Green Energy Group (HKSE:00979) Cash-to-Debt : 5.62 (As of Dec. 2023)

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What is Green Energy 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. Green Energy Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 5.62.

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

HKSE:00979's Cash-to-Debt is not ranked ^*
in the Waste Management industry.
Industry Median: 0.39
* Ranked among companies with meaningful Cash-to-Debt only.

Green Energy Group Cash-to-Debt Historical Data

The historical data trend for Green Energy 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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Green Energy Group Cash-to-Debt Chart

Green Energy Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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No Debt

79.43

44.45

9.37

2.59

Green Energy Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															18.03	9.37	14.58	2.59	5.62

Competitive Comparison of Green Energy Group's Cash-to-Debt

For the Waste Management subindustry, Green Energy 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.

Green Energy Group's Cash-to-Debt Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Green Energy Group's Cash-to-Debt distribution charts can be found below:

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

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Green Energy 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.

Green Energy Group's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	14.849	/	(1.939	+	3.787)
	=	2.59

Green Energy 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)
	=	26.821	/	(1.876	+	2.894)
	=	5.62

Green Energy Group (HKSE:00979) 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.

Green Energy Group Cash-to-Debt Related Terms

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Green Energy Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Green Energy Group Ltd (HKSE:00979) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

99 Queen’s Road Central, Room 7712, 77th Floor, The Center, Hong Kong, HKG

Website

https://www.greenenergy.hk

Green Energy Group Ltd is an investment holding company. Along with its subsidiaries, the company operates in the following reportable segments; Waste construction materials and processing services; Renewable energy; Plastic recycling/ metal scrap, and Money lending. It generates maximum revenue from the Renewable energy segment. The Renewable energy segment includes the trading and processing of recyclable oil/biodiesel. Geographically, it derives a majority of its revenue from Europe, and the rest from Hong Kong, Malaysia, Singapore, and the People's Republic of China.

Executives

New Glory Business Corporation	2101 Beneficial owner
Rich Bay Global Limited	2101 Beneficial owner
Superactive Asset Management Limited	2201 Interest of corporation controlled by you
Lee Chi Shing Caesar	2201 Interest of corporation controlled by you
Yeung So Lai	2201 Interest of corporation controlled by you

Green Energy Group Headlines

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