Best Mart 360 Holdings (HKSE:02360) Cash-to-Debt : 0.75 (As of Sep. 2023)

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What is Best Mart 360 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. Best Mart 360 Holdings's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.75.

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, Best Mart 360 Holdings 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 Best Mart 360 Holdings's Cash-to-Debt or its related term are showing as below:

HKSE:02360' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.16 Med: 0.41 Max: 3.69
Current: 0.75

During the past 7 years, Best Mart 360 Holdings's highest Cash to Debt Ratio was 3.69. The lowest was 0.16. And the median was 0.41.

HKSE:02360's Cash-to-Debt is ranked better than
61.46% of 301 companies
in the Retail - Defensive industry
Industry Median: 0.45 vs HKSE:02360: 0.75

Best Mart 360 Holdings Cash-to-Debt Historical Data

The historical data trend for Best Mart 360 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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Best Mart 360 Holdings Cash-to-Debt Chart

Best Mart 360 Holdings Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Cash-to-Debt

Get a 7-Day Free Trial

0.41

3.69

0.66

0.27

0.40

Best Mart 360 Holdings Semi-Annual Data
	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial									0.16	0.40	0.55	0.45	0.75

Competitive Comparison of Best Mart 360 Holdings's Cash-to-Debt

For the Discount Stores subindustry, Best Mart 360 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.

Best Mart 360 Holdings's Cash-to-Debt Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Best Mart 360 Holdings's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Best Mart 360 Holdings's Cash-to-Debt falls into.

Best Mart 360 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.

Best Mart 360 Holdings's Cash to Debt Ratio for the fiscal year that ended in Mar. 2022 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)
	=	130.076	/	(212.894	+	110.756)
	=	0.40

Best Mart 360 Holdings'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)
	=	255.561	/	(211.516	+	129.767)
	=	0.75

Best Mart 360 Holdings (HKSE:02360) 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.

Best Mart 360 Holdings Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Best Mart 360 Holdings's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Best Mart 360 Holdings (HKSE:02360) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Best Mart 360 Holdings Ltd (HKSE:02360) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

BMTHF:USA

Address

No. 108 Wai Yip Street, 11th Floor, C-Bons International Center, Kowloon, Hong Kong, HKG

Website

https://www.bestmart360.com

Best Mart 360 Holdings Ltd is a leisure food retailer operating chain retail stores under its stores Best Mart 360 and FoodVille. The company is engaged in retail sales of food and beverage, household and personal care products in Hong Kong, Macau and People's Republic of China. The company generates majority of the revenue from Hong Kong.

Executives

China Merchants Group Limited	2201 Interest of corporation controlled by you
China Merchants Hoi Tung Trading Company Limited	2106 Person having a security interest in shares
United East Global Limited	2101 Beneficial owner
Universal Tycoon Limited	2101 Beneficial owner
Sino Sea Enterprises Limited	2101 Beneficial owner
Hui Ngai Fan	2201 Interest of corporation controlled by you
Lin Tsz Fung	2201 Interest of corporation controlled by you
Sea Wealth Ventures Limited	2101 Beneficial owner
Giant Blessing Global Limited	2101 Beneficial owner
Lee Wai Bing	2202 Interest of your spouse

Best Mart 360 Holdings (HKSE:02360) Headlines

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