Solis Holdings (HKSE:02227) Cash-to-Debt : 2.42 (As of Dec. 2023)

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What is Solis 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. Solis Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 2.42.

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

HKSE:02227' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.42 Med: 5015.21 Max: No Debt
Current: 2.42

During the past 10 years, Solis Holdings's highest Cash to Debt Ratio was No Debt. The lowest was 2.42. And the median was 5015.21.

HKSE:02227's Cash-to-Debt is ranked better than
72.56% of 1680 companies
in the Construction industry
Industry Median: 0.62 vs HKSE:02227: 2.42

Solis Holdings Cash-to-Debt Historical Data

The historical data trend for Solis 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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Solis Holdings Cash-to-Debt Chart

Solis Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

3.92

2.42

Solis Holdings Semi-Annual Data
	Dec14	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial												No Debt	37.22	3.92	3.40	2.42

Competitive Comparison of Solis Holdings's Cash-to-Debt

For the Engineering & Construction subindustry, Solis 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.

Solis Holdings's Cash-to-Debt Distribution in the Construction Industry

For the Construction industry and Industrials sector, Solis Holdings's Cash-to-Debt distribution charts can be found below:

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

Solis 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.

Solis Holdings'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)
	=	80.549	/	(1.536	+	31.759)
	=	2.42

Solis Holdings'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)
	=	80.549	/	(1.536	+	31.759)
	=	2.42

Solis Holdings (HKSE:02227) 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.

Solis Holdings Cash-to-Debt Related Terms

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

Solis Holdings (HKSE:02227) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Solis Holdings Ltd (HKSE:02227) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

85 Tagore Lane, Singapore, SGP, 787527

Website

http://www.thesolisgrp.com

Solis Holdings Ltd is an investment holding company. The company specializes in electrical engineering, and its projects include new building developments, and major additions and alterations (A&A) works, which include private residential, mixed residential & commercial developments, and institutional buildings. It also operates as a subcontractor for the installation works of air-conditioning and mechanical ventilation systems, and fire protection systems. All of its revenues are derived from Singapore.

Executives

Lim Sim Swee	2202 Interest of your spouse
Tay Yong Hua	2201 Interest of corporation controlled by you
Hmk Investment Holdings Limited	2101 Beneficial owner
Tay Yong Meng	2201 Interest of corporation controlled by you
Teo (zhang) Kenneth Swee Cheng (kenneth Ruiqing)	2201 Interest of corporation controlled by you
Zheng Mingqiang	2101 Beneficial owner

Solis Holdings (HKSE:02227) Headlines

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