Far East Hotels & Entertainment (HKSE:00037) Cash-to-Debt : 2.79 (As of Sep. 2023)

View and export this data going back to 1979. Start your Free Trial

What is Far East Hotels & Entertainment 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. Far East Hotels & Entertainment's cash to debt ratio for the quarter that ended in Sep. 2023 was 2.79.

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, Far East Hotels & Entertainment could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

The historical rank and industry rank for Far East Hotels & Entertainment's Cash-to-Debt or its related term are showing as below:

HKSE:00037' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.52 Med: 1.83 Max: 2.79
Current: 2.79

During the past 13 years, Far East Hotels & Entertainment's highest Cash to Debt Ratio was 2.79. The lowest was 0.52. And the median was 1.83.

HKSE:00037's Cash-to-Debt is ranked better than
80.91% of 1786 companies
in the Real Estate industry
Industry Median: 0.25 vs HKSE:00037: 2.79

Far East Hotels & Entertainment Cash-to-Debt Historical Data

The historical data trend for Far East Hotels & Entertainment'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.

* Premium members only.

Far East Hotels & Entertainment Cash-to-Debt Chart

Far East Hotels & Entertainment Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

Get a 7-Day Free Trial

2.19

0.82

1.64

1.59

2.37

Far East Hotels & Entertainment Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															1.28	1.59	1.90	2.37	2.79

Competitive Comparison of Far East Hotels & Entertainment's Cash-to-Debt

For the Real Estate Services subindustry, Far East Hotels & Entertainment'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.

Far East Hotels & Entertainment's Cash-to-Debt Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Far East Hotels & Entertainment's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Far East Hotels & Entertainment's Cash-to-Debt falls into.

Far East Hotels & Entertainment 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.

Far East Hotels & Entertainment's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	50.051	/	(18.322	+	2.759)
	=	2.37

Far East Hotels & Entertainment's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	45.101	/	(16.013	+	0.147)
	=	2.79

Far East Hotels & Entertainment (HKSE:00037) 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.

Far East Hotels & Entertainment Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Far East Hotels & Entertainment's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Far East Hotels & Entertainment (HKSE:00037) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Far East Hotels & Entertainment Ltd (HKSE:00037) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

200 Gloucester Road, Suite 1902, 19th Floor, The Sun’s Group Centre, Wanchai, Hong Kong, HKG

Website

https://www.tricor.com.hk/webservice/00037

Far East Hotels & Entertainment Ltd is a Hong Kong-based investment holding company. Through its subsidiaries, the company operates under business segments of Hotel operations in Hong Kong; Serviced property letting in Mainland China; Property investment in Hong Kong; Property investment overseas; and Securities investment and trading. The company earns maximum revenue from Hotel operations in Hong Kong. The group's operations are located in Hong Kong, Mainland China, and overseas.

Executives

Chiu Derek	2201 Interest of corporation controlled by you
Lui Yu Kin	2101 Beneficial owner

Far East Hotels & Entertainment (HKSE:00037) Headlines

No Headlines