Easyknit International Holdings (HKSE:01218) Cash-to-Debt : 0.17 (As of Sep. 2023)

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What is Easyknit 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. Easyknit International Holdings's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.17.

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, Easyknit International Holdings couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

HKSE:01218' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09 Med: 0.23 Max: 0.52
Current: 0.17

During the past 13 years, Easyknit International Holdings's highest Cash to Debt Ratio was 0.52. The lowest was 0.09. And the median was 0.23.

HKSE:01218's Cash-to-Debt is ranked worse than
58.9% of 1786 companies
in the Real Estate industry
Industry Median: 0.25 vs HKSE:01218: 0.17

Easyknit International Holdings Cash-to-Debt Historical Data

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

Easyknit International Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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0.24

0.14

0.32

0.16

0.15

Easyknit 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															0.20	0.16	0.14	0.15	0.17

Competitive Comparison of Easyknit International Holdings's Cash-to-Debt

For the Real Estate - Development subindustry, Easyknit 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.

Easyknit International Holdings's Cash-to-Debt Distribution in the Real Estate Industry

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

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

Easyknit 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.

Easyknit International Holdings'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)
	=	541.748	/	(1615.872	+	1914.025)
	=	0.15

Easyknit 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)
	=	627.601	/	(2362.971	+	1315.022)
	=	0.17

Easyknit International Holdings (HKSE:01218) 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.

Easyknit International Holdings Cash-to-Debt Related Terms

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

Easyknit International Holdings (HKSE:01218) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Easyknit International Holdings Ltd (HKSE:01218) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

481-483 Castle Peak Road, Block A, 7th Floor, Hong Kong Spinners Building, Phase 6, Kowloon, Cheung Sha Wan, Hong Kong, HKG

Website

https://www.easyknit.com

Easyknit International Holdings Ltd is an investment holding company, that engages in the investment, development, and management of properties. The company operates through Property Investment, Property Development, Investment in Securities, and Loan Financing segments. The investment properties of the company include residential, commercial, and industrial properties. The firm's majority revenue comes from the Property Investment segment. Geographically, it derives revenue from Hong Kong.

Executives

Winterbotham Holdings Limited
Hooper Ivan Geoffrey Douglas
Hooper Christopher Geoffrey Douglas
Markson International Holding Limited
Koon Wing Yee	2101 Beneficial owner
Lui Yuk Chu	2202 Interest of your spouse
Sea Rejoice Limited	2101 Beneficial owner
Accumulate More Profits Limited	2201 Interest of corporation controlled by you
Hooper Christopher Geoffrey Douglas	2201 Interest of corporation controlled by you
Magical Profits Limited	2201 Interest of corporation controlled by you
The Winterbotham Trust Company Limited As Trustee Of The Magical 2000 Trust	2201 Interest of corporation controlled by you
Koon Ho Yan Candy

Easyknit International Holdings (HKSE:01218) Headlines

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