Kong Sun Holdings (HKSE:00295) Cash-to-Debt : 0.04 (As of Jun. 2024)

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What is Kong Sun 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. Kong Sun Holdings's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.04.

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, Kong Sun Holdings couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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

HKSE:00295' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.08 Max: 1.62
Current: 0.04

During the past 13 years, Kong Sun Holdings's highest Cash to Debt Ratio was 1.62. The lowest was 0.02. And the median was 0.08.

HKSE:00295's Cash-to-Debt is ranked worse than
88.45% of 433 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.24 vs HKSE:00295: 0.04

Kong Sun Holdings Cash-to-Debt Historical Data

The historical data trend for Kong Sun 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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Kong Sun Holdings Cash-to-Debt Chart

Kong Sun Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.02

0.03

0.18

0.14

Kong Sun 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															0.08	0.14	0.08	0.14	0.04

Competitive Comparison of Kong Sun Holdings's Cash-to-Debt

For the Utilities - Renewable subindustry, Kong Sun 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.

Kong Sun Holdings's Cash-to-Debt Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Kong Sun Holdings's Cash-to-Debt distribution charts can be found below:

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

Kong Sun 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.

Kong Sun 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)
	=	278.671	/	(1186.306	+	836.029)
	=	0.14

Kong Sun 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)
	=	75.044	/	(1161.684	+	662.543)
	=	0.04

Kong Sun Holdings (HKSE:00295) 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.

Kong Sun Holdings Cash-to-Debt Related Terms

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Kong Sun Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Kong Sun Holdings Ltd (HKSE:00295) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

108 Gloucester Road, Everbright Centre, Unit 803-4, 8th Floor, Wanchai, Hong Kong, HKG

Website

http://www.kongsun.com

Kong Sun Holdings Ltd owns and operates photovoltaic power plants, invest in and lease properties, manufactures and sells life-like plants, and trade listed securities. It operates through the following segments: Solar Power Plants, Financial Services, and Liquefied natural gas. The Solar Power Plants segment which derives the majority of revenue generates and sells electricity. The Financial Services segment generates interest income recognized on a time-proportion basis. The Liquefied natural gas segment engages in the trading of liquefied natural gas.

Executives

Miao Yu	2201 Interest of corporation controlled by you
Prospect Ace Limited	2101 Beneficial owner
Xiang Jun	2101 Beneficial owner

Kong Sun Holdings Headlines

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