Sinohope Technology Holdings (HKSE:01611) Cash-to-Debt : 0.72 (As of Sep. 2023)

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What is Sinohope Technology 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. Sinohope Technology Holdings's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.72.

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, Sinohope Technology 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 Sinohope Technology Holdings's Cash-to-Debt or its related term are showing as below:

HKSE:01611' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.72 Med: 1.29 Max: 1.88
Current: 0.72

During the past 11 years, Sinohope Technology Holdings's highest Cash to Debt Ratio was 1.88. The lowest was 0.72. And the median was 1.29.

HKSE:01611's Cash-to-Debt is ranked worse than
70.04% of 2700 companies
in the Software industry
Industry Median: 2.43 vs HKSE:01611: 0.72

Sinohope Technology Holdings Cash-to-Debt Historical Data

The historical data trend for Sinohope Technology 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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Sinohope Technology Holdings Cash-to-Debt Chart

Sinohope Technology Holdings Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Cash-to-Debt

Get a 7-Day Free Trial

1.01

1.13

1.59

1.05

0.72

Sinohope Technology Holdings Semi-Annual Data
	Sep13	Sep14	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														1.59	1.28	1.05	0.36	0.72

Competitive Comparison of Sinohope Technology Holdings's Cash-to-Debt

For the Software - Infrastructure subindustry, Sinohope Technology 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.

Sinohope Technology Holdings's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, Sinohope Technology Holdings's Cash-to-Debt distribution charts can be found below:

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

Sinohope Technology 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.

Sinohope Technology Holdings's Cash to Debt Ratio for the fiscal year 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)
	=	336.712	/	(359.107	+	108.098)
	=	0.72

Sinohope Technology 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)
	=	336.712	/	(359.107	+	108.098)
	=	0.72

Sinohope Technology Holdings (HKSE:01611) 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.

Sinohope Technology Holdings Cash-to-Debt Related Terms

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Sinohope Technology Holdings (HKSE:01611) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sinohope Technology Holdings Ltd (HKSE:01611) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 Queen's Road Central, 6th Floor, 7th Floor, Unit 702-3, Central, Hong Kong, HKG

Website

https://www.sinohope.com

Sinohope Technology Holdings Ltd Formerly New Huo Technology Holdings Ltd is a digital asset and blockchain specialist company. The Company is an investment holding company and its subsidiaries are principally engaged in the provision of technology solution services, a variety of services in virtual asset ecosystem, such as asset management, trust and custodian business, cryptocurrency trading, and contract manufacturing, on electronic manufacturing services basis, of a wide range of power-related and electrical/electronic products. The company operates in three reportable segments; Virtual asset ecosystem; Provision of technology solution services and Contract manufacturing. The majority of revenue is derived from the Virtual asset ecosystem Segment.

Sinohope Technology Holdings (HKSE:01611) Headlines

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