BetterLife Holding (HKSE:06909) Cash-to-Debt : 1.19 (As of Dec. 2023)

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What is BetterLife 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. BetterLife Holding's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.19.

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

HKSE:06909' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.35 Med: 1 Max: 3.46
Current: 1.19

During the past 6 years, BetterLife Holding's highest Cash to Debt Ratio was 3.46. The lowest was 0.35. And the median was 1.00.

HKSE:06909's Cash-to-Debt is ranked better than
63.69% of 1275 companies
in the Vehicles & Parts industry
Industry Median: 0.58 vs HKSE:06909: 1.19

BetterLife Holding Cash-to-Debt Historical Data

The historical data trend for BetterLife 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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BetterLife Holding Cash-to-Debt Chart

BetterLife Holding Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.55

1.44

3.46

0.82

1.19

BetterLife Holding Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial					3.46	1.28	0.82	1.13	1.19

Competitive Comparison of BetterLife Holding's Cash-to-Debt

For the Auto & Truck Dealerships subindustry, BetterLife 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.

BetterLife Holding's Cash-to-Debt Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, BetterLife Holding's Cash-to-Debt distribution charts can be found below:

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

BetterLife 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.

BetterLife 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)
	=	946.927	/	(517.304	+	281.36)
	=	1.19

BetterLife 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)
	=	946.927	/	(517.304	+	281.36)
	=	1.19

BetterLife Holding (HKSE:06909) 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.

BetterLife Holding Cash-to-Debt Related Terms

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

BetterLife Holding (HKSE:06909) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » BetterLife Holding Ltd (HKSE:06909) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 Donghuan North Road, Beijing Economic and Technological Development Area, Beijing, CHN

Website

https://www.blchina.com

BetterLife Holding Ltd is an automobile dealership service provider in China focusing on luxury and ultra-luxury brands. The company operates dealership stores for the brands Porsche, Mercedes-Benz, BMW, Audi, Bentley, Jaguar-Land Rover, and Volvo. It offers a comprehensive range of automobile-related products and services, including the sale of automobiles consisting of mainly imported and domestically manufactured petroleum models, after-sales services which consist of repair and maintenance services, the sale of accessories and other automobile-related products, insurance agency services and automobile license plate registration services, and it also provides other automobile-related value-added services like automobile financing and pre-owned automobile brokerage services.

Executives

Red Dynasty Investments Limited	2101 Beneficial owner
Butterfield Trust (asia) Limited	2301 Trustee
Chou Patrick Hsiao-po	2101 Beneficial owner
Chou Patrick Hsiao-po	2101 Beneficial owner
Chou Dynasty Holding Co., Ltd	2101 Beneficial owner
Credit Suisse Trust Limited	2101 Beneficial owner
Xingtai Capital Management Limited	2102 Investment manager

BetterLife Holding (HKSE:06909) Headlines

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