Cocoon Holdings (HKSE:00428) Cash-to-Debt : 14.12 (As of Dec. 2023)

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What is Cocoon 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. Cocoon Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 14.12.

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

HKSE:00428' s Cash-to-Debt Range Over the Past 10 Years
Min: 4.07 Med: 5.84 Max: No Debt
Current: 14.12

During the past 13 years, Cocoon Holdings's highest Cash to Debt Ratio was No Debt. The lowest was 4.07. And the median was 5.84.

HKSE:00428's Cash-to-Debt is ranked better than
68.77% of 775 companies
in the Capital Markets industry
Industry Median: 1.96 vs HKSE:00428: 14.12

Cocoon Holdings Cash-to-Debt Historical Data

The historical data trend for Cocoon 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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Cocoon Holdings Cash-to-Debt Chart

Cocoon Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

4.07

4.20

4.30

5.65

14.12

Cocoon Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															4.30	3.24	5.65	11.63	14.12

Competitive Comparison of Cocoon Holdings's Cash-to-Debt

For the Capital Markets subindustry, Cocoon 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.

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

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

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

Cocoon 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.

Cocoon 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)
	=	202.346	/	(4.335	+	10)
	=	14.12

Cocoon 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)
	=	202.346	/	(4.335	+	10)
	=	14.12

Cocoon Holdings (HKSE:00428) 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.

Cocoon Holdings Cash-to-Debt Related Terms

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

Cocoon Holdings (HKSE:00428) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Cocoon Holdings Ltd (HKSE:00428) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

61 Connaught Road Central, Room 14A, Fortune House, Central, Hong Kong, HKG

Website

https://www.cocoon.holdings

Cocoon Holdings Ltd is a Hong Kong-based investment holding company engaged in investment activities. The Group's business activity is organized into a single operating segment, being investments in securities listed on recognized stock exchanges and unlisted investments with a potential for earnings growth and capital appreciation The Group's revenue comprised dividend income, interest earned from bank deposits and loans and receivables. The group mainly operates its businesses in Hong Kong.

Executives

Yu Po Kwan	2101 Beneficial owner
Solution Smart Holdings Limited	2101 Beneficial owner
Sw Venture Asia Limited	2201 Interest of corporation controlled by you
Yeung Shing Wai	2201 Interest of corporation controlled by you

Cocoon Holdings (HKSE:00428) Headlines

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