Yu Tak International Holdings (HKSE:08048) Cash-to-Debt : 9.90 (As of Dec. 2023)

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What is Yu Tak International 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. Yu Tak International Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 9.90.

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, Yu Tak International Holdings could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Yu Tak International Holdings's Cash-to-Debt or its related term are showing as below:

HKSE:08048' s Cash-to-Debt Range Over the Past 10 Years
Min: 8.19 Med: 25.37 Max: No Debt
Current: 9.9

During the past 13 years, Yu Tak International Holdings's highest Cash to Debt Ratio was No Debt. The lowest was 8.19. And the median was 25.37.

HKSE:08048's Cash-to-Debt is ranked better than
67.68% of 2788 companies
in the Software industry
Industry Median: 2.515 vs HKSE:08048: 9.90

Yu Tak International Holdings Cash-to-Debt Historical Data

The historical data trend for Yu Tak International 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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Yu Tak International Holdings Cash-to-Debt Chart

Yu Tak International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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39.51

17.32

22.03

9.69

9.90

Yu Tak International Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															9.69	N/A	11.89	N/A	9.90

Competitive Comparison of Yu Tak International Holdings's Cash-to-Debt

For the Software - Application subindustry, Yu Tak International 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.

Yu Tak International Holdings's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, Yu Tak International Holdings's Cash-to-Debt distribution charts can be found below:

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

Yu Tak International 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.

Yu Tak International 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)
	=	21.031	/	(1.037	+	1.088)
	=	9.90

Yu Tak International 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)
	=	21.031	/	(1.037	+	1.088)
	=	9.90

Yu Tak International Holdings (HKSE:08048) 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.

Yu Tak International Holdings Cash-to-Debt Related Terms

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

Yu Tak International Holdings (HKSE:08048) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Yu Tak International Holdings Ltd (HKSE:08048) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

199, Des Voeux Road Central, 35/F Infinitius Plaza, Sheung Wan, Hong Kong, HKG

Website

http://www.hkjewelry.net

Yu Tak International Holdings Limited, formerly Hong Kong Jewellery Holding Limited, is a Hong Kong-based investment holding company principally engaged in information technology (IT) related businesses. The Company operates through two business segments. The Jewelry Products segment is engaged in the design and sales of gold and jewelry products. The IT Products and Services segment is engaged in the provision of information technology services, including systems integration and professional services, as well as the sales of products, including enterprise software products. sia.

Executives

Lau Cheunghung	2101 Beneficial owner
Ocean Expert Investments Limited	2101 Beneficial owner
Li Xia	2201 Interest of corporation controlled by you
Flourish Zone Limited	2101 Beneficial owner
Ck Hutchison Holdings Limited
Chen Yin

Yu Tak International Holdings (HKSE:08048) Headlines

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