Huisen Shares Group (HKSE:02127) Cash-to-Debt : 0.58 (As of Dec. 2023)

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What is Huisen Shares 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. Huisen Shares Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.58.

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, Huisen Shares Group couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Huisen Shares Group's Cash-to-Debt or its related term are showing as below:

HKSE:02127' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.58 Med: 1.65 Max: 6.33
Current: 0.58

During the past 7 years, Huisen Shares Group's highest Cash to Debt Ratio was 6.33. The lowest was 0.58. And the median was 1.65.

HKSE:02127's Cash-to-Debt is ranked worse than
60.1% of 411 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.95 vs HKSE:02127: 0.58

Huisen Shares Group Cash-to-Debt Historical Data

The historical data trend for Huisen Shares 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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Huisen Shares Group Cash-to-Debt Chart

Huisen Shares Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.65

4.60

6.33

5.66

0.58

Huisen Shares Group Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial							6.33	8.72	5.66	2.39	0.58

Competitive Comparison of Huisen Shares Group's Cash-to-Debt

For the Furnishings, Fixtures & Appliances subindustry, Huisen Shares 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.

Huisen Shares Group's Cash-to-Debt Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Huisen Shares Group's Cash-to-Debt distribution charts can be found below:

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

Huisen Shares 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.

Huisen Shares 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)
	=	521.027	/	(805.586	+	98.807)
	=	0.58

Huisen Shares 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)
	=	521.027	/	(805.586	+	98.807)
	=	0.58

Huisen Shares Group (HKSE:02127) 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.

Huisen Shares Group Cash-to-Debt Related Terms

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

Huisen Shares Group (HKSE:02127) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Huisen Shares Group Ltd (HKSE:02127) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

HHIGF:USA

Address

Huisen Road, Daluo Industrial Park, Longnan Economic Technology Development Zone, Jiangxi Province, Longnan, CHN

Website

http://www.jxhmgroup.com

Huisen Household International Group Ltd is principally engaged in the manufacturing and selling of panel-type furniture, upholstered furniture, sport-type furniture, customized furniture, and furniture ornaments. The company offers comprehensive manufacturing solutions to its customers, with the capabilities to design, develop and manufacture functional and economical panel furniture, upholstered furniture, and other furniture such as outdoor furniture and sports and recreational equipment. The company is also engaged in the manufacture and sale of hardware furniture and furniture ornaments. The company generates the majority of its revenue from panel-type furniture.

Executives

Pure Cypress Limited	2101 Beneficial owner
Zeng Ming	2201 Interest of corporation controlled by you
Zeng Ronghua	2202 Interest of your spouse
Goh Siok Teng	2201 Interest of corporation controlled by you
Yggies World Pte. Ltd.	2101 Beneficial owner
Kwok Hong Yiew	2201 Interest of corporation controlled by you
Kwok Properties Pte. Ltd.	2101 Beneficial owner

Huisen Shares Group (HKSE:02127) Headlines

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