Goldin Financial Holdings (HKSE:00530) Cash-to-Debt : 0.95 (As of Jun. 2021)

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What is Goldin Financial 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. Goldin Financial Holdings's cash to debt ratio for the quarter that ended in Jun. 2021 was 0.95.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Goldin Financial Holdings couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2021.

The historical rank and industry rank for Goldin Financial Holdings's Cash-to-Debt or its related term are showing as below:

HKSE:00530's Cash-to-Debt is not ranked ^*
in the Beverages - Alcoholic industry.
Industry Median: 0.505
* Ranked among companies with meaningful Cash-to-Debt only.

Goldin Financial Holdings Cash-to-Debt Historical Data

The historical data trend for Goldin Financial 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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Goldin Financial Holdings Cash-to-Debt Chart

Goldin Financial Holdings Annual Data

Trend

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Cash-to-Debt

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0.03

0.02

0.22

0.95

Goldin Financial Holdings Semi-Annual Data
	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21
Cash-to-Debt	Get a 7-Day Free Trial															0.22	0.14	-	1.00	0.95

Competitive Comparison of Goldin Financial Holdings's Cash-to-Debt

For the Beverages - Wineries & Distilleries subindustry, Goldin Financial 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.

Goldin Financial Holdings's Cash-to-Debt Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Goldin Financial Holdings's Cash-to-Debt distribution charts can be found below:

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

Goldin Financial 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.

Goldin Financial Holdings's Cash to Debt Ratio for the fiscal year that ended in Jun. 2021 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)
	=	6246.862	/	(6552.047	+	4.87)
	=	0.95

Goldin Financial Holdings's Cash to Debt Ratio for the quarter that ended in Jun. 2021 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)
	=	6246.862	/	(6552.047	+	4.87)
	=	0.95

Goldin Financial Holdings (HKSE:00530) 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.

Goldin Financial Holdings Cash-to-Debt Related Terms

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Goldin Financial Holdings (HKSE:00530) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Goldin Financial Holdings Ltd (HKSE:00530) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

17 Kai Cheung Road, 25th Floor, Goldin Financial Global Centre, Kowloon Bay, Hong Kong, HKG

Website

http://www.goldinfinancial.com

Goldin Financial Holdings Ltd is an investment holding company. The company's operating segment includes Property; Winery and wine related; Factoring and Financial investments. It generates maximum revenue from the Property segment. The Property segment engages in property development and investment. Its Factoring segment engages in the provision of factoring services. The Winery and wine related segment engage in the trading of wines, wine storage, and the operation of vineyards and restaurants. Its Financial investments segment engages in securities and derivative investment and trading and investment in financial instruments. Geographically, it derives a majority of revenue from Hong Kong.

Executives

Industrial And Commercial Bank Of China (macau) Limited	2106 Person having a security interest in shares
Nyh Limited	2106 Person having a security interest in shares
Sea Fortune Ventures Limited	2106 Person having a security interest in shares
Vast Gold Holdings Limited	2106 Person having a security interest in shares
Lu Wing Chi	2106 Person having a security interest in shares
Pan Sutong	2101 Beneficial owner
Goldin Global Holdings Limited	2101 Beneficial owner

Goldin Financial Holdings (HKSE:00530) Headlines

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