Hing Yip Holdings (HKSE:00132) Cash-to-Debt : 0.11 (As of Dec. 2023)

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What is Hing Yip 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. Hing Yip Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.11.

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

HKSE:00132' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.1 Med: 0.37 Max: 0.94
Current: 0.11

During the past 13 years, Hing Yip Holdings's highest Cash to Debt Ratio was 0.94. The lowest was 0.10. And the median was 0.37.

HKSE:00132's Cash-to-Debt is ranked worse than
83.65% of 526 companies
in the Conglomerates industry
Industry Median: 0.485 vs HKSE:00132: 0.11

Hing Yip Holdings Cash-to-Debt Historical Data

The historical data trend for Hing Yip 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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Hing Yip Holdings Cash-to-Debt Chart

Hing Yip Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.31

0.21

0.10

0.16

0.11

Hing Yip Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.10	0.21	0.16	0.19	0.11

Competitive Comparison of Hing Yip Holdings's Cash-to-Debt

For the Conglomerates subindustry, Hing Yip 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.

Hing Yip Holdings's Cash-to-Debt Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Hing Yip Holdings's Cash-to-Debt distribution charts can be found below:

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

Hing Yip 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.

Hing Yip 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)
	=	592.181	/	(2249.878	+	3065.305)
	=	0.11

Hing Yip 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)
	=	592.181	/	(2249.878	+	3065.305)
	=	0.11

Hing Yip Holdings (HKSE:00132) 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.

Hing Yip Holdings Cash-to-Debt Related Terms

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Hing Yip Holdings (HKSE:00132) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Hing Yip Holdings Ltd (HKSE:00132) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

62 Mody Road, Unit 501, Wing On Plaza, Tsimshatsui, Kowloon, Hong Kong, HKG

Website

https://chinainvestments.tonghaiir.com

China Investments Holdings Ltd is an investment holding company. Its operating segment includes the Financial leasing business, Wellness elderly care business, Big data business, Property and industrial park investment business, and hotel business. It generates maximum revenue from the Financial leasing segment. The Financial leasing segment is engaged in the provision of finance lease consulting services and financing services in China. Its Property investments segment is engaged in holding investment properties, properties held for sale, and investment in the development and construction of the industrial park. Geographically, it derives a majority of its revenue from China.

Executives

Prize Rich Inc.	2201 Interest of corporation controlled by you
Guo Xing Zhong Ye Xiang Gang You Xian Gong Si	2101 Beneficial owner
Guang Dong Nan Hai Kong Gu Ji Tuan You Xian Gong Si Qian Cheng Guang Dong Nan Hai Kong Gu Tou Zi You Xian Gong Si	2201 Interest of corporation controlled by you
Guang Dong Nan Hai Kong Gu Ji Tuan You Xian Gong Si Qian Cheng Guang Dong Nan Hai Kong Gu Tou Zi You	2201 Interest of corporation controlled by you
Guang Dong Nan Hai Kong Gu Tou Zi You Xian Gong Si	2201 Interest of corporation controlled by you

Hing Yip Holdings (HKSE:00132) Headlines

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