Victor Group Holdings (ASX:VIG) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2024)

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What is Victor Group 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. Victor Group Holdings's cash to debt ratio for the quarter that ended in Dec. 2024 was No Debt ⁽¹⁾.

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, Victor Group Holdings could pay off its debt using the cash in hand for the quarter that ended in Dec. 2024.

(1) 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.

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

ASX:VIG' s Cash-to-Debt Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt

During the past 11 years, Victor Group Holdings's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

ASX:VIG's Cash-to-Debt is ranked better than
99.86% of 2803 companies
in the Software industry
Industry Median: 2.61 vs ASX:VIG: No Debt

Victor Group Holdings Cash-to-Debt Historical Data

The historical data trend for Victor Group 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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Victor Group Holdings Cash-to-Debt Chart

Victor Group Holdings Annual Data

Trend

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Cash-to-Debt

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No Debt

Victor Group Holdings Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Victor Group Holdings's Cash-to-Debt

For the Software - Application subindustry, Victor Group 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.

Victor Group Holdings's Cash-to-Debt Distribution in the Software Industry

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

* The bar in red indicates where Victor Group Holdings's Cash-to-Debt falls into.

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Victor Group 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.

Victor Group Holdings's Cash to Debt Ratio for the fiscal year that ended in Jun. 2024 is calculated as:

Victor Group Holdings had no debt ⁽¹⁾.

Victor Group Holdings's Cash to Debt Ratio for the quarter that ended in Dec. 2024 is calculated as:

Victor Group Holdings had no debt ⁽¹⁾.

Victor Group Holdings (ASX:VIG) 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.

Victor Group Holdings Cash-to-Debt Related Terms

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Victor Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Victor Group Holdings Ltd (ASX:VIG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Bligh Street, Level 26, Sydney, NSW, AUS, 2000

Website

http://www.sinovictor.com

Victor Group Holdings Ltd is engaged in providing Infrastructure as a Service (IaaS), Software as a Service (SaaS), and Platform as a Service (PaaS) solutions; building and operating cloud based platforms for education, and data management platforms for corporate and government clients. It also provides cloud-based e-learning solutions for educational institutions. The company operates in two segments first consisting of SaaS, IaaS, and PaaS solutions which derives key revenue, and the second being Cloud Education. Geographically, the company operates in the People's Republic of China (PRC) which is also its key revenue generating market, and Australia.