Kingland Group Holdings (HKSE:01751) Cash-to-Debt : 0.44 (As of Jun. 2024)

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What is Kingland 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. Kingland Group Holdings's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.44.

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, Kingland Group Holdings couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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

HKSE:01751' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.77 Max: No Debt
Current: 0.5

During the past 11 years, Kingland Group Holdings's highest Cash to Debt Ratio was No Debt. The lowest was 0.03. And the median was 0.77.

HKSE:01751's Cash-to-Debt is ranked worse than
55.67% of 1721 companies
in the Construction industry
Industry Median: 0.66 vs HKSE:01751: 0.50

Kingland Group Holdings Cash-to-Debt Historical Data

The historical data trend for Kingland 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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Kingland Group Holdings Cash-to-Debt Chart

Kingland Group Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash-to-Debt

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0.48

0.03

0.15

0.58

0.50

Kingland Group Holdings Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Cash-to-Debt	Get a 7-Day Free Trial															0.15	0.57	0.58	0.44	0.50

Competitive Comparison of Kingland Group Holdings's Cash-to-Debt

For the Engineering & Construction subindustry, Kingland 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.

Kingland Group Holdings's Cash-to-Debt Distribution in the Construction Industry

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

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

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Kingland 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.

Kingland 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)
	=	11.882	/	(16.633	+	3.845)
	=	0.58

Kingland 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)
	=	8.36	/	(16.055	+	3.103)
	=	0.44

Kingland Group Holdings (HKSE:01751) 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.

Kingland Group Holdings Cash-to-Debt Related Terms

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

Kingland Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Kingland Group Holdings Ltd (HKSE:01751) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

209 and 211 Wai Yip Street, Flat B, Ground Floor, Fu Hop Factory Building, Kwun Tong, Hong Kong, HKG

Website

http://www.kinglandgroup.com.hk/en/index.php

Kingland Group Holdings Ltd mainly provides concrete demolition services in Hong Kong and Macau as subcontractors. Its services are mainly required in removing pieces or sections of concrete from concrete structures and demolishing the entire concrete structures or buildings by applying a variety of methods, such as core drilling, sawing, and crushing. Its services are required in many different situations including, among others, addition and alteration works and redevelopment projects in buildings, roads, tunnels, and underground facilities. Its customers are main contractors in various types of construction and civil engineering projects in Hong Kong and construction projects in Macau.

Executives

Kwok Shun Tim
Applewood Developments Limited	2101 Beneficial owner
Sino Continent Holdings Limited	2101 Beneficial owner
Supreme Voyage Limited	2101 Beneficial owner
Yip Nga Wan	2202 Interest of your spouse
Chan Yuk Sing	2201 Interest of corporation controlled by you
Cheung Shek On	2201 Interest of corporation controlled by you
Cho Bik Nung	2202 Interest of your spouse
Luk Pui Kei Peggy	2202 Interest of your spouse
China New Economy Fund Limited	2101 Beneficial owner

Kingland Group Holdings Headlines

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