Time Watch Investments (HKSE:02033) Cash-to-Debt : 43.23 (As of Dec. 2023)

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What is Time Watch Investments 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. Time Watch Investments's cash to debt ratio for the quarter that ended in Dec. 2023 was 43.23.

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, Time Watch Investments 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 Time Watch Investments's Cash-to-Debt or its related term are showing as below:

HKSE:02033' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.32 Med: 17.02 Max: 43.23
Current: 43.23

During the past 13 years, Time Watch Investments's highest Cash to Debt Ratio was 43.23. The lowest was 2.32. And the median was 17.02.

HKSE:02033's Cash-to-Debt is ranked better than
91.8% of 1036 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.47 vs HKSE:02033: 43.23

Time Watch Investments Cash-to-Debt Historical Data

The historical data trend for Time Watch Investments'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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Time Watch Investments Cash-to-Debt Chart

Time Watch Investments Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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3.48

24.67

16.39

23.57

36.90

Time Watch Investments 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															34.25	23.57	25.85	36.90	43.23

Competitive Comparison of Time Watch Investments's Cash-to-Debt

For the Footwear & Accessories subindustry, Time Watch Investments'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.

Time Watch Investments's Cash-to-Debt Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Time Watch Investments's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Time Watch Investments's Cash-to-Debt falls into.

Time Watch Investments 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.

Time Watch Investments's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	1161.912	/	(21.552	+	9.938)
	=	36.90

Time Watch Investments'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)
	=	1232.008	/	(19.385	+	9.114)
	=	43.23

Time Watch Investments (HKSE:02033) 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.

Time Watch Investments Cash-to-Debt Related Terms

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Time Watch Investments (HKSE:02033) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Time Watch Investments Ltd (HKSE:02033) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

77 Wing Hong Street, 27th Floor, CEO Tower, Kowloon, Hong Kong, HKG

Website

http://www.timewatch.com.hk

Time Watch Investments Ltd is an investment holding company that operates as a manufacturer, brand-owner, and retailer of watches in the People's Republic of China (PRC). The company operates through following segments: Tian Wang Watch Business, Watch Movements Trading Business, and Other Brands (PRC) Business. The company generates maximum revenue from the Tian Wang Watch Business that involves manufacturing, the wholesale and retail business of owned brand watches, Tian Wang Watch. Its geographical segments include the PRC, which is the key revenue generator; and the Asia Pacific.

Time Watch Investments (HKSE:02033) Headlines

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