Grandshores Technology Group (HKSE:01647) Cash-to-Debt : 95.11 (As of Sep. 2023)

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What is Grandshores Technology 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. Grandshores Technology Group's cash to debt ratio for the quarter that ended in Sep. 2023 was 95.11.

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, Grandshores Technology Group 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 Grandshores Technology Group's Cash-to-Debt or its related term are showing as below:

HKSE:01647' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.44 Med: 12.87 Max: 161.87
Current: 95.11

During the past 10 years, Grandshores Technology Group's highest Cash to Debt Ratio was 161.87. The lowest was 1.44. And the median was 12.87.

HKSE:01647's Cash-to-Debt is ranked better than
93.82% of 1682 companies
in the Construction industry
Industry Median: 0.625 vs HKSE:01647: 95.11

Grandshores Technology Group Cash-to-Debt Historical Data

The historical data trend for Grandshores Technology 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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Grandshores Technology Group Cash-to-Debt Chart

Grandshores Technology Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

Get a 7-Day Free Trial

7.89

8.52

57.60

161.87

80.11

Grandshores Technology Group 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														105.62	161.87	51.51	80.11	95.11

Competitive Comparison of Grandshores Technology Group's Cash-to-Debt

For the Engineering & Construction subindustry, Grandshores Technology 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.

Grandshores Technology Group's Cash-to-Debt Distribution in the Construction Industry

For the Construction industry and Industrials sector, Grandshores Technology Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Grandshores Technology Group's Cash-to-Debt falls into.

Grandshores Technology 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.

Grandshores Technology Group'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)
	=	240.174	/	(2.19	+	0.808)
	=	80.11

Grandshores Technology Group'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)
	=	179.09	/	(1.785	+	0.098)
	=	95.11

Grandshores Technology Group (HKSE:01647) 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.

Grandshores Technology Group Cash-to-Debt Related Terms

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Grandshores Technology Group (HKSE:01647) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Grandshores Technology Group Ltd (HKSE:01647) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Science Museum Road, Tsim Sha Tsui, Unit 1503, 15th Floor, Greenfield Tower, Concordia Plaza, Kowloon, Hong Kong, HKG

Website

http://www.grandshorestech.com

Grandshores Technology Group Ltd is an investment holding company. Along with its subsidiaries, the company provides integrated building services, with a focus on maintenance and/or installations of mechanical and electrical systems and including minor repairs and improvement works, and undertaking building and construction works in Singapore. The operating segments of the group are Integrated Building Services; Building Construction Works and Industrial Hemp, of which the major revenue source is from the Integrated Building Services segment. It has a business presence in Singapore and China.

Executives

Great Scenery Ventures Limited	2201 Interest of corporation controlled by you
Yao Yongjie	2101 Beneficial owner
Yao Zeqian	2101 Beneficial owner
Emperor Grand International Limited
Morgan Hill Holdings Limited
Zhu Guangping
Liu Zihao	2101 Beneficial owner
Lion Group Holding Ltd.	2101 Beneficial owner
Wang Jian	2101 Beneficial owner
Leung Shek Kong
Timeness Vision Limited	2201 Interest of corporation controlled by you

Grandshores Technology Group (HKSE:01647) Headlines

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