Million Hope Industries Holdings (HKSE:01897) Cash-to-Debt : 348.83 (As of Sep. 2023)

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What is Million Hope Industries 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. Million Hope Industries Holdings's cash to debt ratio for the quarter that ended in Sep. 2023 was 348.83.

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, Million Hope Industries 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 Million Hope Industries Holdings's Cash-to-Debt or its related term are showing as below:

HKSE:01897' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.37 Med: 789.05 Max: No Debt
Current: 348.83

During the past 8 years, Million Hope Industries Holdings's highest Cash to Debt Ratio was No Debt. The lowest was 0.37. And the median was 789.05.

HKSE:01897's Cash-to-Debt is ranked better than
95.71% of 1655 companies
in the Construction industry
Industry Median: 0.62 vs HKSE:01897: 348.83

Million Hope Industries Holdings Cash-to-Debt Historical Data

The historical data trend for Million Hope Industries 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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Million Hope Industries Holdings Cash-to-Debt Chart

Million Hope Industries Holdings Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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No Debt

1,701.09

713.05

865.63

220.98

Million Hope Industries Holdings Semi-Annual Data
	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial									769.22	865.63	647.21	220.98	348.83

Competitive Comparison of Million Hope Industries Holdings's Cash-to-Debt

For the Building Products & Equipment subindustry, Million Hope Industries 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.

Million Hope Industries Holdings's Cash-to-Debt Distribution in the Construction Industry

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

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

Million Hope Industries 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.

Million Hope Industries 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)
	=	77.564	/	(0.184	+	0.167)
	=	220.98

Million Hope Industries 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)
	=	110.58	/	(0.219	+	0.098)
	=	348.83

Million Hope Industries Holdings (HKSE:01897) 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.

Million Hope Industries Holdings Cash-to-Debt Related Terms

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

Million Hope Industries Holdings (HKSE:01897) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Million Hope Industries Holdings Ltd (HKSE:01897) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 On Kwan Street, Office A, 20th Floor, Kings Wing Plaza 1, Shek Mum, Shatin, New Territories, Hong Kong, HKG

Website

http://www.millionhope.com.hk

Million Hope Industries Holdings Ltd and its subsidiaries are engaged in designing, supplying and installation of facade and curtain wall systems, with a focus on curtain walls, aluminum windows and doors. The company provides design, supply and installation services for curtain walls, aluminium windows and doors on both new and existing buildings, and works with customers and architects to offer tailor-made designs and products to suit the project requirements. The principal customers are the main contractors and property developers. Geographically, the group has a business presence in Hong Kong, Mainland China and Others, of which prime revenue is generated from Hong Kong.

Executives

Ccm Trust (cayman) Limited
Webb David Michael	2201 Interest of corporation controlled by you
Mingly Corporation
Mingly Asia Capital Limited
Cha Mou Daid Johnson
Ccm Capital Corporation
Wong Lui Kwok Wai	2202 Interest of your spouse
Wong Sue Toa Stewart	2101 Beneficial owner
Cha Mou Sing Payson	2501 Other
Lbj Regents Limited	2501 Other

Million Hope Industries Holdings (HKSE:01897) Headlines

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