Tao Heung Holdings (HKSE:00573) Cash-to-Debt : 0.64 (As of Dec. 2023)

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What is Tao Heung 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. Tao Heung Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.64.

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, Tao Heung Holdings 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 Tao Heung Holdings's Cash-to-Debt or its related term are showing as below:

HKSE:00573' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.39 Med: 0.97 Max: 3.37
Current: 0.64

During the past 13 years, Tao Heung Holdings's highest Cash to Debt Ratio was 3.37. The lowest was 0.39. And the median was 0.97.

HKSE:00573's Cash-to-Debt is ranked better than
62.65% of 340 companies
in the Restaurants industry
Industry Median: 0.41 vs HKSE:00573: 0.64

Tao Heung Holdings Cash-to-Debt Historical Data

The historical data trend for Tao Heung 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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Tao Heung Holdings Cash-to-Debt Chart

Tao Heung Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.62

0.56

0.57

0.39

0.64

Tao Heung Holdings 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															0.57	0.48	0.39	0.52	0.64

Competitive Comparison of Tao Heung Holdings's Cash-to-Debt

For the Restaurants subindustry, Tao Heung 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.

Tao Heung Holdings's Cash-to-Debt Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Tao Heung Holdings's Cash-to-Debt distribution charts can be found below:

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

Tao Heung 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.

Tao Heung 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)
	=	345.146	/	(213.952	+	329.858)
	=	0.63

Tao Heung Holdings'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)
	=	345.146	/	(213.952	+	329.858)
	=	0.63

Tao Heung Holdings (HKSE:00573) 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.

Tao Heung Holdings Cash-to-Debt Related Terms

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Tao Heung Holdings (HKSE:00573) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Tao Heung Holdings Ltd (HKSE:00573) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

BVI:Germany

Address

Number 18 Dai Fat Street, Tai Po Industrial Estate, Tai Po, New Territories, Hong Kong, HKG

Website

https://www.taoheung.com.hk

Tao Heung Holdings Ltd is a Hong Kong-based company engaged in the provision of food catering services through a chain of restaurants. It is also engaged in chilled and packaged food, bakery operations, production, sale and distribution of food products and other items related to restaurant operations and provision of poultry farm operations. Group operates restaurants under Tao heung, Tao Square, and Tai Cheong Bakery brands. The company operates businesses in Hong Kong and Mainland China of which Hong Kong accounts for a larger share of the company revenue.

Executives

Chung Wai Ping	2101 Beneficial owner
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Wong Ka Wing
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Tao Heung Holdings (HKSE:00573) Headlines

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