Be Friends Holding (HKSE:01450) Cash-to-Debt : 1.02 (As of Jun. 2024)

View and export this data going back to 2014. Start your Free Trial

What is Be Friends Holding 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. Be Friends Holding's cash to debt ratio for the quarter that ended in Jun. 2024 was 1.02.

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, Be Friends Holding could pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

The historical rank and industry rank for Be Friends Holding's Cash-to-Debt or its related term are showing as below:

HKSE:01450' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05 Med: 0.33 Max: 1.33
Current: 0.46

During the past 12 years, Be Friends Holding's highest Cash to Debt Ratio was 1.33. The lowest was 0.05. And the median was 0.33.

HKSE:01450's Cash-to-Debt is ranked worse than
76.92% of 2803 companies
in the Software industry
Industry Median: 2.65 vs HKSE:01450: 0.46

Be Friends Holding Cash-to-Debt Historical Data

The historical data trend for Be Friends Holding'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.

* Premium members only.

Be Friends Holding Cash-to-Debt Chart

Be Friends Holding Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash-to-Debt

Get a 7-Day Free Trial

0.36

0.61

0.34

0.89

0.46

Be Friends Holding 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															0.34	0.49	0.89	1.02	0.46

Competitive Comparison of Be Friends Holding's Cash-to-Debt

For the Software - Application subindustry, Be Friends Holding'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.

Be Friends Holding's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, Be Friends Holding's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Be Friends Holding's Cash-to-Debt falls into.

Save Embed

;

Save Embed

;

Be Friends Holding 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.

Be Friends Holding'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)
	=	163.559	/	(138.927	+	45.872)
	=	0.89

Be Friends Holding'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)
	=	224.184	/	(153.881	+	66.079)
	=	1.02

Be Friends Holding (HKSE:01450) 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.

Be Friends Holding Cash-to-Debt Related Terms

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

Be Friends Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Be Friends Holding Ltd (HKSE:01450) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 601 Qiuyi Road Changhe Street, Building 5, (Zhejiang) Pilot Free Trade Zone, Binjiang District, Hangzhou, CHN, 310056

Website

https://www.befriends.com.cn

Be Friends Holding Ltd engaged in the provision of new media services; application solutions; sales of self-developed products; and system maintenance services, for the all-media industry in the People's Republic of China (the PRC). The Group has operations mainly in the PRC. The company's segments include New media services; and Television broadcasting business. It derives the majority of its revenue from the New media services segment.

Executives

Li Jun
Starlink Vibrant Holdings Ltd.
Lu Jiayao
Yoshiaki Holding Corp
Silver Eternity Technology Ltd.	2401 A concert party to an agreement to buy shares
Xiao Xin	2401 A concert party to an agreement to buy shares
Golden Ocean Holdings Corp.
Guo Jing
Hao Dong Trust
Hongshan Limited
Liao Dong
Orange Grove Global Limited
Timeness Vision Limited
Wu Yongming
Teng Rongsong

Be Friends Holding Headlines

No Headlines