New Century Group Hong Kong (HKSE:00234) Cash-to-Debt : 19.21 (As of Sep. 2023)

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What is New Century Group Hong Kong 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. New Century Group Hong Kong's cash to debt ratio for the quarter that ended in Sep. 2023 was 19.21.

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, New Century Group Hong Kong could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

The historical rank and industry rank for New Century Group Hong Kong's Cash-to-Debt or its related term are showing as below:

HKSE:00234' s Cash-to-Debt Range Over the Past 10 Years
Min: 4.16 Med: 6.79 Max: 32.16
Current: 19.21

During the past 13 years, New Century Group Hong Kong's highest Cash to Debt Ratio was 32.16. The lowest was 4.16. And the median was 6.79.

HKSE:00234's Cash-to-Debt is ranked better than
90.15% of 1442 companies
in the Banks industry
Industry Median: 1.285 vs HKSE:00234: 19.21

New Century Group Hong Kong Cash-to-Debt Historical Data

The historical data trend for New Century Group Hong Kong'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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New Century Group Hong Kong Cash-to-Debt Chart

New Century Group Hong Kong Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

Get a 7-Day Free Trial

7.77

6.29

7.64

6.69

6.34

New Century Group Hong Kong 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															8.89	6.69	6.89	6.34	19.21

Competitive Comparison of New Century Group Hong Kong's Cash-to-Debt

For the Mortgage Finance subindustry, New Century Group Hong Kong'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 Century Group Hong Kong's Cash-to-Debt Distribution in the Banks Industry

For the Banks industry and Financial Services sector, New Century Group Hong Kong's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where New Century Group Hong Kong's Cash-to-Debt falls into.

New Century Group Hong Kong 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 Century Group Hong Kong'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)
	=	456.01	/	(71.895	+	0)
	=	6.34

New Century Group Hong Kong'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)
	=	462.713	/	(24.09	+	0)
	=	19.21

New Century Group Hong Kong (HKSE:00234) 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 Century Group Hong Kong Cash-to-Debt Related Terms

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New Century Group Hong Kong (HKSE:00234) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » New Century Group Hong Kong Ltd (HKSE:00234) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

168-200 Connaught Road Central, Unit 3808, 38th Floor, West Tower, Shun Tak Centre, Hong Kong, HKG

Website

http://www.ncgrp.com.hk

New Century Group Hong Kong Ltd is an investment holding company. The firm along with its subsidiaries is engaged in the business segments of Property investments; Money lending services; and Securities trading, where the securities trading segment engages in the trading of marketable securities for short-term investment purposes, the property investments segment invests in prime office space and commercial shops for their rental income potential and the money lending segment engages in the provision of secured mortgage loans and unsecured personal loans. The company derives the majority of its revenue from the Money lending segment. The group operates in Hong Kong and the rest of Southeast Asia, of which maximum revenue is generated from Hong Kong.

Executives

Ng Lilian	2101 Beneficial owner
Ng Siew Lang, Linda	2101 Beneficial owner
Sio Ion Kuan	2101 Beneficial owner
Ng Wee Keat	2101 Beneficial owner
Huang Si Teng	2501 Other
Ng (huang) Cheow Leng	2201 Interest of corporation controlled by you
Huang Group (bvi) Limited	2201 Interest of corporation controlled by you

New Century Group Hong Kong (HKSE:00234) Headlines

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