Tungtex (Holdings) Co (HKSE:00518) Cash-to-Debt : 3.40 (As of Sep. 2023)

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What is Tungtex (Holdings) 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. Tungtex (Holdings) Co's cash to debt ratio for the quarter that ended in Sep. 2023 was 3.40.

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, Tungtex (Holdings) Co 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 Tungtex (Holdings) Co's Cash-to-Debt or its related term are showing as below:

HKSE:00518' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.49 Med: 1.84 Max: 3.4
Current: 3.4

During the past 13 years, Tungtex (Holdings) Co's highest Cash to Debt Ratio was 3.40. The lowest was 0.49. And the median was 1.84.

HKSE:00518's Cash-to-Debt is ranked better than
78.08% of 1031 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.48 vs HKSE:00518: 3.40

Tungtex (Holdings) Co Cash-to-Debt Historical Data

The historical data trend for Tungtex (Holdings) 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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Tungtex (Holdings) Co Cash-to-Debt Chart

Tungtex (Holdings) Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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0.96

0.73

2.55

1.88

2.90

Tungtex (Holdings) Co 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															2.02	1.88	2.06	2.90	3.40

Competitive Comparison of Tungtex (Holdings) Co's Cash-to-Debt

For the Apparel Manufacturing subindustry, Tungtex (Holdings) 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.

Tungtex (Holdings) Co's Cash-to-Debt Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Tungtex (Holdings) Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Tungtex (Holdings) Co's Cash-to-Debt falls into.

Tungtex (Holdings) 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.

Tungtex (Holdings) Co'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)
	=	184.62	/	(58.731	+	4.842)
	=	2.90

Tungtex (Holdings) Co'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)
	=	182.087	/	(50.443	+	3.079)
	=	3.40

Tungtex (Holdings) Co (HKSE:00518) 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.

Tungtex (Holdings) Co Cash-to-Debt Related Terms

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

Tungtex (Holdings) Co (HKSE:00518) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Tungtex (Holdings) Co Ltd (HKSE:00518) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

TUGHF:USA

Address

No. 83 Hung To Road, Office A, 26th Floor, EGL Tower, Kwun Tong, Kowloon, Hong Kong, HKG

Website

http://www.tungtex.com

Tungtex (Holdings) Co Ltd is engaged in the business of manufacturing and sale of garments products. The operating segments of the group are North America, Asia, and Europe and others. Its customers are located in the PRC, the USA, Canada, European countries, and other countries, of which key revenue is generated from the USA. The company offers Silk-blended, Linen, Cotton, Synthetic items, and other products.

Executives

Webb David Michael	2201 Interest of corporation controlled by you
Preferable Situation Assets Limited	2101 Beneficial owner
Thomas Howel Gruffudd Rhys	2201 Interest of corporation controlled by you
Wykeham Capital Asia Value Fund	2101 Beneficial owner
Wykeham Capital Limited	2102 Investment manager
Corona Investments Limited	2101 Beneficial owner
Tung Wah Wing	2201 Interest of corporation controlled by you
Wong Fung Lin	2201 Interest of corporation controlled by you

Tungtex (Holdings) Co (HKSE:00518) Headlines

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