Okura Holdings (HKSE:01655) Cash-to-Debt : 0.37 (As of Dec. 2023)

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What is Okura 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. Okura Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.37.

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, Okura Holdings couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

HKSE:01655' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.16 Med: 0.34 Max: 0.68
Current: 0.37

During the past 10 years, Okura Holdings's highest Cash to Debt Ratio was 0.68. The lowest was 0.16. And the median was 0.34.

HKSE:01655's Cash-to-Debt is ranked worse than
56.33% of 822 companies
in the Travel & Leisure industry
Industry Median: 0.56 vs HKSE:01655: 0.37

Okura Holdings Cash-to-Debt Historical Data

The historical data trend for Okura 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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Okura Holdings Cash-to-Debt Chart

Okura Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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0.64

0.16

0.26

0.34

Okura Holdings Semi-Annual Data
	Jun14	Jun15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial													0.20	0.26	0.22	0.34	0.37

Competitive Comparison of Okura Holdings's Cash-to-Debt

For the Gambling subindustry, Okura 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.

Okura Holdings's Cash-to-Debt Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Okura Holdings's Cash-to-Debt distribution charts can be found below:

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

Okura 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.

Okura Holdings's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	191.007	/	(73.976	+	482.199)
	=	0.34

Okura Holdings's Cash to Debt Ratio for the quarter 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)
	=	173.899	/	(72.413	+	398.026)
	=	0.37

Okura Holdings (HKSE:01655) 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.

Okura Holdings Cash-to-Debt Related Terms

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

Okura Holdings (HKSE:01655) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Okura Holdings Ltd (HKSE:01655) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 Harcourt Road, 11th Floor, Admirality Centre Tower II, Admirality, Hong Kong, HKG

Website

http://www.okura-holdings.com

Okura Holdings Ltd is an investment holding company. The company's segment includes Pachinko and pachislot hall operation; Property rental and Other. It generates maximum revenue from the Pachinko and pachislot hall operation segment.

Executives

Yamamoto Katsuya	2307 Founder of a discretionary trust who can infl
Ami Culture Foundation	2201 Interest of corporation controlled by you
Corfiducia Anstalt	2301 Trustee
Ichikura Limited	2101 Beneficial owner
Sprecher Josef	2301 Trustee
Katsuya Yamamoto	2101 Beneficial owner

Okura Holdings (HKSE:01655) Headlines

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