VCredit Holdings (HKSE:02003) Cash-to-Debt : 0.29 (As of Dec. 2023)

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What is VCredit 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. VCredit Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.29.

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

HKSE:02003' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.25 Max: 0.47
Current: 0.29

During the past 9 years, VCredit Holdings's highest Cash to Debt Ratio was 0.47. The lowest was 0.06. And the median was 0.25.

HKSE:02003's Cash-to-Debt is ranked better than
52.28% of 505 companies
in the Credit Services industry
Industry Median: 0.25 vs HKSE:02003: 0.29

VCredit Holdings Cash-to-Debt Historical Data

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

VCredit Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.25

0.42

0.35

0.47

0.29

VCredit 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											0.35	0.40	0.47	0.52	0.29

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

For the Credit Services subindustry, VCredit 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.

VCredit Holdings's Cash-to-Debt Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, VCredit Holdings's Cash-to-Debt distribution charts can be found below:

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

VCredit Holdings Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents 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.

VCredit Holdings's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	1795.641	/	(0	+	6148.277)
	=	0.29

VCredit Holdings's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	1795.641	/	(0	+	6148.277)
	=	0.29

VCredit Holdings (HKSE:02003) 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.

VCredit Holdings Cash-to-Debt Related Terms

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

VCredit Holdings (HKSE:02003) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » VCredit Holdings Ltd (HKSE:02003) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

5R6:Germany

Address

19/F Two Pacific Place, Suite 1918, 88 Queensway, Hong Kong, HKG, 200085

Website

https://www.vcredit.com

VCredit Holdings Ltd is an investment holding company and has one operating segment. The Group is a technology-driven consumer financial service provider in the People's Republic of China. The Group offers tailored consumer finance products to prime and near-prime borrowers who are underserved by traditional financial institutions. The Group also offers consumer finance products by facilitating transactions between borrowers and financial institutions.

VCredit Holdings (HKSE:02003) Headlines

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