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New World Development Co (New World Development Co) Cash-to-Debt

: 0.24 (As of Dec. 2023)
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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. New World Development Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.24.

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, New World Development 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 New World Development Co's Cash-to-Debt or its related term are showing as below:

NDVLY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.24   Med: 0.41   Max: 0.52
Current: 0.24

During the past 13 years, New World Development Co's highest Cash to Debt Ratio was 0.52. The lowest was 0.24. And the median was 0.41.

NDVLY's Cash-to-Debt is ranked worse than
51.53% of 1793 companies
in the Real Estate industry
Industry Median: 0.26 vs NDVLY: 0.24

New World Development Co Cash-to-Debt Historical Data

The historical data trend for New World Development 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.

* Premium members only.

New World Development Co Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cash-to-Debt
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.41 0.40 0.42 0.36 0.35

New World Development 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.36 0.36 0.34 0.35 0.24
Competitive Comparison

For the Real Estate - Diversified subindustry, New World Development 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.

New World Development Co Cash-to-Debt Distribution

For the Real Estate industry and Real Estate sector, New World Development Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where New World Development Co's Cash-to-Debt falls into.


New World Development 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.

New World Development Co's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
=8777.173 / (6807.009 + 18158.649)
=0.35

New World Development 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)
=5080.463 / (8061.641 + 13306.602)
=0.24

* 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.

New World Development Co  (OTCPK:NDVLY) 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.

New World Development Co Cash-to-Debt Related Terms

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New World Development Co (New World Development Co) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » New World Development Co Ltd (OTCPK:NDVLY) » Definitions » Cash-to-Debt
Comparable Companies
HKSE:00041 HKSE:00207 HKSE:00258 HKSE:00242 HKSE:00050 HKSE:00978 HKSE:01329 HKSE:00120 HKSE:00251 HKSE:00488 ASX:GMG TSE:8801 TSE:8802 PHS:SMPH HKSE:00012 OSTO:BALD B BKK:CPN TSE:1878 XSWX:SPSN SHSE:600415
Traded in Other Exchanges
NWWDF:USA 00017:Hong Kong NWDA:Germany
Address
16-18 Queen's Road, Central, 30th Floor, New World Tower, Hong Kong, HKG
Website
https://www.nwd.com.hk
New World Development, or NWD, is the listed property arm of Chow Tai Fook, owned by the Cheng family. Chow Tai Fook owns a 45% stake in NWD, which mainly engages in residential property development and investment properties of retail malls and offices in Hong Kong and mainland China. NWD also develops high-end hotels across Hong Kong, mainland China and in Southeast Asia. Additionally, NWD holds a 75% interest in New World Department Store China, which operates 24 department stores in mainland China.