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Hainan Strait Shipping Co (SZSE:002320) Cash-to-Debt : 3.16 (As of Mar. 2024)


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What is Hainan Strait Shipping 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. Hainan Strait Shipping Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 3.16.

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, Hainan Strait Shipping Co could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Hainan Strait Shipping Co's Cash-to-Debt or its related term are showing as below:

SZSE:002320' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.71   Med: 11.3   Max: No Debt
Current: 3.16

During the past 13 years, Hainan Strait Shipping Co's highest Cash to Debt Ratio was No Debt. The lowest was 2.71. And the median was 11.30.

SZSE:002320's Cash-to-Debt is ranked better than
83.14% of 967 companies
in the Transportation industry
Industry Median: 0.49 vs SZSE:002320: 3.16

Hainan Strait Shipping Co Cash-to-Debt Historical Data

The historical data trend for Hainan Strait Shipping 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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Hainan Strait Shipping Co Cash-to-Debt Chart

Hainan Strait Shipping Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash-to-Debt
Get a 7-Day Free Trial Premium Member Only Premium Member Only 66.31 61.79 34.91 3.00 2.71

Hainan Strait Shipping 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.98 2.84 3.11 2.71 3.16

Competitive Comparison of Hainan Strait Shipping Co's Cash-to-Debt

For the Marine Shipping subindustry, Hainan Strait Shipping 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.


Hainan Strait Shipping Co's Cash-to-Debt Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Hainan Strait Shipping Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Hainan Strait Shipping Co's Cash-to-Debt falls into.



Hainan Strait Shipping 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.

Hainan Strait Shipping Co's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Hainan Strait Shipping Co's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

* 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.


Hainan Strait Shipping Co  (SZSE:002320) 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.


Hainan Strait Shipping Co Cash-to-Debt Related Terms

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Hainan Strait Shipping Co (SZSE:002320) Business Description

Traded in Other Exchanges
N/A
Address
East Ocean Building, 7th Floor, Binhai Road, Haikou, CHN, 570311
Hainan Strait Shipping Co Ltd is a China-based company principally engaged in the passenger transportation business. The company is also involved in logistics and tourism. Hainan Strait Shipping Co. Ltd. has approximately 18 passenger ships in operation, with a total of more than 700 seats.

Hainan Strait Shipping Co (SZSE:002320) Headlines

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