Yip's Chemical Holdings (HKSE:00408) Cash-to-Debt : 0.48 (As of Dec. 2024)

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What is Yip's Chemical 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. Yip's Chemical Holdings's cash to debt ratio for the quarter that ended in Dec. 2024 was 0.48.

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, Yip's Chemical Holdings couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2024.

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

HKSE:00408' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.33 Med: 0.48 Max: 0.59
Current: 0.48

During the past 13 years, Yip's Chemical Holdings's highest Cash to Debt Ratio was 0.59. The lowest was 0.33. And the median was 0.48.

HKSE:00408's Cash-to-Debt is ranked worse than
57.39% of 1549 companies
in the Chemicals industry
Industry Median: 0.71 vs HKSE:00408: 0.48

Yip's Chemical Holdings Cash-to-Debt Historical Data

The historical data trend for Yip's Chemical 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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Yip's Chemical Holdings Cash-to-Debt Chart

Yip's Chemical Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash-to-Debt

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0.33

0.34

0.48

0.59

0.48

Yip's Chemical Holdings Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Cash-to-Debt	Get a 7-Day Free Trial															0.48	0.97	0.59	0.41	0.48

Competitive Comparison of Yip's Chemical Holdings's Cash-to-Debt

For the Specialty Chemicals subindustry, Yip's Chemical 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.

Yip's Chemical Holdings's Cash-to-Debt Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Yip's Chemical Holdings's Cash-to-Debt distribution charts can be found below:

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

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Yip's Chemical 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.

Yip's Chemical Holdings's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	594.377	/	(936.767	+	303.864)
	=	0.48

Yip's Chemical Holdings's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	594.377	/	(936.767	+	303.864)
	=	0.48

Yip's Chemical Holdings (HKSE:00408) 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.

Yip's Chemical Holdings Cash-to-Debt Related Terms

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

Yip's Chemical Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Yip's Chemical Holdings Ltd (HKSE:00408) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

YIPCF:USA

Address

Nos. 77-79 Gloucester Road, 27th Floor, Fortis Tower, Wanchai, Hong Kong, HKG

Website

https://www.yipschemical.com

Yip's Chemical Holdings Ltd produces petrochemical products. It has four segments, coatings, inks, lubricants, and properties. The Coatings, Inks, and Lubricants segments are in the manufacturing and trading of coatings, inks, and lubricants-related products. The Properties segment includes property investment and holding of the Group's properties not used for production plants, central administration office, and not used for other operating segments, including but not limited to properties for rental.

Executives

Fmr Llc	2201 Interest of corporation controlled by you
Yip Tsz Hin	2202 Interest of your spouse
Ip Chi Shing	2101 Beneficial owner
Ip Fung Kuen	2101 Beneficial owner
Fidelity Puritan Trust	2101 Beneficial owner

Yip's Chemical Holdings Headlines

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