Minshang Creative Technology Holdings (HKSE:01632) Cash-to-Debt : 14.31 (As of Sep. 2023)

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What is Minshang Creative Technology Holdings 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. Minshang Creative Technology Holdings's cash to debt ratio for the quarter that ended in Sep. 2023 was 14.31.

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, Minshang Creative Technology Holdings could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

The historical rank and industry rank for Minshang Creative Technology Holdings's Cash-to-Debt or its related term are showing as below:

HKSE:01632' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.63 Med: 9.32 Max: No Debt
Current: 14.31

During the past 10 years, Minshang Creative Technology Holdings's highest Cash to Debt Ratio was No Debt. The lowest was 0.63. And the median was 9.32.

HKSE:01632's Cash-to-Debt is ranked better than
80.98% of 2471 companies
in the Hardware industry
Industry Median: 1.38 vs HKSE:01632: 14.31

Minshang Creative Technology Holdings Cash-to-Debt Historical Data

The historical data trend for Minshang Creative Technology Holdings'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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Minshang Creative Technology Holdings Cash-to-Debt Chart

Minshang Creative Technology Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

0.63

1.68

1.64

1.13

Minshang Creative Technology Holdings Semi-Annual Data
	Mar14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial														1.47	1.64	2.92	1.13	14.31

Competitive Comparison of Minshang Creative Technology Holdings's Cash-to-Debt

For the Electronics & Computer Distribution subindustry, Minshang Creative Technology Holdings'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.

Minshang Creative Technology Holdings's Cash-to-Debt Distribution in the Hardware Industry

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

* The bar in red indicates where Minshang Creative Technology Holdings's Cash-to-Debt falls into.

Minshang Creative Technology Holdings 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.

Minshang Creative Technology Holdings's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	9.736	/	(6.101	+	2.503)
	=	1.13

Minshang Creative Technology Holdings's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	15.658	/	(1.094	+	0)
	=	14.31

Minshang Creative Technology Holdings (HKSE:01632) 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.

Minshang Creative Technology Holdings Cash-to-Debt Related Terms

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Minshang Creative Technology Holdings (HKSE:01632) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Minshang Creative Technology Holdings Ltd (HKSE:01632) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

89 Queensway, Unit 4203, 42nd Floor, Tower One Lippo Centre, Admiralty, Hong Kong, HKG

Website

http://www.minshangct.com

Minshang Creative Technology Holdings Ltd is an investment holding company. The company's operating segment includes the Vietnamese-style restaurant business in Hong Kong, Trading business in the PRC, and IT solution business. It generates maximum revenue from the Trading business segment. The Trading business segment focuses on offering 3C electronic products, frozen foods, and grain and oil products. Geographically, it derives a majority of revenue from China.

Minshang Creative Technology Holdings (HKSE:01632) Headlines

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