Hon Kwok Land Investment Co (HKSE:00160) Cash-to-Debt : 0.19 (As of Sep. 2024)

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What is Hon Kwok Land Investment 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. Hon Kwok Land Investment Co's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.19.

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, Hon Kwok Land Investment Co couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

The historical rank and industry rank for Hon Kwok Land Investment Co's Cash-to-Debt or its related term are showing as below:

HKSE:00160' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.1 Med: 0.32 Max: 0.66
Current: 0.19

During the past 13 years, Hon Kwok Land Investment Co's highest Cash to Debt Ratio was 0.66. The lowest was 0.10. And the median was 0.32.

HKSE:00160's Cash-to-Debt is ranked worse than
56.67% of 1754 companies
in the Real Estate industry
Industry Median: 0.25 vs HKSE:00160: 0.19

Hon Kwok Land Investment Co Cash-to-Debt Historical Data

The historical data trend for Hon Kwok Land Investment 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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Hon Kwok Land Investment Co Cash-to-Debt Chart

Hon Kwok Land Investment Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

Get a 7-Day Free Trial

0.37

0.33

0.34

0.29

0.20

Hon Kwok Land Investment Co Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															0.32	0.29	0.29	0.20	0.19

Competitive Comparison of Hon Kwok Land Investment Co's Cash-to-Debt

For the Real Estate - Development subindustry, Hon Kwok Land Investment 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.

Hon Kwok Land Investment Co's Cash-to-Debt Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Hon Kwok Land Investment Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Hon Kwok Land Investment Co's Cash-to-Debt falls into.

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Hon Kwok Land Investment 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.

Hon Kwok Land Investment Co's Cash to Debt Ratio for the fiscal year that ended in Mar. 2024 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)
	=	1301.03	/	(1742.159	+	4811.14)
	=	0.20

Hon Kwok Land Investment Co's Cash to Debt Ratio for the quarter that ended in Sep. 2024 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)
	=	1255.523	/	(1558.682	+	4997.551)
	=	0.19

Hon Kwok Land Investment Co (HKSE:00160) 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.

Hon Kwok Land Investment Co Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Hon Kwok Land Investment Co's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Hon Kwok Land Investment Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Hon Kwok Land Investment Co Ltd (HKSE:00160) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

111 Connaught Road, 23rd Floor, Wing On Centre, Central, Hong Kong, HKG

Website

https://www.honkwok.com.hk

Hon Kwok Land Investment Co Ltd is a Hong Kong-based investment holding company. The company's operating segments include Property development; Property investment and Property, carpark management, and others segment. It generates maximum revenue from the Property development segment which develops properties for sale. Geographically, it has a business presence in Hong Kong, Japan, and Mainland China, of which it derives a majority of its revenue from Mainland China.

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