Glory Sun Land Group (HKSE:00299) Cash-to-Debt : 0.31 (As of Dec. 2023)

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What is Glory Sun Land Group 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. Glory Sun Land Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.31.

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, Glory Sun Land Group couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

HKSE:00299' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.23 Max: No Debt
Current: 0.31

During the past 13 years, Glory Sun Land Group's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 0.23.

HKSE:00299's Cash-to-Debt is ranked worse than
78.17% of 774 companies
in the Capital Markets industry
Industry Median: 1.975 vs HKSE:00299: 0.31

Glory Sun Land Group Cash-to-Debt Historical Data

The historical data trend for Glory Sun Land Group'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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Glory Sun Land Group Cash-to-Debt Chart

Glory Sun Land Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.08

0.06

0.04

0.01

0.31

Glory Sun Land Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.04	0.03	0.01	0.32	0.31

Competitive Comparison of Glory Sun Land Group's Cash-to-Debt

For the Capital Markets subindustry, Glory Sun Land Group'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.

Glory Sun Land Group's Cash-to-Debt Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Glory Sun Land Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Glory Sun Land Group's Cash-to-Debt falls into.

Glory Sun Land Group 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.

Glory Sun Land Group'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)
	=	1460.535	/	(3954.571	+	741.355)
	=	0.31

Glory Sun Land Group's Cash to Debt Ratio for the quarter 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)
	=	1460.535	/	(3954.571	+	741.355)
	=	0.31

Glory Sun Land Group (HKSE:00299) 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.

Glory Sun Land Group Cash-to-Debt Related Terms

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Glory Sun Land Group (HKSE:00299) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Glory Sun Land Group Ltd (HKSE:00299) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Tower Two, Lippo Centre, Unit 1305, 13th Floor, No. 89 Queensway, Admiralty, Hong Kong, HKG

Website

http://www.hk0299.com

Glory Sun Land Group Ltd is engaged in the trading of commodities in the People's Republic of China. The company's business segments are The real estate and property investment segment includes property development and property investment, the Trading of commodities segment includes the trading of commodities, the Construction segment includes the provision of construction works, Others segment includes the operation of a golf practicing court, operation of children's playrooms, operation of fitness rooms, operation of a karaoke box, and trading of home appliances and building materials.

Glory Sun Land Group (HKSE:00299) Headlines

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