Elegance Optical International Holdings (HKSE:00907) Cash-to-Debt : 3.57 (As of Sep. 2023)

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What is Elegance Optical International 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. Elegance Optical International Holdings's cash to debt ratio for the quarter that ended in Sep. 2023 was 3.57.

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, Elegance Optical International Holdings could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

(1) 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.

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

HKSE:00907' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.48 Med: 1.73 Max: No Debt
Current: 3.57

During the past 13 years, Elegance Optical International Holdings's highest Cash to Debt Ratio was No Debt. The lowest was 0.48. And the median was 1.73.

HKSE:00907's Cash-to-Debt is ranked better than
59.64% of 840 companies
in the Medical Devices & Instruments industry
Industry Median: 1.97 vs HKSE:00907: 3.57

Elegance Optical International Holdings Cash-to-Debt Historical Data

The historical data trend for Elegance Optical International 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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Elegance Optical International Holdings Cash-to-Debt Chart

Elegance Optical International Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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0.93

1.42

2.81

1.12

No Debt

Elegance Optical International 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															1.73	1.12	1.72	No Debt	3.57

Competitive Comparison of Elegance Optical International Holdings's Cash-to-Debt

For the Medical Instruments & Supplies subindustry, Elegance Optical International 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.

Elegance Optical International Holdings's Cash-to-Debt Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Elegance Optical International Holdings's Cash-to-Debt distribution charts can be found below:

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

Elegance Optical International 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.

Elegance Optical International Holdings's Cash to Debt Ratio for the fiscal year that ended in Mar. 2023 is calculated as:

Elegance Optical International Holdings had no debt ⁽¹⁾.

Elegance Optical International 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)
	=	34.652	/	(9.696	+	0)
	=	3.57

Elegance Optical International Holdings (HKSE:00907) 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.

Elegance Optical International Holdings Cash-to-Debt Related Terms

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Elegance Optical International Holdings (HKSE:00907) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Elegance Optical International Holdings Ltd (HKSE:00907) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

145 Hennessy Road, On Hong Commercial Building, Room 22, 22nd Floor, Wanchai, Hong Kong, HKG

Website

http://www.elegance-group.com

Elegance Optical International Holdings Ltd and its subsidiaries are the manufacturers and sellers of optical frames and sunglasses. Its operating segments include Manufacturing and trading engaged in the manufacture and trading of optical frames and sunglasses; the Property investment segment is involved in leasing properties for rental income; the Debts and securities investment segment engaged in investments in financial instruments and quoted shares; Film investment and distribution segment engaged in film right and movie distributions; and Energy business. It derives key revenue from the Manufacturing and trading segment. It operates in Europe, America, the PRC (including Hong Kong), and other countries.

Executives

Albert Yeung Capital Holdings Limited	2201 Interest of corporation controlled by you
Cdm Trust & Board Services Ag	2301 Trustee
Emperor Capital Group Limited	2201 Interest of corporation controlled by you
Emperor Securities Limited	2101 Beneficial owner
Luk Siu Man, Semon	2202 Interest of your spouse
Yeung Sau Shing, Albert	2307 Founder of a discretionary trust who can infl
Wong Chong Fai	2101 Beneficial owner
Kitchell Osman Bin	2101 Beneficial owner
Wong Hoi Fung	2101 Beneficial owner

Elegance Optical International Holdings (HKSE:00907) Headlines

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