Goldway Education Group (HKSE:08160) Cash-to-Debt : 1.07 (As of Sep. 2023)

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What is Goldway Education Group 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. Goldway Education Group's cash to debt ratio for the quarter that ended in Sep. 2023 was 1.07.

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, Goldway Education Group could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

The historical rank and industry rank for Goldway Education Group's Cash-to-Debt or its related term are showing as below:

HKSE:08160' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.72 Med: No Debt Max: No Debt
Current: 1.07

During the past 10 years, Goldway Education Group's highest Cash to Debt Ratio was No Debt. The lowest was 0.72. And the median was No Debt.

HKSE:08160's Cash-to-Debt is ranked worse than
54.55% of 264 companies
in the Education industry
Industry Median: 1.285 vs HKSE:08160: 1.07

Goldway Education Group Cash-to-Debt Historical Data

The historical data trend for Goldway Education Group'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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Goldway Education Group Cash-to-Debt Chart

Goldway Education Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

3.07

5.29

2.79

0.96

Goldway Education Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															0.72	N/A	0.96	N/A	1.07

Competitive Comparison of Goldway Education Group's Cash-to-Debt

For the Education & Training Services subindustry, Goldway Education Group'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.

Goldway Education Group's Cash-to-Debt Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Goldway Education Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Goldway Education Group's Cash-to-Debt falls into.

Goldway Education Group 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.

Goldway Education Group'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)
	=	10.036	/	(3.657	+	6.767)
	=	0.96

Goldway Education Group'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)
	=	10.001	/	(2.584	+	6.767)
	=	1.07

Goldway Education Group (HKSE:08160) 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.

Goldway Education Group Cash-to-Debt Related Terms

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

Goldway Education Group (HKSE:08160) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Goldway Education Group Ltd (HKSE:08160) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shop B10, 1/F, Goodrich Shopping Arcade, Tuen Mun, New Territories, Hong Kong, HKG

Website

http://www.goldwayedugp.com

Goldway Education Group Ltd is an investment holding company. Its subsidiaries are principally engaged in the provision of tutoring services and franchising services in Hong Kong. The Group provides private tutoring services including primary and secondary tutoring services under the trade name of "Logic Tutorial Centre" and "Pedagog Education Centre".

Goldway Education Group (HKSE:08160) Headlines

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