Hanvey Group Holdings (HKSE:08219) Cash-to-Debt : 0.77 (As of Dec. 2023)

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What is Hanvey Group 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. Hanvey Group Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.77.

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, Hanvey Group Holdings couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

HKSE:08219' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.27 Med: 0.55 Max: 1.37
Current: 0.77

During the past 8 years, Hanvey Group Holdings's highest Cash to Debt Ratio was 1.37. The lowest was 0.27. And the median was 0.55.

HKSE:08219's Cash-to-Debt is ranked better than
59.67% of 1106 companies
in the Retail - Cyclical industry
Industry Median: 0.46 vs HKSE:08219: 0.77

Hanvey Group Holdings Cash-to-Debt Historical Data

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

Hanvey Group Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.85

0.34

0.27

0.89

0.77

Hanvey Group 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															0.89	N/A	0.28	N/A	0.77

Competitive Comparison of Hanvey Group Holdings's Cash-to-Debt

For the Luxury Goods subindustry, Hanvey Group 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.

Hanvey Group Holdings's Cash-to-Debt Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Hanvey Group Holdings's Cash-to-Debt distribution charts can be found below:

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

Hanvey Group 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.

Hanvey Group Holdings'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)
	=	94.244	/	(68.884	+	53.921)
	=	0.77

Hanvey Group 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)
	=	94.244	/	(68.884	+	53.921)
	=	0.77

Hanvey Group Holdings (HKSE:08219) 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.

Hanvey Group Holdings Cash-to-Debt Related Terms

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Hanvey Group Holdings (HKSE:08219) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Hanvey Group Holdings Ltd (HKSE:08219) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

No. 88 Container Port Road, Units 3, 5 and 6, 15th Floor, Tower One, Ever Gain Plaza, Kwai Chung, New Territories, Hong Kong, HKG

Website

https://www.hanveygroup.com.hk

Hanvey Group Holdings Ltd is engaged in the design, development, manufacture, and distribution of watch products on an original design manufacturing (ODM) basis for watch manufacturers, brand owners, and watch importers across the globe. Its products include female and male, metal and non-metal banded, mechanical, and quartz movement watches to its customers. The group derives revenue mainly from the sale of finished watches, semi-knocked-down kits, and watch parts. Geographically, it derives a majority of its revenue from Indonesia and also has a presence in Hong Kong; Brazil; India; the Kingdom of Saudi Arabia; Australia; the United Arab Emirates (UAE); and Turkey, among others.

Executives

Song Hao	2101 Beneficial owner
China New Economy Fund Limited	2101 Beneficial owner
Million Easy Enterprises Ltd.
Au Corona Ching Mei
Cheuk Sin Cheong Clement

Hanvey Group Holdings (HKSE:08219) Headlines

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