Global Engine Group Holding (Global Engine Group Holding) Cash-to-Debt : 7.62 (As of Dec. 2022)

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What is Global Engine Group Holding 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. Global Engine Group Holding's cash to debt ratio for the quarter that ended in Dec. 2022 was 7.62.

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, Global Engine Group Holding could pay off its debt using the cash in hand for the quarter that ended in Dec. 2022.

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

GLE's Cash-to-Debt is not ranked ^*
in the Software industry.
Industry Median: 2.49
* Ranked among companies with meaningful Cash-to-Debt only.

Global Engine Group Holding Cash-to-Debt Historical Data

The historical data trend for Global Engine Group Holding'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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Global Engine Group Holding Cash-to-Debt Chart

Global Engine Group Holding Annual Data

Trend

Jun20

Jun21

Jun22

Cash-to-Debt

No Debt

7.98

Global Engine Group Holding Quarterly Data
	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22
Cash-to-Debt	Get a 7-Day Free Trial			N/A	No Debt	2.41	7.98	7.62

Competitive Comparison of Global Engine Group Holding's Cash-to-Debt

For the Information Technology Services subindustry, Global Engine Group Holding'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.

Global Engine Group Holding's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, Global Engine Group Holding's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Global Engine Group Holding's Cash-to-Debt falls into.

Global Engine Group Holding 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.

Global Engine Group Holding's Cash to Debt Ratio for the fiscal year that ended in Jun. 2022 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)
	=	0.766	/	(0.049	+	0.047)
	=	7.98

Global Engine Group Holding's Cash to Debt Ratio for the quarter that ended in Dec. 2022 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)
	=	0.556	/	(0.051	+	0.022)
	=	7.62

Global Engine Group Holding (NAS:GLE) 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.

Global Engine Group Holding Cash-to-Debt Related Terms

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Global Engine Group Holding (Global Engine Group Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Global Engine Group Holding Ltd (NAS:GLE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

Website

Global Engine Group Holding Ltd offers integrated solutions by using ICT solutions to drive business outcomes and innovation. It serves primarily as a holding company for its operating subsidiary, Global Engine Limited. Its service offerings comprise services to telecom operators, including the one-stop shop purchase from telecom license application service to turnkey network setup as well as service outsourcing; business planning, development, technical and operations consulting programs structured to target the cloud computing and data center providers; system design, planning, development and operation services to technology companies; cloud platform deployment, IT system design and configuration services, maintenance services, data center colocation service and cloud service.

Global Engine Group Holding (Global Engine Group Holding) Headlines

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