REM Group (Holdings) (HKSE:01750) Cash-to-Debt : 10.76 (As of Jun. 2024)

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What is REM Group (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. REM Group (Holdings)'s cash to debt ratio for the quarter that ended in Jun. 2024 was 10.76.

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, REM Group (Holdings) 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 REM Group (Holdings)'s Cash-to-Debt or its related term are showing as below:

HKSE:01750' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.44 Med: 9.85 Max: 367.42
Current: 10.76

During the past 9 years, REM Group (Holdings)'s highest Cash to Debt Ratio was 367.42. The lowest was 1.44. And the median was 9.85.

HKSE:01750's Cash-to-Debt is ranked better than
78.32% of 2993 companies
in the Industrial Products industry
Industry Median: 1.18 vs HKSE:01750: 10.76

REM Group (Holdings) Cash-to-Debt Historical Data

The historical data trend for REM Group (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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REM Group (Holdings) Cash-to-Debt Chart

REM Group (Holdings) Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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42.49

52.68

8.29

4.01

9.51

REM Group (Holdings) Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial												4.06	4.01	6.39	9.51	10.76

Competitive Comparison of REM Group (Holdings)'s Cash-to-Debt

For the Electrical Equipment & Parts subindustry, REM Group (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.

REM Group (Holdings)'s Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, REM Group (Holdings)'s Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where REM Group (Holdings)'s Cash-to-Debt falls into.

REM Group (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.

REM Group (Holdings)'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)
	=	53	/	(3.886	+	1.69)
	=	9.51

REM Group (Holdings)'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)
	=	55.838	/	(3.7	+	1.491)
	=	10.76

REM Group (Holdings) (HKSE:01750) 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.

REM Group (Holdings) Cash-to-Debt Related Terms

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

REM Group (Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » REM Group (Holdings) Ltd (HKSE:01750) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

No. 70 Wing Tai Road, Unit 5, 4th Floor, Chai Wan Industrial City Phase II, Hong Kong, HKG

Website

http://www.rem-group.com.hk

REM Group (Holdings) Ltd is a manufacturer and supplier of low-voltage electrical power distribution and control devices., including low-voltage switchboard, local motor control panel, motor control center, electrical distribution board, control box, and electrical parts and replacements and by location of delivery to customers in Hong Kong and PRC. Geographically, it derives the majority of revenue in PRC.

Executives

Huang Xiao Ying	2202 Interest of your spouse
Unique Best Limited	2101 Beneficial owner
Wan Union Limited	2201 Interest of corporation controlled by you
Wans Limited	2201 Interest of corporation controlled by you
Lam Yin	2202 Interest of your spouse
Leung Ka Wai	2201 Interest of corporation controlled by you
Que Emi	2202 Interest of your spouse
Wan Man Keung	2201 Interest of corporation controlled by you
Wun Chi Wai	2201 Interest of corporation controlled by you
Wan Chak Ming	2101 Beneficial owner
Wan Po Kwan	2101 Beneficial owner

REM Group (Holdings) Headlines

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