Luxey International (Holdings) (HKSE:08041) Cash-to-Debt : 5.35 (As of Dec. 2023)

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What is Luxey 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. Luxey International (Holdings)'s cash to debt ratio for the quarter that ended in Dec. 2023 was 5.35.

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

HKSE:08041' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.28 Med: 2.43 Max: No Debt
Current: 5.35

During the past 13 years, Luxey International (Holdings)'s highest Cash to Debt Ratio was No Debt. The lowest was 0.28. And the median was 2.43.

HKSE:08041's Cash-to-Debt is ranked better than
82.1% of 1000 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.475 vs HKSE:08041: 5.35

Luxey International (Holdings) Cash-to-Debt Historical Data

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

Luxey International (Holdings) Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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No Debt

0.28

2.16

1.17

3.58

Luxey International (Holdings) Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.77	N/A	3.58	N/A	5.35

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

For the Apparel Manufacturing subindustry, Luxey 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.

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

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

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

Luxey 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.

Luxey International (Holdings)'s Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	13.239	/	(2.938	+	0.764)
	=	3.58

Luxey International (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)
	=	12.344	/	(2.062	+	0.246)
	=	5.35

Luxey International (Holdings) (HKSE:08041) 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.

Luxey International (Holdings) Cash-to-Debt Related Terms

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

Luxey International (Holdings) (HKSE:08041) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Luxey International (Holdings) Ltd (HKSE:08041) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Wing Ming Street, Hang Cheong Factory Building, Unit B, 5th floor, Cheung Sha Wan, Kowloon, Hong Kong, HKG

Website

https://www.luxey.com.hk

Luxey International (Holdings) Ltd is an is an investment holding company. The company along with its subsidiaries operates in three segments, the Swimwear and garment segment is engaged in the manufacturing and trading of swimwear and garment products. The E-commerce and online shopping-related segment is engaged in the E-Commerce and provision of online shopping services. The money lending segment includes lending activities, and the majority of its revenue generates from the Swimwear and garment segment.

Luxey International (Holdings) (HKSE:08041) Headlines

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