Echo International Holdings Group (HKSE:08218) Cash-to-Debt : 0.74 (As of Sep. 2023)

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What is Echo International Holdings 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. Echo International Holdings Group's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.74.

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, Echo International Holdings Group 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 Echo International Holdings Group's Cash-to-Debt or its related term are showing as below:

HKSE:08218' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.53 Max: 19.5
Current: 0.74

During the past 11 years, Echo International Holdings Group's highest Cash to Debt Ratio was 19.50. The lowest was 0.06. And the median was 0.53.

HKSE:08218's Cash-to-Debt is ranked worse than
63.86% of 2471 companies
in the Hardware industry
Industry Median: 1.35 vs HKSE:08218: 0.74

Echo International Holdings Group Cash-to-Debt Historical Data

The historical data trend for Echo International Holdings 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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Echo International Holdings Group Cash-to-Debt Chart

Echo International Holdings Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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0.45

0.22

0.07

0.40

Echo International Holdings 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															0.15	N/A	0.40	N/A	0.74

Competitive Comparison of Echo International Holdings Group's Cash-to-Debt

For the Scientific & Technical Instruments subindustry, Echo International Holdings 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.

Echo International Holdings Group's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Echo International Holdings Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Echo International Holdings Group's Cash-to-Debt falls into.

Echo International Holdings 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.

Echo International Holdings 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)
	=	2.958	/	(3.592	+	3.763)
	=	0.40

Echo International Holdings 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)
	=	3.615	/	(2.307	+	2.574)
	=	0.74

Echo International Holdings Group (HKSE:08218) 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.

Echo International Holdings Group Cash-to-Debt Related Terms

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

Echo International Holdings Group (HKSE:08218) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Echo International Holdings Group Ltd (HKSE:08218) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

9 Hoi Shing Road, Room 3207A, 32nd Floor, Cable TV Tower, Tsuen Wan, Hong Kong, HKG

Website

http://www.echogroup.com.hk

Echo International Holdings Group Ltd is an investment holding company. The company's operating segment includes the Trading of electronic products; Manufacturing and trading of electronic products and accessories, Provision of food catering services, and trading of timepieces. It generates maximum revenue from the Provision of food catering services segment. Its products include security alarm, indications board, buzzers, timer, fishing indicator, charge board, control board, fire alarm, LED lamp assembly, switch, printed circuit board, and others. Geographically, it derives a majority of revenue from Hong KongCountries.

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