Asia Orient Holdings (HKSE:00214) Cash-to-Debt : 0.32 (As of Sep. 2023)

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What is Asia Orient 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. Asia Orient Holdings's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.32.

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, Asia Orient 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 Asia Orient Holdings's Cash-to-Debt or its related term are showing as below:

HKSE:00214' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.28 Med: 1.04 Max: 1.35
Current: 0.32

During the past 13 years, Asia Orient Holdings's highest Cash to Debt Ratio was 1.35. The lowest was 0.28. And the median was 1.04.

HKSE:00214's Cash-to-Debt is ranked worse than
71.09% of 1470 companies
in the Asset Management industry
Industry Median: 6 vs HKSE:00214: 0.32

Asia Orient Holdings Cash-to-Debt Historical Data

The historical data trend for Asia Orient 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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Asia Orient Holdings Cash-to-Debt Chart

Asia Orient Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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1.02

0.88

0.80

0.44

0.48

Asia Orient 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															0.45	0.44	0.28	0.48	0.32

Competitive Comparison of Asia Orient Holdings's Cash-to-Debt

For the Asset Management subindustry, Asia Orient 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.

Asia Orient Holdings's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Asia Orient Holdings's Cash-to-Debt distribution charts can be found below:

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

Asia Orient 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.

Asia Orient 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)
	=	7979.051	/	(3901.632	+	12865.355)
	=	0.48

Asia Orient 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)
	=	5591.863	/	(5633.321	+	11851.62)
	=	0.32

Asia Orient Holdings (HKSE:00214) 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.

Asia Orient Holdings Cash-to-Debt Related Terms

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

Asia Orient Holdings (HKSE:00214) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Asia Orient Holdings Ltd (HKSE:00214) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

33 Lockhart Road, 30th Floor, YF Life Tower, Wanchai, Hong Kong, HKG

Website

http://www.asiaorient.com.hk

Asia Orient Holdings Ltd is an investment holding company. The company operates through segments which are, Property Sales, Property Leasing, Hotel, and Travel, as well as Financial Investment and Others. The company generates maximum revenue from the Financial Investment segment.

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