Rykadan Capital (HKSE:02288) Cash-to-Debt : 0.39 (As of Sep. 2023)

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What is Rykadan Capital 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. Rykadan Capital's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.39.

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, Rykadan Capital couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

HKSE:02288' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.28 Med: 0.52 Max: 2.42
Current: 0.39

During the past 13 years, Rykadan Capital's highest Cash to Debt Ratio was 2.42. The lowest was 0.28. And the median was 0.52.

HKSE:02288's Cash-to-Debt is ranked better than
59.49% of 1792 companies
in the Real Estate industry
Industry Median: 0.255 vs HKSE:02288: 0.39

Rykadan Capital Cash-to-Debt Historical Data

The historical data trend for Rykadan Capital'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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Rykadan Capital Cash-to-Debt Chart

Rykadan Capital Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

Get a 7-Day Free Trial

1.05

0.63

1.53

0.33

0.54

Rykadan Capital Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															0.99	0.33	0.47	0.54	0.39

Competitive Comparison of Rykadan Capital's Cash-to-Debt

For the Real Estate - Development subindustry, Rykadan Capital'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.

Rykadan Capital's Cash-to-Debt Distribution in the Real Estate Industry

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

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

Rykadan Capital 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.

Rykadan Capital'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)
	=	167.485	/	(216.877	+	95.922)
	=	0.54

Rykadan Capital'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)
	=	127.919	/	(248.099	+	84.546)
	=	0.38

Rykadan Capital (HKSE:02288) 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.

Rykadan Capital Cash-to-Debt Related Terms

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

Rykadan Capital (HKSE:02288) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Rykadan Capital Ltd (HKSE:02288) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

135 Hoi Bun Road, Rooms 2701 and 2801, Rykadan Capital Tower, Kwun Tong, Kowloon, Hong Kong, HKG

Website

http://www.rykadan.com

Rykadan Capital Ltd is an investment holding company. Its businesses are Property development, Property investment, Asset investment and fund management, and Distribution of construction and interior decorative materials. The key revenue is derived from the Property development segment which comprises repositioning and value enhancement of property with a focus on development projects in prime locations in Hong Kong, the United Kingdom, and the United States. Geographically, it derives a majority of revenue from the United Kingdom.

Executives

Chan William	2201 Interest of corporation controlled by you
Rykadan Holdings Limited	2201 Interest of corporation controlled by you
Scenemay Holdings Limited	2101 Beneficial owner
Tiger Crown Limited	2401 A concert party to an agreement to buy shares
Li Wing Yin	2201 Interest of corporation controlled by you
Li Chu Kwan	2201 Interest of corporation controlled by you
Ng Tak Kwan

Rykadan Capital (HKSE:02288) Headlines

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