Hong Kong Economic Times Holdings (HKSE:00423) Cash-to-Debt : 54.38 (As of Sep. 2023)

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What is Hong Kong Economic Times 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. Hong Kong Economic Times Holdings's cash to debt ratio for the quarter that ended in Sep. 2023 was 54.38.

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, Hong Kong Economic Times Holdings 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 Hong Kong Economic Times Holdings's Cash-to-Debt or its related term are showing as below:

HKSE:00423' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.99 Med: 26.51 Max: No Debt
Current: 54.38

During the past 13 years, Hong Kong Economic Times Holdings's highest Cash to Debt Ratio was No Debt. The lowest was 2.99. And the median was 26.51.

HKSE:00423's Cash-to-Debt is ranked better than
86.09% of 992 companies
in the Media - Diversified industry
Industry Median: 1.23 vs HKSE:00423: 54.38

Hong Kong Economic Times Holdings Cash-to-Debt Historical Data

The historical data trend for Hong Kong Economic Times 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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Hong Kong Economic Times Holdings Cash-to-Debt Chart

Hong Kong Economic Times Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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No Debt

25.56

24.91

145.92

38.78

Hong Kong Economic Times Holdings 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															42.63	145.92	27.46	38.78	54.38

Competitive Comparison of Hong Kong Economic Times Holdings's Cash-to-Debt

For the Publishing subindustry, Hong Kong Economic Times 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.

Hong Kong Economic Times Holdings's Cash-to-Debt Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Hong Kong Economic Times Holdings's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Hong Kong Economic Times Holdings's Cash-to-Debt falls into.

Hong Kong Economic Times 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.

Hong Kong Economic Times Holdings'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)
	=	464.158	/	(10.565	+	1.403)
	=	38.78

Hong Kong Economic Times Holdings'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)
	=	387.13	/	(6.342	+	0.777)
	=	54.38

Hong Kong Economic Times Holdings (HKSE:00423) 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.

Hong Kong Economic Times Holdings Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Hong Kong Economic Times Holdings's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Hong Kong Economic Times Holdings (HKSE:00423) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Hong Kong Economic Times Holdings Ltd (HKSE:00423) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

321 Java Road, 6th Floor, Kodak House II, North Point, Hong Kong, HKG

Website

http://www.hketgroup.com

Hong Kong Economic Times Holdings Ltd is an investment holding company. It is engaged in the printing and publishing of newspapers and magazines and the operation of their associated digital businesses; the operation of recruitment advertising and lifestyle platforms; and the provision of electronic financial and property market information services. Its segments are Media segment, majority revenue deriving segment, engaged in the printing and publication of newspapers, magazines and books and the operation of digital platforms, including recruitment, finance and lifestyle; and Financial news agency, information and solutions segment.

Executives

Webb David Michael	2201 Interest of corporation controlled by you
Preferable Situation Assets Limited	2101 Beneficial owner
Golden Rooster Limited	2101 Beneficial owner
Lee Su Hwei	2201 Interest of corporation controlled by you
Fung Siu Por	2201 Interest of corporation controlled by you

Hong Kong Economic Times Holdings (HKSE:00423) Headlines

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