Ever Glory United Holdings (SGX:ZKX) Cash-to-Debt : 3.26 (As of Dec. 2023)

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What is Ever Glory United 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. Ever Glory United Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 3.26.

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, Ever Glory United Holdings 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 Ever Glory United Holdings's Cash-to-Debt or its related term are showing as below:

SGX:ZKX' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.37 Med: 1.69 Max: 3.26
Current: 3.26

During the past 4 years, Ever Glory United Holdings's highest Cash to Debt Ratio was 3.26. The lowest was 0.37. And the median was 1.69.

SGX:ZKX's Cash-to-Debt is ranked better than
76.35% of 1653 companies
in the Construction industry
Industry Median: 0.62 vs SGX:ZKX: 3.26

Ever Glory United Holdings Cash-to-Debt Historical Data

The historical data trend for Ever Glory United 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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Ever Glory United Holdings Cash-to-Debt Chart

Ever Glory United Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.37

2.82

0.57

3.26

Ever Glory United Holdings Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			2.82	N/A	0.57	5.79	3.26

Competitive Comparison of Ever Glory United Holdings's Cash-to-Debt

For the Engineering & Construction subindustry, Ever Glory United 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.

Ever Glory United Holdings's Cash-to-Debt Distribution in the Construction Industry

For the Construction industry and Industrials sector, Ever Glory United Holdings's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Ever Glory United Holdings's Cash-to-Debt falls into.

Ever Glory United 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.

Ever Glory United 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)
	=	5.156	/	(1.11	+	0.474)
	=	3.26

Ever Glory United 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)
	=	5.156	/	(1.11	+	0.474)
	=	3.26

Ever Glory United Holdings (SGX:ZKX) 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.

Ever Glory United Holdings Cash-to-Debt Related Terms

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Ever Glory United Holdings (SGX:ZKX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Ever Glory United Holdings Ltd (SGX:ZKX) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Little Road, No. 03-01 CRF Building, Singapore, SGP, 536982

Website

Ever Glory United Holdings Ltd is a Singapore-based M&E engineering service provider specializing in providing a wide range of M&E engineering services. Its services involve projects in both public and private sectors, such as the development or redevelopment of HDB residential flats, private residential properties, private schools, mixed-use properties, commercial buildings, or industrial buildings. It provides M&E engineering services as either an NSC or a DSC. The company specializes in the following areas of M&E engineering services: ACMV systems; electrical engineering systems; FP systems; PSG systems; and IBS.

Ever Glory United Holdings (SGX:ZKX) Headlines

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