Tang Palace (China) Holdings (HKSE:01181) Cash-to-Debt : 1.42 (As of Dec. 2023)

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What is Tang Palace (China) 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. Tang Palace (China) Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.42.

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, Tang Palace (China) 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 Tang Palace (China) Holdings's Cash-to-Debt or its related term are showing as below:

HKSE:01181' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.07 Med: 3.14 Max: 12.34
Current: 1.42

During the past 13 years, Tang Palace (China) Holdings's highest Cash to Debt Ratio was 12.34. The lowest was 1.07. And the median was 3.14.

HKSE:01181's Cash-to-Debt is ranked better than
81.58% of 342 companies
in the Restaurants industry
Industry Median: 0.41 vs HKSE:01181: 1.42

Tang Palace (China) Holdings Cash-to-Debt Historical Data

The historical data trend for Tang Palace (China) 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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Tang Palace (China) Holdings Cash-to-Debt Chart

Tang Palace (China) Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.07

1.31

1.53

1.72

1.42

Tang Palace (China) 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															1.53	1.51	1.72	2.51	1.42

Competitive Comparison of Tang Palace (China) Holdings's Cash-to-Debt

For the Restaurants subindustry, Tang Palace (China) 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.

Tang Palace (China) Holdings's Cash-to-Debt Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Tang Palace (China) Holdings's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Tang Palace (China) Holdings's Cash-to-Debt falls into.

Tang Palace (China) 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.

Tang Palace (China) 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)
	=	351.512	/	(60.638	+	187.736)
	=	1.42

Tang Palace (China) 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)
	=	351.512	/	(60.638	+	187.736)
	=	1.42

Tang Palace (China) Holdings (HKSE:01181) 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.

Tang Palace (China) Holdings Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Tang Palace (China) Holdings's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Tang Palace (China) Holdings (HKSE:01181) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Tang Palace (China) Holdings Ltd (HKSE:01181) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

TNGPF:USA

Address

No. 1 Science Museum Road, Unit 3, 10th Floor, Greenfield Tower, Concordia Plaza, Kowloon, HKG

Website

https://www.tanggong.cn

Tang Palace (China) Holdings Ltd is an investment holding company engaged in restaurant operations and food production. The primary production of the group is located in the People's Republic of China. It offers new dishes, seasonal foods, festive celebrations, basic sauce, food ingredient, and casual dining of different regional cuisines. The company has four operating segments - the Southern China region, the Eastern China region, the Northern China region, and the Western China region. Majority of its revenue is generated from the Eastern China segment. The company operates restaurants under the Soup Delice, Tang Palace, Tang's Cuisine, Tang Palace Seafood Restaurant, Canton Tea Room, Social Place, Pepper Lunch, and PappaRich, brands.

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