National Electronics Holdings (HKSE:00213) Cash-to-Debt : 0.13 (As of Sep. 2023)

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What is National Electronics 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. National Electronics Holdings's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.13.

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, National Electronics Holdings couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

HKSE:00213' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.13 Med: 0.26 Max: 0.37
Current: 0.13

During the past 13 years, National Electronics Holdings's highest Cash to Debt Ratio was 0.37. The lowest was 0.13. And the median was 0.26.

HKSE:00213's Cash-to-Debt is ranked worse than
73.95% of 1025 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.48 vs HKSE:00213: 0.13

National Electronics Holdings Cash-to-Debt Historical Data

The historical data trend for National Electronics 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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National Electronics Holdings Cash-to-Debt Chart

National Electronics Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

Get a 7-Day Free Trial

0.26

0.33

0.32

0.28

0.20

National Electronics Holdings 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															0.28	0.28	0.23	0.20	0.13

Competitive Comparison of National Electronics Holdings's Cash-to-Debt

For the Footwear & Accessories subindustry, National Electronics 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.

National Electronics Holdings's Cash-to-Debt Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, National Electronics Holdings's Cash-to-Debt distribution charts can be found below:

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

National Electronics 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.

National Electronics Holdings'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)
	=	1004.998	/	(1381.573	+	3532.932)
	=	0.20

National Electronics Holdings'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)
	=	644.012	/	(1195.449	+	3787.526)
	=	0.13

National Electronics Holdings (HKSE:00213) 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.

National Electronics Holdings Cash-to-Debt Related Terms

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

National Electronics Holdings (HKSE:00213) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » National Electronics Holdings Ltd (HKSE:00213) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

11 Pedder Street, The Landmark, Suite 3201, Gloucester Tower, Central, Hong Kong, HKG

Website

https://www.national.com.hk

National Electronics Holdings Ltd is an investment holding company. The company's operating segment includes the Manufacture of watches and trading of watch movements, Property development and investment, and Hotel operation. The property development and investment segment includes the development and sale of properties and the holding of properties for investment and leasing purposes. The company generates the majority of its revenue from sales of watches. The company has a Geographically presence in North America, Hong Kong, China, Europe, and Other Countries.

Executives

Lee Loewe Bon Chi
Lee Yuen Ching Jimmy
Fenmore Investments Limited	2101 Beneficial owner
Hsbc International Trustee Limited	2301 Trustee
Americus Holdings Limited	2101 Beneficial owner

National Electronics Holdings (HKSE:00213) Headlines

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