HSBC China Dragon Fund (HKSE:820) Cash-to-Debt : 3.83 (As of Sep. 2023)

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What is HSBC China Dragon Fund 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. HSBC China Dragon Fund's cash to debt ratio for the quarter that ended in Sep. 2023 was 3.83.

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, HSBC China Dragon Fund could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

(1) 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.

The historical rank and industry rank for HSBC China Dragon Fund's Cash-to-Debt or its related term are showing as below:

HKSE:820' s Cash-to-Debt Range Over the Past 10 Years
Min: 3.83 Med: No Debt Max: No Debt
Current: 3.83

During the past 7 years, HSBC China Dragon Fund's highest Cash to Debt Ratio was No Debt. The lowest was 3.83. And the median was No Debt.

HKSE:820's Cash-to-Debt is ranked worse than
52.21% of 1450 companies
in the Asset Management industry
Industry Median: 5.72 vs HKSE:820: 3.83

HSBC China Dragon Fund Cash-to-Debt Historical Data

The historical data trend for HSBC China Dragon Fund'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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HSBC China Dragon Fund Cash-to-Debt Chart

HSBC China Dragon Fund Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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No Debt

HSBC China Dragon Fund Semi-Annual Data
	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial										No Debt	No Debt	4.76	No Debt	3.83

Competitive Comparison of HSBC China Dragon Fund's Cash-to-Debt

For the Asset Management subindustry, HSBC China Dragon Fund'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.

HSBC China Dragon Fund's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, HSBC China Dragon Fund's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where HSBC China Dragon Fund's Cash-to-Debt falls into.

HSBC China Dragon Fund Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents 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.

HSBC China Dragon Fund's Cash to Debt Ratio for the fiscal year that ended in Mar. 2023 is calculated as:

HSBC China Dragon Fund had no debt ⁽¹⁾.

HSBC China Dragon Fund's Cash to Debt Ratio for the quarter that ended in Sep. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	0.728	/	(0	+	0.19)
	=	3.83

HSBC China Dragon Fund (HKSE:820) 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.

HSBC China Dragon Fund Cash-to-Debt Related Terms

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

HSBC China Dragon Fund (HKSE:820) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » HSBC China Dragon Fund (HKSE:820) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Queen's Road Central, Level 22, HSBC Main Building, Hong Kong, HKG

Website

https://www.assetmanagement.hsbc.com.hk

HSBC China Dragon Fund is an asset management company. The firm's investment objective is to achieve long-term capital growth by investing in listed companies.

Executives

Metage Capital Limited	2102 Investment manager
Lazard Asset Management Llc	2102 Investment manager

HSBC China Dragon Fund (HKSE:820) Headlines

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