Hong Kong and China Gas Co (Hong Kong and China Gas Co) Cash-to-Debt : 0.18 (As of Dec. 2023)

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What is Hong Kong and China Gas Co 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. Hong Kong and China Gas Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.18.

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, Hong Kong and China Gas Co 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 Hong Kong and China Gas Co's Cash-to-Debt or its related term are showing as below:

HOKCY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.18 Med: 0.23 Max: 0.43
Current: 0.18

During the past 13 years, Hong Kong and China Gas Co's highest Cash to Debt Ratio was 0.43. The lowest was 0.18. And the median was 0.23.

HOKCY's Cash-to-Debt is ranked worse than
58.54% of 492 companies
in the Utilities - Regulated industry
Industry Median: 0.26 vs HOKCY: 0.18

Hong Kong and China Gas Co Cash-to-Debt Historical Data

The historical data trend for Hong Kong and China Gas Co'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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Hong Kong and China Gas Co Cash-to-Debt Chart

Hong Kong and China Gas Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.21

0.18

0.19

0.22

0.18

Hong Kong and China Gas Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.19	0.18	0.22	0.20	0.18

Competitive Comparison of Hong Kong and China Gas Co's Cash-to-Debt

For the Utilities - Regulated Gas subindustry, Hong Kong and China Gas Co'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.

Hong Kong and China Gas Co's Cash-to-Debt Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Hong Kong and China Gas Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Hong Kong and China Gas Co's Cash-to-Debt falls into.

Hong Kong and China Gas Co 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.

Hong Kong and China Gas Co'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)
	=	1333.312	/	(2000.461	+	5286.14)
	=	0.18

Hong Kong and China Gas Co'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)
	=	1333.312	/	(2000.461	+	5286.14)
	=	0.18

Hong Kong and China Gas Co (OTCPK:HOKCY) 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.

Hong Kong and China Gas Co Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Hong Kong and China Gas Co's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Hong Kong and China Gas Co (Hong Kong and China Gas Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Hong Kong and China Gas Co Ltd (OTCPK:HOKCY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

HOKCF:USA 00003:Hong Kong HCG:Germany

Address

363 Java Road, 23rd Floor, North Point, Hong Kong, HKG

Website

http://www.towngas.com

Hong Kong and China Gas Co Ltd, is the oldest public utility company in Hong Kong. The company's core business comprises the production and distribution of town gas in Hong Kong, with a monopoly on distribution and retail. In the mainland, the company has a gas distribution business with 267 projects across 26 provinces. HKCG is also investing in water, upstream gas, and new energies. The business mix is approximately 90% gas utilities and 10% new energy. HKCG also holds a 15.8% stake in International Financial Center, a Grade A office building in the Hong Kong central business district.

Hong Kong and China Gas Co (Hong Kong and China Gas Co) Headlines

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