First Service Holding (HKSE:02107) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is First Service Holding 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. First Service Holding's cash to debt ratio for the quarter that ended in Dec. 2023 was No Debt ⁽¹⁾.

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, First Service Holding could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

(1) 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.

The historical rank and industry rank for First Service Holding's Cash-to-Debt or its related term are showing as below:

HKSE:02107' s Cash-to-Debt Range Over the Past 10 Years
Min: 28.94 Med: No Debt Max: No Debt
Current: No Debt

During the past 7 years, First Service Holding's highest Cash to Debt Ratio was No Debt. The lowest was 28.94. And the median was No Debt.

HKSE:02107's Cash-to-Debt is ranked better than
99.67% of 1793 companies
in the Real Estate industry
Industry Median: 0.26 vs HKSE:02107: No Debt

First Service Holding Cash-to-Debt Historical Data

The historical data trend for First Service Holding'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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First Service Holding Cash-to-Debt Chart

First Service Holding Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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33.68

No Debt

28.94

No Debt

First Service Holding Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial						28.94	3,825.26	No Debt	No Debt	No Debt

Competitive Comparison of First Service Holding's Cash-to-Debt

For the Real Estate Services subindustry, First Service Holding'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.

First Service Holding's Cash-to-Debt Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, First Service Holding's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where First Service Holding's Cash-to-Debt falls into.

First Service Holding 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.

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

First Service Holding had no debt ⁽¹⁾.

First Service Holding's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

First Service Holding had no debt ⁽¹⁾.

First Service Holding (HKSE:02107) 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.

First Service Holding Cash-to-Debt Related Terms

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

First Service Holding (HKSE:02107) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » First Service Holding Ltd (HKSE:02107) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 Xiangheyuan Road, Dongzhimenwai, 3rd Floor, Building 10, Wanguocheng MOMA, Dongcheng District, Beijing, CHN, 100028

Website

https://www.firstservice.hk

First Service Holding Ltd is a provider of property management services and green living solutions that cover the full property life cycle. The company's service portfolio is segregated into three business lines Property management services comprising cleaning, security, gardening and repair and maintenance; Green living solutions comprising energy operation services, green technology consulting services, systems installation services and sales of its AIRDINO systems; and Value-added services comprising parking space management services, communal area leasing services, sales assistance services, home living services, and preliminary planning and design consultancy.

First Service Holding (HKSE:02107) Headlines

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First Service Holding (HKSE:02107) Cash-to-Debt : No Debt (1) (As of Dec. 2023)