Hong Kong Exchanges and Clearing (Hong Kong Exchanges and Clearing) Cash-to-Debt : 140.09 (As of Dec. 2023)

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What is Hong Kong Exchanges and Clearing 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. Hong Kong Exchanges and Clearing's cash to debt ratio for the quarter that ended in Dec. 2023 was 140.09.

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, Hong Kong Exchanges and Clearing could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Hong Kong Exchanges and Clearing's Cash-to-Debt or its related term are showing as below:

HKXCY' s Cash-to-Debt Range Over the Past 10 Years
Min: 30.83 Med: 130.61 Max: 186.49
Current: 140.09

During the past 13 years, Hong Kong Exchanges and Clearing's highest Cash to Debt Ratio was 186.49. The lowest was 30.83. And the median was 130.61.

HKXCY's Cash-to-Debt is ranked better than
81.6% of 788 companies
in the Capital Markets industry
Industry Median: 1.9 vs HKXCY: 140.09

Hong Kong Exchanges and Clearing Cash-to-Debt Historical Data

The historical data trend for Hong Kong Exchanges and Clearing'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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Hong Kong Exchanges and Clearing Cash-to-Debt Chart

Hong Kong Exchanges and Clearing Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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91.54

139.36

121.86

158.39

140.09

Hong Kong Exchanges and Clearing Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															150.52	149.23	113.81	140.09	N/A

Competitive Comparison of Hong Kong Exchanges and Clearing's Cash-to-Debt

For the Financial Data & Stock Exchanges subindustry, Hong Kong Exchanges and Clearing'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.

Hong Kong Exchanges and Clearing's Cash-to-Debt Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Hong Kong Exchanges and Clearing's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Hong Kong Exchanges and Clearing's Cash-to-Debt falls into.

Hong Kong Exchanges and Clearing 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.

Hong Kong Exchanges and Clearing'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)
	=	28771.287	/	(34.572	+	170.811)
	=	140.09

Hong Kong Exchanges and Clearing'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)
	=	28771.287	/	(34.572	+	170.811)
	=	140.09

Hong Kong Exchanges and Clearing (OTCPK:HKXCY) 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.

Hong Kong Exchanges and Clearing Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Hong Kong Exchanges and Clearing's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Hong Kong Exchanges and Clearing (Hong Kong Exchanges and Clearing) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Hong Kong Exchanges and Clearing Ltd (OTCPK:HKXCY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

HKXCF:USA 00388:Hong Kong HK2C:Germany

Address

8 Connaught Place, 8th Floor, Two Exchange Square, Central, Hong Kong, HKG

Website

https://www.hkexgroup.com

Hong Kong Exchanges and Clearing is a vertically integrated securities exchange business offering listing, data, trading, clearing and settlement services across equities, debt and derivatives. HKEx, like Hong Kong itself, functions as a gateway between China and the rest of the world. HKEx serves as a preferred listing venue for Chinese companies outside of China and, through the Connect Scheme, offers two-way trading for a growing group of financial products with the Shanghai Stock Exchange and the Shenzhen Stock Exchange.