Wang On Group (HKSE:01222) Cash-to-Debt : 0.19 (As of Sep. 2023)

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What is Wang On Group 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. Wang On Group's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.19.

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, Wang On Group couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

HKSE:01222' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.19 Med: 0.45 Max: 0.83
Current: 0.19

During the past 13 years, Wang On Group's highest Cash to Debt Ratio was 0.83. The lowest was 0.19. And the median was 0.45.

HKSE:01222's Cash-to-Debt is ranked worse than
72.41% of 522 companies
in the Conglomerates industry
Industry Median: 0.49 vs HKSE:01222: 0.19

Wang On Group Cash-to-Debt Historical Data

The historical data trend for Wang On Group'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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Wang On Group Cash-to-Debt Chart

Wang On Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

Get a 7-Day Free Trial

0.60

0.32

0.26

0.27

Wang On Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															0.28	0.26	0.28	0.27	0.19

Competitive Comparison of Wang On Group's Cash-to-Debt

For the Conglomerates subindustry, Wang On Group'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.

Wang On Group's Cash-to-Debt Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Wang On Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Wang On Group's Cash-to-Debt falls into.

Wang On Group 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.

Wang On Group's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	1703.312	/	(3176.66	+	3069.908)
	=	0.27

Wang On Group's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	1269.348	/	(3597.646	+	2938.699)
	=	0.19

Wang On Group (HKSE:01222) 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.

Wang On Group Cash-to-Debt Related Terms

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

Wang On Group (HKSE:01222) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Wang On Group Ltd (HKSE:01222) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

39 Wang Kwong Road, Suite 3202, 32nd Floor, Skyline Tower, Kowloon Bay, Kowloon, Hong Kong, HKG

Website

https://www.wangon.com

Wang On Group Ltd is an investment holding company engaged in property development businesses. It operates in five business segments. The Property Development segment is engaged in the development of properties. The Property Investment segment is engaged in investment in industrial and commercial premises and residential units for rental or for sale. The Fresh markets segment is engaged in the management and sub-licensing of fresh markets and butchery business. The Pharmaceutical segment engages in the production and sale of pharmaceutical and health food products. The Treasury management segment engages in the provision of finance and investments in debt and other securities which earn interest income.

Wang On Group (HKSE:01222) Headlines

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