Pak Tak International (HKSE:02668) Cash-to-Debt : 0.22 (As of Dec. 2023)

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What is Pak Tak International 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. Pak Tak International's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.22.

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, Pak Tak International 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 Pak Tak International's Cash-to-Debt or its related term are showing as below:

HKSE:02668' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.08 Med: 0.51 Max: 5.93
Current: 0.22

During the past 13 years, Pak Tak International's highest Cash to Debt Ratio was 5.93. The lowest was 0.08. And the median was 0.51.

HKSE:02668's Cash-to-Debt is ranked worse than
64.91% of 1023 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.48 vs HKSE:02668: 0.22

Pak Tak International Cash-to-Debt Historical Data

The historical data trend for Pak Tak International'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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Pak Tak International Cash-to-Debt Chart

Pak Tak International Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.23

0.59

0.19

0.08

0.22

Pak Tak International Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.19	0.11	0.08	0.10	0.22

Competitive Comparison of Pak Tak International's Cash-to-Debt

For the Apparel Manufacturing subindustry, Pak Tak International'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.

Pak Tak International's Cash-to-Debt Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Pak Tak International's Cash-to-Debt falls into.

Pak Tak International 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.

Pak Tak International'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)
	=	85.419	/	(339.924	+	41.648)
	=	0.22

Pak Tak International'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)
	=	85.419	/	(339.924	+	41.648)
	=	0.22

Pak Tak International (HKSE:02668) 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.

Pak Tak International Cash-to-Debt Related Terms

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

Pak Tak International (HKSE:02668) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Pak Tak International Ltd (HKSE:02668) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 89 Queensway, Unit 1902, 19th Floor, Tower 2, Lippo Centre, Hong Kong, HKG

Website

http://www.paktakintl.com

Pak Tak International Ltd is an investment holding company. The company and its subsidiaries are engaged in operating in four business segments; the Money lending business segment, the Hotel management and catering segment, the Leasing business segment, and the Supply chain business segment. Geographically, it derives a majority of its revenue from the People's Republic of China.

Executives

Liao Nangang	2201 Interest of corporation controlled by you
Massive Thriving Limited	2101 Beneficial owner
Tengyue Holding Limited	2101 Beneficial owner
Wang Jian	2201 Interest of corporation controlled by you
Beyond Glory Holdings Limited	2201 Interest of corporation controlled by you
Great Sphere Developments Limited	2201 Interest of corporation controlled by you
Renze Harvest International Limited	2201 Interest of corporation controlled by you
Glory Sun Financial Holdings Limited	2201 Interest of corporation controlled by you
Glory Sun Securities Limited	2101 Beneficial owner
Golden Affluent Limited	2201 Interest of corporation controlled by you
Proficient Power Limited	2201 Interest of corporation controlled by you
Massive Thriving Limited	2101 Beneficial owner
Bao Xin Development Limited	2201 Interest of corporation controlled by you
Glory Sun Financial Group Limited	2201 Interest of corporation controlled by you
Tinmark Development Limited	2201 Interest of corporation controlled by you

Pak Tak International (HKSE:02668) Headlines

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