Eagle Nice (International) Holdings (HKSE:02368) Cash-to-Debt : 0.84 (As of Sep. 2023)

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What is Eagle Nice (International) 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. Eagle Nice (International) Holdings's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.84.

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, Eagle Nice (International) 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 Eagle Nice (International) Holdings's Cash-to-Debt or its related term are showing as below:

HKSE:02368' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.34 Med: 0.9 Max: 2.03
Current: 0.84

During the past 13 years, Eagle Nice (International) Holdings's highest Cash to Debt Ratio was 2.03. The lowest was 0.34. And the median was 0.90.

HKSE:02368's Cash-to-Debt is ranked better than
61.61% of 1034 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.48 vs HKSE:02368: 0.84

Eagle Nice (International) Holdings Cash-to-Debt Historical Data

The historical data trend for Eagle Nice (International) 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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Eagle Nice (International) Holdings Cash-to-Debt Chart

Eagle Nice (International) Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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0.34

0.63

1.01

0.68

0.81

Eagle Nice (International) Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	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															1.17	0.68	0.63	0.81	0.84

Competitive Comparison of Eagle Nice (International) Holdings's Cash-to-Debt

For the Apparel Manufacturing subindustry, Eagle Nice (International) 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.

Eagle Nice (International) Holdings's Cash-to-Debt Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Eagle Nice (International) Holdings's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Eagle Nice (International) Holdings's Cash-to-Debt falls into.

Eagle Nice (International) 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.

Eagle Nice (International) Holdings'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)
	=	515.387	/	(554.779	+	79.847)
	=	0.81

Eagle Nice (International) 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)
	=	646.82	/	(516.691	+	251.355)
	=	0.84

Eagle Nice (International) Holdings (HKSE:02368) 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.

Eagle Nice (International) Holdings Cash-to-Debt Related Terms

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Eagle Nice (International) Holdings (HKSE:02368) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Eagle Nice (International) Holdings Ltd (HKSE:02368) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

70 Ta Chuen Ping Street, 9th Floor, Tower B, Regent Centre, Units 0902-0903 and 0905-0906, New Territories, Kwai Chung, HKG

Website

https://www.eaglenice.com.hk

Eagle Nice (International) Holdings Ltd is an investment holding company based in Hong Kong. The company, along with its subsidiaries, is primarily engaged in the manufacturing and trading of sportswear and garments. Some of the company's products include down Jackets, Tracksuits, Sweaters, and Sports pants, among others. Geographically, the company's reportable segments are Mainland China, USA, Europe, Japan, and Others. It derives a majority of revenue from Mainland China followed by the US and Europe.

Eagle Nice (International) Holdings (HKSE:02368) Headlines

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