Pine Care Group (HKSE:01989) Cash-to-Debt : 0.03 (As of Sep. 2023)

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What is Pine Care 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. Pine Care Group's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.03.

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

HKSE:01989' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.07 Max: 0.99
Current: 0.03

During the past 10 years, Pine Care Group's highest Cash to Debt Ratio was 0.99. The lowest was 0.02. And the median was 0.07.

HKSE:01989's Cash-to-Debt is not ranked
in the Healthcare Providers & Services industry.
Industry Median: 0.68 vs HKSE:01989: 0.03

Pine Care Group Cash-to-Debt Historical Data

The historical data trend for Pine Care 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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Pine Care Group Cash-to-Debt Chart

Pine Care Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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0.09

0.04

0.07

0.04

0.03

Pine Care Group Semi-Annual Data
	Mar14	Mar15	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													0.04	0.04	0.02	0.03	0.03

Competitive Comparison of Pine Care Group's Cash-to-Debt

For the Medical Care Facilities subindustry, Pine Care 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.

Pine Care Group's Cash-to-Debt Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Pine Care Group's Cash-to-Debt distribution charts can be found below:

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

Pine Care 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.

Pine Care Group'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)
	=	23.399	/	(193.702	+	707.112)
	=	0.03

Pine Care Group'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)
	=	28.51	/	(210.976	+	679.58)
	=	0.03

Pine Care Group (HKSE:01989) 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.

Pine Care Group Cash-to-Debt Related Terms

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

Pine Care Group (HKSE:01989) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Pine Care Group Ltd (HKSE:01989) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

68-72 Yuk Wah Street, Ground Floor, 1 Koon Wah Lane, Tsz Wan Shan, Kowloon, Hong Kong, HKG

Website

https://www.pinecaregroup.com

Pine Care Group Ltd is engaged in the provision of elderly home care services. It operates care and attention homes for the elderly in Hong Kong offering residential care services, nursing care, and medication management. It derives revenue from rendering elderly home care services including the provision of residence, professional nursing and caretaking services, nutritional management, medical services, psychological and social care, and individual care plans; and through the sale of elderly home-related goods and provision of health care services in Hong Kong. The group's revenue is derived solely from its operations in Hong Kong.

Pine Care Group (HKSE:01989) Headlines

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