Daohe Global Group (HKSE:00915) Cash-to-Debt : 3.53 (As of Dec. 2023)

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What is Daohe Global Group 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. Daohe Global Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 3.53.

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, Daohe Global Group 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 Daohe Global Group's Cash-to-Debt or its related term are showing as below:

HKSE:00915' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.83 Med: 3.99 Max: No Debt
Current: 3.53

During the past 13 years, Daohe Global Group's highest Cash to Debt Ratio was No Debt. The lowest was 1.83. And the median was 3.99.

HKSE:00915's Cash-to-Debt is ranked better than
81.46% of 1106 companies
in the Retail - Cyclical industry
Industry Median: 0.46 vs HKSE:00915: 3.53

Daohe Global Group Cash-to-Debt Historical Data

The historical data trend for Daohe Global Group'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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Daohe Global Group Cash-to-Debt Chart

Daohe Global Group Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

2.19

1.83

2.53

3.21

3.53

Daohe Global Group Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															2.53	2.29	3.21	2.87	3.53

Competitive Comparison of Daohe Global Group's Cash-to-Debt

For the Specialty Retail subindustry, Daohe Global Group'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.

Daohe Global Group's Cash-to-Debt Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Daohe Global Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Daohe Global Group's Cash-to-Debt falls into.

Daohe Global Group 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.

Daohe Global Group'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)
	=	157.289	/	(40.166	+	4.42)
	=	3.53

Daohe Global Group'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)
	=	157.289	/	(40.166	+	4.42)
	=	3.53

Daohe Global Group (HKSE:00915) 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.

Daohe Global Group Cash-to-Debt Related Terms

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

Daohe Global Group (HKSE:00915) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Daohe Global Group Ltd (HKSE:00915) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Sheung Yuet Road, 6th Floor, YHC Tower, Kowloon Bay, Hong Kong, HKG

Website

https://www.daoheglobal.com.hk

Daohe Global Group Ltd is an investment holding company. The company along with its subsidiaries engages in the sale of merchandise, hard goods, provision of procurement and value-added services operating in North America, Europe and other regions. Its business is organized into the segments of Trading and supply chain management services; and the Operation of the online social platform. Its primary business activity involves the design, purchase, and sale of garments, fashion accessories, bathroom products, glassware, toy and luggage. It earns prime revenue from China.

Executives

Zhou Xijian	2201 Interest of corporation controlled by you
Tsang Chun Ho Anthony	2101 Beneficial owner

Daohe Global Group (HKSE:00915) Headlines

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