Luk Fook Holdings (International) (HKSE:00590) Cash-to-Debt : 1.41 (As of Sep. 2023)

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What is Luk Fook Holdings (International) 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. Luk Fook Holdings (International)'s cash to debt ratio for the quarter that ended in Sep. 2023 was 1.41.

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, Luk Fook Holdings (International) could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

The historical rank and industry rank for Luk Fook Holdings (International)'s Cash-to-Debt or its related term are showing as below:

HKSE:00590' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.91 Med: 2.26 Max: No Debt
Current: 1.41

During the past 13 years, Luk Fook Holdings (International)'s highest Cash to Debt Ratio was No Debt. The lowest was 0.91. And the median was 2.26.

HKSE:00590's Cash-to-Debt is ranked better than
71.05% of 1102 companies
in the Retail - Cyclical industry
Industry Median: 0.47 vs HKSE:00590: 1.41

Luk Fook Holdings (International) Cash-to-Debt Historical Data

The historical data trend for Luk Fook Holdings (International)'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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Luk Fook Holdings (International) Cash-to-Debt Chart

Luk Fook Holdings (International) Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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0.91

1.20

2.35

1.51

2.73

Luk Fook Holdings (International) Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															1.68	1.51	2.82	2.73	1.41

Competitive Comparison of Luk Fook Holdings (International)'s Cash-to-Debt

For the Luxury Goods subindustry, Luk Fook Holdings (International)'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.

Luk Fook Holdings (International)'s Cash-to-Debt Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Luk Fook Holdings (International)'s Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Luk Fook Holdings (International)'s Cash-to-Debt falls into.

Luk Fook Holdings (International) 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.

Luk Fook Holdings (International)'s Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	2347.651	/	(712.596	+	147.605)
	=	2.73

Luk Fook Holdings (International)'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)
	=	2253.889	/	(1356.958	+	239.702)
	=	1.41

Luk Fook Holdings (International) (HKSE:00590) 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.

Luk Fook Holdings (International) Cash-to-Debt Related Terms

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

Luk Fook Holdings (International) (HKSE:00590) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Luk Fook Holdings (International) Ltd (HKSE:00590) » Definitions » Cash-to-Debt

Traded in Other Exchanges

LKFLF:USA LUY1:Germany

Address

No. 2 On Yiu Street, 15th, 20th, 25th & 27th Floors, Metropole Square, Shatin, New Territories, Hong Kong, HKG

Website

https://www.lukfook.com

Luk Fook Holdings (International) Ltd is a Hong Kong-based investment holding company. The company is engaged in the sourcing, designing, wholesaling, trademark licensing and retailing of a variety of gold and platinum jewelry and gem-set jewelry products. It operates through the following five segments: Retailing in Hong Kong, Macau and Overseas; Retailing in Mainland China; Wholesaling in Hong Kong; Wholesaling in Mainland China; and Licensing. The company generates maximum revenue from Retailing in Hong Kong, Macau and Overseas segments.

Luk Fook Holdings (International) (HKSE:00590) Headlines

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