Lung Kee Group Holdings (HKSE:00255) Cash-to-Debt : 105.31 (As of Jun. 2024)

View and export this data going back to 1993. Start your Free Trial

What is Lung Kee 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. Lung Kee Group Holdings's cash to debt ratio for the quarter that ended in Jun. 2024 was 105.31.

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, Lung Kee Group Holdings could pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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

HKSE:00255' s Cash-to-Debt Range Over the Past 10 Years
Min: 3.52 Med: 86.51 Max: No Debt
Current: 105.31

During the past 13 years, Lung Kee Group Holdings's highest Cash to Debt Ratio was No Debt. The lowest was 3.52. And the median was 86.51.

HKSE:00255's Cash-to-Debt is ranked better than
89.58% of 2994 companies
in the Industrial Products industry
Industry Median: 1.18 vs HKSE:00255: 105.31

Lung Kee Group Holdings Cash-to-Debt Historical Data

The historical data trend for Lung Kee 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.

* Premium members only.

Lung Kee Group Holdings Cash-to-Debt Chart

Lung Kee Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

51.22

64.29

92.40

56.13

65.31

Lung Kee Group Holdings Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial															90.07	56.13	54.49	65.31	105.31

Competitive Comparison of Lung Kee Group Holdings's Cash-to-Debt

For the Metal Fabrication subindustry, Lung Kee 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.

Lung Kee Group Holdings's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Lung Kee Group Holdings's Cash-to-Debt distribution charts can be found below:

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

Lung Kee 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.

Lung Kee Group Holdings's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	428.758	/	(3.307	+	3.258)
	=	65.31

Lung Kee Group Holdings's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	470.541	/	(1.966	+	2.502)
	=	105.31

Lung Kee Group Holdings (HKSE:00255) 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.

Lung Kee Group Holdings Cash-to-Debt Related Terms

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

Lung Kee Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Lung Kee Group Holdings Ltd (HKSE:00255) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 On Kwan Street, Unit A, 15th Floor, Kings Wing Plaza 2, Sha Tin, New Territories, Hong Kong, HKG

Website

https://www.lkm.com.cn

Lung Kee Group Holdings Ltd is an investment holding company that provides corporate management services. Along with its subsidiaries, it is engaged in the manufacturing and marketing of mould bases and related products. Its product offerings include standard and custom-made mould base, mould components, tool and steel products such as plastic and steel mould, hot and cold work steel, precision plates, standard mould inserts, and other materials. The company generates a majority of its revenue from the People's Republic of China and the rest from other markets like Asia, Europe, and America.

Executives

Siu Tit Lung	2103 Interests held jointly with another person
Siu Yuk Lung	2103 Interests held jointly with another person
Webb David Michael	2101 Beneficial owner

Lung Kee Group Holdings Headlines

No Headlines