JY Grandmark Holdings (HKSE:02231) Cash-to-Debt : 0.04 (As of Dec. 2023)

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What is JY Grandmark 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. JY Grandmark Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.04.

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, JY Grandmark 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 JY Grandmark Holdings's Cash-to-Debt or its related term are showing as below:

HKSE:02231' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.28 Max: 0.64
Current: 0.04

During the past 8 years, JY Grandmark Holdings's highest Cash to Debt Ratio was 0.64. The lowest was 0.04. And the median was 0.28.

HKSE:02231's Cash-to-Debt is ranked worse than
83.64% of 1797 companies
in the Real Estate industry
Industry Median: 0.25 vs HKSE:02231: 0.04

JY Grandmark Holdings Cash-to-Debt Historical Data

The historical data trend for JY Grandmark 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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JY Grandmark Holdings Cash-to-Debt Chart

JY Grandmark Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.28

0.64

0.23

0.05

0.04

JY Grandmark Holdings Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial									0.23	0.11	0.05	0.05	0.04

Competitive Comparison of JY Grandmark Holdings's Cash-to-Debt

For the Real Estate - Development subindustry, JY Grandmark 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.

JY Grandmark Holdings's Cash-to-Debt Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, JY Grandmark Holdings's Cash-to-Debt distribution charts can be found below:

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

JY Grandmark 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.

JY Grandmark 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)
	=	136.729	/	(3475.893	+	104.03)
	=	0.04

JY Grandmark 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)
	=	136.729	/	(3475.893	+	104.03)
	=	0.04

JY Grandmark Holdings (HKSE:02231) 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.

JY Grandmark Holdings Cash-to-Debt Related Terms

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JY Grandmark Holdings (HKSE:02231) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » JY Grandmark Holdings Ltd (HKSE:02231) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

No. 106, Fengze East Road, JY Grandmark Building, Nansha District, Guangdong Province, Guangzhou, CHN

Website

http://www.jygrandmark.com

JY Grandmark Holdings Ltd is a provider of property developers, operators, and property management services. The company offers residential properties to its customers in Guangdong and Hainan provinces of China. It has landed in Guangdong, Hainan, Yunnan, and Hunan provinces for further development. The Group is organized into four business segments: Property development and sales, Commercial property investment, Hotel operations, and Property management. The Property development and sales segment act as a key revenue driver for the firm.

Executives

Iq Eq (bvi) Limited	2301 Trustee
Sze Ming Limited	2101 Beneficial owner
Chan Sze Ming Michael	2307 Founder of a discretionary trust who can infl
Shum Wing Yin	2202 Interest of your spouse

JY Grandmark Holdings (HKSE:02231) Headlines

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