Balk 1798 Group (HKSE:01010) Cash-to-Debt : 3.96 (As of Dec. 2023)

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What is Balk 1798 Group 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. Balk 1798 Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 3.96.

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, Balk 1798 Group 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 Balk 1798 Group's Cash-to-Debt or its related term are showing as below:

HKSE:01010' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.44 Med: 5031.73 Max: No Debt
Current: 3.96

During the past 13 years, Balk 1798 Group's highest Cash to Debt Ratio was No Debt. The lowest was 0.44. And the median was 5031.73.

HKSE:01010's Cash-to-Debt is ranked better than
85.14% of 969 companies
in the Transportation industry
Industry Median: 0.49 vs HKSE:01010: 3.96

Balk 1798 Group Cash-to-Debt Historical Data

The historical data trend for Balk 1798 Group'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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Balk 1798 Group Cash-to-Debt Chart

Balk 1798 Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.56

4.96

0.44

63.46

3.96

Balk 1798 Group 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															0.44	0.45	63.46	16.71	3.96

Competitive Comparison of Balk 1798 Group's Cash-to-Debt

For the Airports & Air Services subindustry, Balk 1798 Group'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.

Balk 1798 Group's Cash-to-Debt Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Balk 1798 Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Balk 1798 Group's Cash-to-Debt falls into.

Balk 1798 Group 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.

Balk 1798 Group'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)
	=	21.724	/	(3.495	+	1.99)
	=	3.96

Balk 1798 Group'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)
	=	21.724	/	(3.495	+	1.99)
	=	3.96

Balk 1798 Group (HKSE:01010) 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.

Balk 1798 Group Cash-to-Debt Related Terms

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Balk 1798 Group (HKSE:01010) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Balk 1798 Group Ltd (HKSE:01010) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

50 Connaught Road Central, 28th Floor, Agricultural Bank of China Tower, Central, Hong Kong, HKG

Website

https://www.pacray.com.hk

Balk 1798 Group Ltd is an investment holding company. The reportable segment of the company is the design and sales of integrated circuits and semi-conductor parts used in industrial and household measuring tools and display products; executive jet management services; sales of yachts and other yachting related businesses; property investment and Headquarter and others segment which comprises principally the Group's corporate administrative and investment functions performed by the headquarter and provision of finance lease services. Its geographical markets include Hong Kong and Mainland China.

Balk 1798 Group (HKSE:01010) Headlines

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