Asia-Pac Financial Investment Co (HKSE:08193) Cash-to-Debt : 0.99 (As of Sep. 2023)

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What is Asia-Pac Financial Investment Co 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. Asia-Pac Financial Investment Co's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.99.

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, Asia-Pac Financial Investment Co couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

The historical rank and industry rank for Asia-Pac Financial Investment Co's Cash-to-Debt or its related term are showing as below:

HKSE:08193' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05 Med: 1.33 Max: 849.36
Current: 0.99

During the past 13 years, Asia-Pac Financial Investment Co's highest Cash to Debt Ratio was 849.36. The lowest was 0.05. And the median was 1.33.

HKSE:08193's Cash-to-Debt is ranked worse than
63.48% of 775 companies
in the Capital Markets industry
Industry Median: 1.96 vs HKSE:08193: 0.99

Asia-Pac Financial Investment Co Cash-to-Debt Historical Data

The historical data trend for Asia-Pac Financial Investment Co'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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Asia-Pac Financial Investment Co Cash-to-Debt Chart

Asia-Pac Financial Investment Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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0.75

0.21

1.47

1.59

1.36

Asia-Pac Financial Investment Co 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															2.29	N/A	1.36	N/A	0.99

Competitive Comparison of Asia-Pac Financial Investment Co's Cash-to-Debt

For the Capital Markets subindustry, Asia-Pac Financial Investment Co'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.

Asia-Pac Financial Investment Co's Cash-to-Debt Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Asia-Pac Financial Investment Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Asia-Pac Financial Investment Co's Cash-to-Debt falls into.

Asia-Pac Financial Investment Co 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.

Asia-Pac Financial Investment Co'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)
	=	49.929	/	(0.147	+	36.508)
	=	1.36

Asia-Pac Financial Investment Co'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)
	=	36.579	/	(1.177	+	35.878)
	=	0.99

Asia-Pac Financial Investment Co (HKSE:08193) 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.

Asia-Pac Financial Investment Co Cash-to-Debt Related Terms

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Asia-Pac Financial Investment Co (HKSE:08193) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Asia-Pac Financial Investment Co Ltd (HKSE:08193) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

6-8 Harbour Road, Room 304, 3rd Floor Shui On Centre, Wanchai, Hong Kong, HKG

Website

http://www.gca.com.hk

Asia-Pac Financial Investment Co Ltd is a Hong Kong-based company with four reporting segments. The asset advisory services and asset appraisal segment offers asset appraisal and advisory services for a wide range of asset classes, and it contributes the majority of revenue. The corporate services and consultancy segment offers advice to corporations in a wide range of areas, such as corporate governance and enterprise risk management. The media advertising segment offers media advertising business services. The financial services segment comprises financial credit services, trading and exchanging services, and consultancy or agency services.

Executives

Ip Kwok Kwong	2101 Beneficial owner
Brilliant One Holdings Limited	2101 Beneficial owner
Gc Holdings Limited	2201 Interest of corporation controlled by you
Laberie Holdings Limited	2101 Beneficial owner
Seec Media Group Limited	2201 Interest of corporation controlled by you
Zhong Ou Sheng Shi Zi Chan Guan Li Shang Hai You Xian Gong Si	2301 Trustee

Asia-Pac Financial Investment Co (HKSE:08193) Headlines

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