China Renaissance Holdings (STU:6RN) Cash-to-Debt : 6.54 (As of Dec. 2023)

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What is China Renaissance 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. China Renaissance Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 6.54.

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

STU:6RN' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.72 Med: 6.54 Max: No Debt
Current: 6.54

During the past 9 years, China Renaissance Holdings's highest Cash to Debt Ratio was No Debt. The lowest was 1.72. And the median was 6.54.

STU:6RN's Cash-to-Debt is ranked better than
60.23% of 782 companies
in the Capital Markets industry
Industry Median: 2.405 vs STU:6RN: 6.54

China Renaissance Holdings Cash-to-Debt Historical Data

The historical data trend for China Renaissance 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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China Renaissance Holdings Cash-to-Debt Chart

China Renaissance Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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19.75

3.15

1.72

2.14

6.54

China Renaissance Holdings Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial											1.72	1.88	2.14	5.50	6.54

Competitive Comparison of China Renaissance Holdings's Cash-to-Debt

For the Capital Markets subindustry, China Renaissance 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.

China Renaissance Holdings's Cash-to-Debt Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, China Renaissance Holdings's Cash-to-Debt distribution charts can be found below:

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

China Renaissance 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.

China Renaissance 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)
	=	528.275	/	(78.588	+	2.245)
	=	6.54

China Renaissance 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)
	=	528.275	/	(78.588	+	2.245)
	=	6.54

China Renaissance Holdings (STU:6RN) 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.

China Renaissance Holdings Cash-to-Debt Related Terms

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China Renaissance Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » China Renaissance Holdings Ltd (STU:6RN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CSCHF:USA 01911:Hong Kong

Address

No.2A Workers’ Stadium North Road, Pacific Century Place, Gate 1, Space 8, Chaoyang District, Beijing, CHN, 100027

Website

https://www.huaxing.com

China Renaissance Holdings Ltd is an investment banking and investment management company that combines private placement advisory, Merger and Acquisition advisory, securities underwriting, research, sales and trading, investment management, and other financial services. Its segments include Investment Banking, Investment Management, CR Securities, and Others. The company generates maximum revenue from the Investment Management segment.

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