Anchorstone Holdings (HKSE:01592) Cash-to-Debt : 0.01 (As of Dec. 2023)

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What is Anchorstone 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. Anchorstone Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.01.

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

HKSE:01592' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.08
Current: 0.01

During the past 9 years, Anchorstone Holdings's highest Cash to Debt Ratio was 0.08. The lowest was 0.00. And the median was 0.01.

HKSE:01592's Cash-to-Debt is ranked worse than
98.37% of 1655 companies
in the Construction industry
Industry Median: 0.62 vs HKSE:01592: 0.01

Anchorstone Holdings Cash-to-Debt Historical Data

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

Anchorstone Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.02

0.01

Anchorstone Holdings Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial											0.02	0.01	0.01	0.01	0.01

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

For the Building Products & Equipment subindustry, Anchorstone 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.

Anchorstone Holdings's Cash-to-Debt Distribution in the Construction Industry

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

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

Anchorstone 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.

Anchorstone 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)
	=	0.507	/	(33.592	+	26.484)
	=	0.01

Anchorstone 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)
	=	0.507	/	(33.592	+	26.484)
	=	0.01

Anchorstone Holdings (HKSE:01592) 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.

Anchorstone Holdings Cash-to-Debt Related Terms

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

Anchorstone Holdings (HKSE:01592) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Anchorstone Holdings Ltd (HKSE:01592) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2 On Yiu Street, Unit 1501–1502, 15th floor, Delta House, Shatin New Territories, Hong Kong, HKG

Website

https://www.anchorstone.com.hk

Anchorstone Holdings Ltd is an investment holding company. The company supplies marble and granite and provides relevant installation services for construction projects. It operates in two segments: Supply & installation service and Stone sales. The company offers services for buildings and property, including commercial buildings, residential buildings, hotels, and public infrastructures. The majority of the revenue is generated from the Supply and installation service. Its geographical segments are Hong Kong and Macau, out of which Hong Kong accounts for the majority of the revenue.

Executives

Pmg Investments Limited	2101 Beneficial owner
Lui Yue Yun Gary	2201 Interest of corporation controlled by you
Pacific Marble & Granite Holdings (bvi) Ltd.	2201 Interest of corporation controlled by you
Choi Hok Ya	2101 Beneficial owner

Anchorstone Holdings (HKSE:01592) Headlines

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