Veson Holdings (HKSE:01399) Cash-to-Debt : 0.10 (As of Dec. 2023)

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What is Veson 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. Veson Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.10.

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

HKSE:01399' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.1 Med: 0.37 Max: 1.21
Current: 0.1

During the past 13 years, Veson Holdings's highest Cash to Debt Ratio was 1.21. The lowest was 0.10. And the median was 0.37.

HKSE:01399's Cash-to-Debt is ranked worse than
91.37% of 2909 companies
in the Industrial Products industry
Industry Median: 1.22 vs HKSE:01399: 0.10

Veson Holdings Cash-to-Debt Historical Data

The historical data trend for Veson 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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Veson Holdings Cash-to-Debt Chart

Veson Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.68

0.22

0.19

0.17

0.10

Veson 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															0.19	0.13	0.17	0.08	0.10

Competitive Comparison of Veson Holdings's Cash-to-Debt

For the Electrical Equipment & Parts subindustry, Veson 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.

Veson Holdings's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Veson Holdings's Cash-to-Debt distribution charts can be found below:

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

Veson 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.

Veson 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)
	=	146.375	/	(1141.433	+	292.965)
	=	0.10

Veson 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)
	=	146.375	/	(1141.433	+	292.965)
	=	0.10

Veson Holdings (HKSE:01399) 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.

Veson Holdings Cash-to-Debt Related Terms

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

Veson Holdings (HKSE:01399) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Veson Holdings Ltd (HKSE:01399) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

No. 98 Jiangbin Avenue East, Fuzhou Pilot Free Trade Zone, Scud Industrial Park, Fujian Province, Mawei District, Fuzhou, CHN

Website

http://www.vesonhldg.com

Veson Holdings Ltd is engaged in the business of original design manufacturing (ODM business) as well as the bare battery cells business. It generates maximum revenue from the ODM business segment which involves the manufacture and supply of lithium-ion battery modules, power banks, motive battery and related accessories for branded mobile phone and tablets and EV manufacturers within and outside China. Geographically, it operates in the PRC. The company's products are used for mobile phones, tablets and digital products battery and related accessories.

Executives

Fang Jin	2201 Interest of corporation controlled by you
Right Grand Holdings Limited	2101 Beneficial owner
Swift Joy Holdings Limited	2101 Beneficial owner

Veson Holdings (HKSE:01399) Headlines

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