MaxWin International Holdings (HKSE:08513) Cash-to-Debt : 0.38 (As of Dec. 2023)

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What is MaxWin 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. MaxWin International Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.38.

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

HKSE:08513' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.29 Med: 0.63 Max: 2.99
Current: 0.38

During the past 9 years, MaxWin International Holdings's highest Cash to Debt Ratio was 2.99. The lowest was 0.29. And the median was 0.63.

HKSE:08513's Cash-to-Debt is ranked worse than
77% of 826 companies
in the Medical Devices & Instruments industry
Industry Median: 1.99 vs HKSE:08513: 0.38

MaxWin International Holdings Cash-to-Debt Historical Data

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

MaxWin International Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.63

0.86

1.16

1.42

0.38

MaxWin 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															1.42	N/A	0.44	N/A	0.38

Competitive Comparison of MaxWin International Holdings's Cash-to-Debt

For the Medical Instruments & Supplies subindustry, MaxWin 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.

MaxWin International Holdings's Cash-to-Debt Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, MaxWin International Holdings's Cash-to-Debt distribution charts can be found below:

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

MaxWin 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.

MaxWin International 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)
	=	9.369	/	(15.73	+	9.128)
	=	0.38

MaxWin 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)
	=	9.369	/	(15.73	+	9.128)
	=	0.38

MaxWin International Holdings (HKSE:08513) 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.

MaxWin International Holdings Cash-to-Debt Related Terms

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

MaxWin International Holdings (HKSE:08513) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » MaxWin International Holdings Ltd (HKSE:08513) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

16 Kallang Place, No 02-10, Kallang Basin Indusrial Estate, Singapore, SGP, 339156

Website

https://www.inzign.com

IAG Holdings Ltd is a contract manufacturer. It engages in the manufacturing and sale of injection-molded plastic parts for disposable medical devices and the provision of tooling services. Its segments include Component parts and Sub-assembly parts, amusement machines, and equipment. IAG derives its revenue from Component parts segment. and Geographic revenue from Singapore.

MaxWin International Holdings (HKSE:08513) Headlines

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