Wai Chi Holdings Co (HKSE:01305) Cash-to-Debt : 0.64 (As of Jun. 2024)

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What is Wai Chi Holdings Co 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 Chi Holdings Co's cash to debt ratio for the quarter that ended in Jun. 2024 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, Wai Chi Holdings Co couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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

HKSE:01305' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.56 Max: 1.28
Current: 0.85

During the past 12 years, Wai Chi Holdings Co's highest Cash to Debt Ratio was 1.28. The lowest was 0.06. And the median was 0.56.

HKSE:01305's Cash-to-Debt is ranked worse than
60.68% of 2449 companies
in the Hardware industry
Industry Median: 1.43 vs HKSE:01305: 0.85

Wai Chi Holdings Co Cash-to-Debt Historical Data

The historical data trend for Wai Chi Holdings Co'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 Chi Holdings Co Cash-to-Debt Chart

Wai Chi Holdings Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash-to-Debt

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0.27

0.33

0.56

1.28

0.85

Wai Chi Holdings Co Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Cash-to-Debt	Get a 7-Day Free Trial															0.56	0.34	1.28	0.64	0.85

Competitive Comparison of Wai Chi Holdings Co's Cash-to-Debt

For the Electronic Components subindustry, Wai Chi Holdings Co'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 Chi Holdings Co's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Wai Chi Holdings Co's Cash-to-Debt distribution charts can be found below:

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

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Wai Chi Holdings Co 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 Chi Holdings Co'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)
	=	357.208	/	(275.565	+	3.175)
	=	1.28

Wai Chi Holdings Co's Cash to Debt Ratio for the quarter that ended in Jun. 2024 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)
	=	274.787	/	(369.43	+	61.188)
	=	0.64

Wai Chi Holdings Co (HKSE:01305) 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 Chi Holdings Co Cash-to-Debt Related Terms

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

Wai Chi Holdings Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Wai Chi Holdings Co Ltd (HKSE:01305) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

63 King Yip Street, 6th Floor, Liven House, Kwun Tong, Kowloon, Hong Kong, HKG

Website

http://www.waichiholdings.com

Wai Chi Holdings Co Ltd engages in the manufacturing of light-emitting diode (LED) products for public and commercial use. It operates through the following segments: LED Backlight, LED Lighting, and Semiconductor memory chips. The LED backlight segment engages in the manufacturing and trading of LED backlight products in different sizes and applications. The LED lighting segment engages in the manufacturing and trading of LED lighting products for public and commercial use. The Semiconductor memory chips segment engages Provision of packaging and testing services and related product sourcing business. Geographically the company receives maximum revenue from the People's Republic of China.

Executives

Luk Fong	2201 Interest of corporation controlled by you
Chu Yuet Wah
Ample Cheer Limited	2201 Interest of corporation controlled by you
Kingston Finance Limited	2106 Person having a security interest in shares
Yiu Chi To	2201 Interest of corporation controlled by you
Rui Shi Ke Ji You Xian Gong Si	2101 Beneficial owner

Wai Chi Holdings Co Headlines

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