Capital Group Co Cash-to-Debt Historical Data

The historical data trend for Luxin Venture Capital Group Co'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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Luxin Venture Capital Group Co Cash-to-Debt Chart

Luxin Venture Capital Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.81

0.75

0.56

0.61

0.43

Luxin Venture Capital Group Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.65	0.66	0.44	0.43	0.43

Competitive Comparison of Luxin Venture Capital Group Co's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Luxin Venture Capital Group Co'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.

Luxin Venture Capital Group Co's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Luxin Venture Capital Group Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Luxin Venture Capital Group Co's Cash-to-Debt falls into.

Luxin Venture Capital Group Co 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.

Luxin Venture Capital Group Co'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)
	=	1488.094	/	(36.636	+	3395.379)
	=	0.43

Luxin Venture Capital Group Co's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
	=	1529.508	/	(33.34	+	3529.952)
	=	0.43

Luxin Venture Capital Group Co (SHSE:600783) 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.

Luxin Venture Capital Group Co Cash-to-Debt Related Terms

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Luxin Venture Capital Group Co (SHSE:600783) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Luxin Venture Capital Group Co Ltd (SHSE:600783) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

9999 Jingshi Road, Golden Times Square, 4th Floor, Block C, Jinan, CHN, 250101

Website

http://www.600783.cn

Luxin Venture Capital Group Co Ltd is a China-based venture capital company. It is engaged in the investment in industries such as advanced manufacturing, modern agriculture, and marine economy; strategic emerging industries such as information technology, energy conservation and environmental protection, new energy, new materials, biotechnology and high-end equipment manufacturing. It is also involved in the fund management business which includes government-managed investment funds and market-oriented self-investment funds.

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