Gala Technology Holding (HKSE:02458) Cash-to-Debt : 73.44 (As of Dec. 2023)

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What is Gala Technology Holding 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. Gala Technology Holding's cash to debt ratio for the quarter that ended in Dec. 2023 was 73.44.

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, Gala Technology Holding 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 Gala Technology Holding's Cash-to-Debt or its related term are showing as below:

HKSE:02458' s Cash-to-Debt Range Over the Past 10 Years
Min: 15.21 Med: 46.22 Max: 73.44
Current: 73.44

During the past 5 years, Gala Technology Holding's highest Cash to Debt Ratio was 73.44. The lowest was 15.21. And the median was 46.22.

HKSE:02458's Cash-to-Debt is ranked better than
75.94% of 586 companies
in the Interactive Media industry
Industry Median: 4.6 vs HKSE:02458: 73.44

Gala Technology Holding Cash-to-Debt Historical Data

The historical data trend for Gala Technology Holding'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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Gala Technology Holding Cash-to-Debt Chart

Gala Technology Holding Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

62.09

46.22

15.21

20.90

73.44

Gala Technology Holding Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			15.21	12.80	20.90	33.73	73.44

Competitive Comparison of Gala Technology Holding's Cash-to-Debt

For the Electronic Gaming & Multimedia subindustry, Gala Technology Holding'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.

Gala Technology Holding's Cash-to-Debt Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Gala Technology Holding's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Gala Technology Holding's Cash-to-Debt falls into.

Gala Technology Holding 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.

Gala Technology Holding'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)
	=	374.344	/	(4.736	+	0.361)
	=	73.44

Gala Technology Holding'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)
	=	374.344	/	(4.736	+	0.361)
	=	73.44

Gala Technology Holding (HKSE:02458) 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.

Gala Technology Holding Cash-to-Debt Related Terms

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Gala Technology Holding (HKSE:02458) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Gala Technology Holding Ltd (HKSE:02458) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3040, Aohai Avenue, Nanshan Street, 4203–4204, Qianhai Shimao Finance Centre II, Qianhai Shenzhen-Hong Kong Cooperation Zone, Shenzhen, CHN

Website

https://www.galasports.com

Gala Technology Holding Ltd is a mobile game developer, publisher and operator in China with a focus on mobile sports simulation games for global markets. The overall online sports game market includes all sports-themed games accessible to users on the internet, whereas, mobile sports simulation games refer specifically to online sports simulation games that are available on portable devices, such as tablets and smartphones. The Group's operations are operated and managed as a single segment, which is mobile sports game development, publishing and operation mainly in the PRC. The majority of revenue is from Web-based and mobile online game revenue.

Executives

Great Shine Holding Limited
High Triumph Holding Limited
Garena Ventures Private Limited	2101 Beneficial owner
Sea Limited	2201 Interest of corporation controlled by you
Crystal Pleasant Holding Limited
Easy Flourish Holding Limited
Jia Xiao Dong
Huang Xiang
Liu Cheng Min
Bei Jing Zhong Guan Cun Chuang Ye Tou Zi Fa Zhan You Xian Gong Si
Bei Jing Zhui Yuan Chuang Ye Tou Zi You Xian Gong Si
Bei Jing Zhui Yuan Cai Fu Zi Ben He Huo Qi Ye You Xian He Huo
Su Zhou Fu De Bo Qi Ye Guan Li Zi Xun He Huo Qi Ye You Xian He Huo
Song Yu Bo
Lu Yao Ping

Gala Technology Holding (HKSE:02458) Headlines

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