Green Economy Development (HKSE:01315) Cash-to-Debt : 0.57 (As of Sep. 2024)

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What is Green Economy Development 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 Economy Development's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.57.

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, Green Economy Development couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

The historical rank and industry rank for Green Economy Development's Cash-to-Debt or its related term are showing as below:

HKSE:01315' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.16 Med: 0.57 Max: 2.13
Current: 0.57

During the past 13 years, Green Economy Development's highest Cash to Debt Ratio was 2.13. The lowest was 0.16. And the median was 0.57.

HKSE:01315's Cash-to-Debt is ranked better than
58.23% of 395 companies
in the Building Materials industry
Industry Median: 0.41 vs HKSE:01315: 0.57

Green Economy Development Cash-to-Debt Historical Data

The historical data trend for Green Economy Development'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 Economy Development Cash-to-Debt Chart

Green Economy Development Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.16

0.60

0.59

0.32

0.41

Green Economy Development Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															0.49	0.32	0.37	0.41	0.57

Competitive Comparison of Green Economy Development's Cash-to-Debt

For the Building Materials subindustry, Green Economy Development'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 Economy Development's Cash-to-Debt Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Green Economy Development's Cash-to-Debt distribution charts can be found below:

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

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Green Economy Development 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 Economy Development's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	86.688	/	(104.804	+	105.411)
	=	0.41

Green Economy Development's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	119.33	/	(1.043	+	207.263)
	=	0.57

Green Economy Development (HKSE:01315) 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 Economy Development Cash-to-Debt Related Terms

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Green Economy Development Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Green Economy Development Ltd (HKSE:01315) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

60 Gloucester Road, Room 1001, 10th floor, China Huarong Tower, Wan Chai, Hong Kong, HKG

Website

http://www.greeneconomy.com.hk

Green Economy Development Ltd, formerly Vision Fame International Holding Ltd. is principally engaged in the provision of building construction services, property maintenance services, alterations, renovation, upgrading fitting-out works services, and trading of materials. It operates through five business segments: Building construction; Alterations, renovation, upgrading and fitting-out works segment; Property maintenance segment; trading of materials segment and Transportation service . It derives maximum revenue from trading of materials segment. The geographic area of operation includes PRC and Hong Kong.

Executives

Chau Chit	2201 Interest of corporation controlled by you
Zhu Feng	2501 Other
Ensure Prestige Limited	2101 Beneficial owner
Mega Start Limited	2101 Beneficial owner
Zhu Kai	2201 Interest of corporation controlled by you
Double Energy Limited	2201 Interest of corporation controlled by you
Million Creation Holdings Limited	2101 Beneficial owner
Mega Start Limited	2101 Beneficial owner
Zhongtai Securities Company Limited	2201 Interest of corporation controlled by you
Zhong Tai Jin Rong Guo Ji You Xian Gong Si	2201 Interest of corporation controlled by you
Zhong Tai Jin Rong Tou Zi You Xian Gong Si	2106 Person having a security interest in shares

Green Economy Development Headlines

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