SOCAM Development (HKSE:00983) Cash-to-Debt : 0.21 (As of Dec. 2023)

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What is SOCAM Development 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. SOCAM Development's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.21.

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, SOCAM Development couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

HKSE:00983' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.21 Med: 0.35 Max: 0.45
Current: 0.21

During the past 13 years, SOCAM Development's highest Cash to Debt Ratio was 0.45. The lowest was 0.21. And the median was 0.35.

HKSE:00983's Cash-to-Debt is ranked worse than
54.26% of 1786 companies
in the Real Estate industry
Industry Median: 0.25 vs HKSE:00983: 0.21

SOCAM Development Cash-to-Debt Historical Data

The historical data trend for SOCAM Development'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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SOCAM Development Cash-to-Debt Chart

SOCAM Development Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.45

0.36

0.37

0.35

0.21

SOCAM Development 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															0.37	0.43	0.35	0.22	0.21

Competitive Comparison of SOCAM Development's Cash-to-Debt

For the Real Estate - Development subindustry, SOCAM Development'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.

SOCAM Development's Cash-to-Debt Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, SOCAM Development's Cash-to-Debt distribution charts can be found below:

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

SOCAM Development 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.

SOCAM Development'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)
	=	660	/	(1646	+	1512)
	=	0.21

SOCAM Development'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)
	=	660	/	(1646	+	1512)
	=	0.21

SOCAM Development (HKSE:00983) 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.

SOCAM Development Cash-to-Debt Related Terms

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

SOCAM Development (HKSE:00983) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » SOCAM Development Ltd (HKSE:00983) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

6-8 Harbour Road, 34th Floor, Shui On Centre, Hong Kong, HKG

Website

https://www.socam.com

SOCAM Development Ltd is an investment holding company. The company along with its subsidiaries is principally engaged in property segment which includes Property development and construction and maintenance segment includes contracting ,renovation and fitting out, smart facilities management and Other businesses segment includes venture capital investment and others. The group's majority of the revenue comes from Construction and maintenance segment in which Hongkong is the major contributor when it comes to revenue.

Executives

Lo Hong Sui	2307 Founder of a discretionary trust who can infl
Lo Bo Yue, Stephanie	2501 Other
Bosrich Holdings (ptc) Inc.	2301 Trustee
Hsbc International Trustee Limited	2301 Trustee
Shui On Company Limited	2101 Beneficial owner
Chu Loletta	2202 Interest of your spouse
Right Ying Holdings Limited	2201 Interest of corporation controlled by you
Tmf (cayman) Ltd.	2301 Trustee
Sun Yinhuan	2307 Founder of a discretionary trust who can infl

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