Pinestone Capital (HKSE:00804) Cash-to-Debt : 38.26 (As of Dec. 2023)

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What is Pinestone Capital 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. Pinestone Capital's cash to debt ratio for the quarter that ended in Dec. 2023 was 38.26.

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, Pinestone Capital 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 Pinestone Capital's Cash-to-Debt or its related term are showing as below:

HKSE:00804' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.95 Med: 18.78 Max: No Debt
Current: 38.26

During the past 10 years, Pinestone Capital's highest Cash to Debt Ratio was No Debt. The lowest was 0.95. And the median was 18.78.

HKSE:00804's Cash-to-Debt is ranked better than
76.73% of 795 companies
in the Capital Markets industry
Industry Median: 1.89 vs HKSE:00804: 38.26

Pinestone Capital Cash-to-Debt Historical Data

The historical data trend for Pinestone Capital'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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Pinestone Capital Cash-to-Debt Chart

Pinestone Capital Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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7.90

38.65

18.31

19.25

38.26

Pinestone Capital 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															18.31	33.16	19.25	36.39	38.26

Competitive Comparison of Pinestone Capital's Cash-to-Debt

For the Capital Markets subindustry, Pinestone Capital'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.

Pinestone Capital's Cash-to-Debt Distribution in the Capital Markets Industry

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

* The bar in red indicates where Pinestone Capital's Cash-to-Debt falls into.

Pinestone Capital Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents 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.

Pinestone Capital's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	23.799	/	(0	+	0.622)
	=	38.26

Pinestone Capital's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	23.799	/	(0	+	0.622)
	=	38.26

Pinestone Capital (HKSE:00804) 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.

Pinestone Capital Cash-to-Debt Related Terms

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

Pinestone Capital (HKSE:00804) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Pinestone Capital Ltd (HKSE:00804) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

26 Harbour Road, Room 1807, 18th Floor, China Resources Building, Wan Chai, Hong Kong, HKG

Website

http://www.pinestone.com.hk

Pinestone Capital Ltd is an investment holding company registered in the Cayman Islands. It is principally engaged in providing bespoke services including security brokerage, securities-backed lending for individual and corporate purpose and placing and underwriting businesses. The company offers money lending services through its subsidiary Pinestone Capital Group Limited. It operates is business activities in Hong Kong and all of the revenue of the company is generated from Hong Kong itself. The company's revenue comprises of interest income from securities backed lending services, income from placing and underwriting services and commission income from securities brokerage services.

Pinestone Capital (HKSE:00804) Headlines

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