Red Star Macalline Group (HKSE:01528) Cash-to-Debt : 0.20 (As of Mar. 2024)

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What is Red Star Macalline 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. Red Star Macalline Group's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.20.

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, Red Star Macalline Group couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Red Star Macalline Group's Cash-to-Debt or its related term are showing as below:

HKSE:01528' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.08 Med: 0.2 Max: 0.5
Current: 0.2

During the past 10 years, Red Star Macalline Group's highest Cash to Debt Ratio was 0.50. The lowest was 0.08. And the median was 0.20.

HKSE:01528's Cash-to-Debt is ranked worse than
55.99% of 1786 companies
in the Real Estate industry
Industry Median: 0.26 vs HKSE:01528: 0.20

Red Star Macalline Group Cash-to-Debt Historical Data

The historical data trend for Red Star Macalline 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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Red Star Macalline Group Cash-to-Debt Chart

Red Star Macalline Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.17

0.12

0.16

0.09

0.08

Red Star Macalline Group Quarterly Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															N/A	0.08	0.16	0.08	0.20

Competitive Comparison of Red Star Macalline Group's Cash-to-Debt

For the Real Estate Services subindustry, Red Star Macalline 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.

Red Star Macalline Group's Cash-to-Debt Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Red Star Macalline Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Red Star Macalline Group's Cash-to-Debt falls into.

Red Star Macalline 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.

Red Star Macalline 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)
	=	3390.847	/	(15237.51	+	26572.86)
	=	0.08

Red Star Macalline Group's Cash to Debt Ratio for the quarter 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)
	=	5175.122	/	(2134.889	+	23595.009)
	=	0.20

Red Star Macalline Group (HKSE:01528) 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.

Red Star Macalline Group Cash-to-Debt Related Terms

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Red Star Macalline Group (HKSE:01528) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Red Star Macalline Group Corp Ltd (HKSE:01528) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

601828:China

Address

No. 2/5, Lane 1466, Shenchang Road, Minhang District, Shanghai, CHN

Website

https://www.chinaredstar.com

Red Star Macalline Group Corp Ltd operates home improvement and furnishings shopping malls in China. It has various segments.Owned/Leased Portfolio Shopping Malls segment, which is the key revenue driver, leases floor areas to the tenants and provides management support to them. Managed Shopping Malls segment provides initiation, consultation, and management services to its partners and construction contractors to develop and manage the shopping malls under its own brand. The Construction and design segment provides building installation and decorating services in shopping malls. Sales of merchandise and related services segment include retail sales of home furnishing merchandise and providing related decorating services. All of its revenues are derived from the PRC.

Executives

Taobao China Holding Limited	2101 Beneficial owner
Taobao Holding Limited	2201 Interest of corporation controlled by you
Alibaba Investment Limited	2201 Interest of corporation controlled by you
New Retail Strategic Opportunities Fund Gp, L.p.	2201 Interest of corporation controlled by you
New Retail Strategic Opportunities Fund, L.p.	2201 Interest of corporation controlled by you
New Retail Strategic Opportunities Gp Limited	2201 Interest of corporation controlled by you
New Retail Strategic Opportunities Investments 4 Limited	2101 Beneficial owner
Alibaba Group Holding Limited	2201 Interest of corporation controlled by you
Wong Man Li	2201 Interest of corporation controlled by you
Hui Wai Hing	2202 Interest of your spouse
Man Wah Investments Limited	2101 Beneficial owner
Ubs Trustees (b.v.i.) Limited	2301 Trustee
Xi Xi Development Limited	2201 Interest of corporation controlled by you
New Fortune Star Limited	2201 Interest of corporation controlled by you
Wong Luen Hei	2307 Founder of a discretionary trust who can infl

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