Wai Kee Holdings (HKSE:00610) Cash-to-Debt : 1.32 (As of Dec. 2023)

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What is Wai Kee 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. Wai Kee Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.32.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Wai Kee Holdings could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

HKSE:00610' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.02 Med: 1.6 Max: 1.99
Current: 1.32

During the past 13 years, Wai Kee Holdings's highest Cash to Debt Ratio was 1.99. The lowest was 1.02. And the median was 1.60.

HKSE:00610's Cash-to-Debt is ranked better than
64.31% of 1681 companies
in the Construction industry
Industry Median: 0.63 vs HKSE:00610: 1.32

Wai Kee Holdings Cash-to-Debt Historical Data

The historical data trend for Wai Kee 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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Wai Kee Holdings Cash-to-Debt Chart

Wai Kee Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

1.79

1.99

1.31

1.73

1.32

Wai Kee 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															1.31	1.50	1.73	1.44	1.32

Competitive Comparison of Wai Kee Holdings's Cash-to-Debt

For the Engineering & Construction subindustry, Wai Kee 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.

Wai Kee Holdings's Cash-to-Debt Distribution in the Construction Industry

For the Construction industry and Industrials sector, Wai Kee Holdings's Cash-to-Debt distribution charts can be found below:

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

Wai Kee 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.

Wai Kee 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)
	=	2088.383	/	(440.844	+	1144.571)
	=	1.32

Wai Kee 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)
	=	2088.383	/	(440.844	+	1144.571)
	=	1.32

Wai Kee Holdings (HKSE:00610) 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.

Wai Kee Holdings Cash-to-Debt Related Terms

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

Wai Kee Holdings (HKSE:00610) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Wai Kee Holdings Ltd (HKSE:00610) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

98 Granville Road, Unit 1103, 11th Floor, East Ocean Centre, Tsimshatsui, Kowloon, HKG

Website

http://www.waikee.com

Wai Kee Holdings Ltd is engaged in construction and material businesses. It operates through four business segments. The Construction, sewage treatment and steam fuel segment, which is the key revenue generating segment, is engaged in the construction of civil engineering and building projects and operation of sewage treatment plant and steam fuel plant. Construction Materials segment is engaged in the production and sales of concrete and asphalt. Quarrying segment is engaged in the production and sales of quarry products. Property development and investment, toll road, investment and asset management segment is engaged in the strategic investment in Road King, an associate of the Group. Its prime geographical areas of operation includes Hong Kong and China.

Executives

Zen Wei Pao, William	2101 Beneficial owner
Zen Wei Peu	2402 A person making a loan or providing security
Cheng Yu Tung Family (holdings Ii) Limited	2201 Interest of corporation controlled by you
Cheng Yu Tung Family (holdings) Limited	2201 Interest of corporation controlled by you
Chow Tai Fook (holding) Limited	2201 Interest of corporation controlled by you
Chow Tai Fook Capital Limited	2201 Interest of corporation controlled by you
Chow Tai Fook Enterprises Limited	2201 Interest of corporation controlled by you
Century Acquisition Limited	2201 Interest of corporation controlled by you
Nws Holdings Limited	2201 Interest of corporation controlled by you
New World Development Company Limited	2201 Interest of corporation controlled by you

Wai Kee Holdings (HKSE:00610) Headlines

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