Crocodile Garments (HKSE:00122) Cash-to-Debt : 0.41 (As of Jan. 2024)

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What is Crocodile Garments 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. Crocodile Garments's cash to debt ratio for the quarter that ended in Jan. 2024 was 0.41.

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, Crocodile Garments couldn't pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

The historical rank and industry rank for Crocodile Garments's Cash-to-Debt or its related term are showing as below:

HKSE:00122' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.3 Med: 0.42 Max: 0.65
Current: 0.41

During the past 13 years, Crocodile Garments's highest Cash to Debt Ratio was 0.65. The lowest was 0.30. And the median was 0.42.

HKSE:00122's Cash-to-Debt is ranked worse than
52.6% of 1000 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.475 vs HKSE:00122: 0.41

Crocodile Garments Cash-to-Debt Historical Data

The historical data trend for Crocodile Garments'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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Crocodile Garments Cash-to-Debt Chart

Crocodile Garments Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Cash-to-Debt

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0.44

0.38

0.34

0.52

0.46

Crocodile Garments Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial															0.30	0.52	0.51	0.46	0.41

Competitive Comparison of Crocodile Garments's Cash-to-Debt

For the Apparel Manufacturing subindustry, Crocodile Garments'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.

Crocodile Garments's Cash-to-Debt Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Crocodile Garments's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Crocodile Garments's Cash-to-Debt falls into.

Crocodile Garments 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.

Crocodile Garments's Cash to Debt Ratio for the fiscal year that ended in Jul. 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)
	=	351.295	/	(213.6	+	557.577)
	=	0.46

Crocodile Garments's Cash to Debt Ratio for the quarter that ended in Jan. 2024 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)
	=	312.546	/	(217.363	+	553.752)
	=	0.41

Crocodile Garments (HKSE:00122) 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.

Crocodile Garments Cash-to-Debt Related Terms

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

Crocodile Garments (HKSE:00122) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Crocodile Garments Ltd (HKSE:00122) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

25th Floor, 79 Hoi Yuen Road, Crocodile Center, Kwun Tong, Kowloon, Hong Kong, HKG

Website

https://www.crocodile.com.hk

Crocodile Garments Ltd is a Hong Kong-based company engaged in the sale of garments. The firm operates in three reportable segments including Garment and related accessories business, Property investment and letting business and Treasury management. Its products include men's, women's children's clothing, ties, underwear, bags and wallets, belts and shoes. The company generates the majority of the revenue from property investment and letting business.

Crocodile Garments (HKSE:00122) Headlines

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