Hing Lee (HK) Holdings (HKSE:00396) Cash-to-Debt : 0.66 (As of Jun. 2024)

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What is Hing Lee (HK) 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. Hing Lee (HK) Holdings's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.66.

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, Hing Lee (HK) 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 Hing Lee (HK) Holdings's Cash-to-Debt or its related term are showing as below:

HKSE:00396' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.41 Med: 0.69 Max: 1.85
Current: 0.66

During the past 13 years, Hing Lee (HK) Holdings's highest Cash to Debt Ratio was 1.85. The lowest was 0.41. And the median was 0.69.

HKSE:00396's Cash-to-Debt is ranked worse than
57.81% of 429 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 1.05 vs HKSE:00396: 0.66

Hing Lee (HK) Holdings Cash-to-Debt Historical Data

The historical data trend for Hing Lee (HK) 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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Hing Lee (HK) Holdings Cash-to-Debt Chart

Hing Lee (HK) Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.49

0.83

0.49

0.47

0.56

Hing Lee (HK) 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															0.41	0.47	0.49	0.56	0.66

Competitive Comparison of Hing Lee (HK) Holdings's Cash-to-Debt

For the Furnishings, Fixtures & Appliances subindustry, Hing Lee (HK) 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.

Hing Lee (HK) Holdings's Cash-to-Debt Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Hing Lee (HK) Holdings's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Hing Lee (HK) Holdings's Cash-to-Debt falls into.

Hing Lee (HK) 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.

Hing Lee (HK) 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)
	=	33.51	/	(57.815	+	2.286)
	=	0.56

Hing Lee (HK) 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)
	=	38.929	/	(58.864	+	0)
	=	0.66

Hing Lee (HK) Holdings (HKSE:00396) 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.

Hing Lee (HK) Holdings Cash-to-Debt Related Terms

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

Hing Lee (HK) Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Hing Lee (HK) Holdings Ltd (HKSE:00396) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 On Yiu Street, Shatin, Unit 1101, 11th Floor, Delta House, New Territories, Hong Kong, HKG

Website

http://www.hingleehk.com.hk

Hing Lee (HK) Holdings Ltd is an investment holding company principally engaged in the furniture business. The Company is engaged in the design, manufacture, sale, and marketing of residential furniture products, mainly including wooden furniture, sofas, and mattresses. The Company is also engaged in the provision of layout design and decoration services, marketing services related to product display, and licensing of its own brand and product designs.

Executives

Sung Kai Hing	2101 Beneficial owner
Wong Wai King	2202 Interest of your spouse

Hing Lee (HK) Holdings Headlines

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