Legend Holdings (HKSE:03396) Cash-to-Debt : 0.58 (As of Dec. 2023)

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What is Legend 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. Legend Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.58.

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

HKSE:03396' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.46 Med: 0.55 Max: 0.7
Current: 0.58

During the past 10 years, Legend Holdings's highest Cash to Debt Ratio was 0.70. The lowest was 0.46. And the median was 0.55.

HKSE:03396's Cash-to-Debt is ranked worse than
69.76% of 2374 companies
in the Hardware industry
Industry Median: 1.34 vs HKSE:03396: 0.58

Legend Holdings Cash-to-Debt Historical Data

The historical data trend for Legend 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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Legend Holdings Cash-to-Debt Chart

Legend Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.46

0.59

0.69

0.70

0.58

Legend Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.69	0.71	0.70	0.64	0.58

Competitive Comparison of Legend Holdings's Cash-to-Debt

For the Computer Hardware subindustry, Legend 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.

Legend Holdings's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Legend Holdings's Cash-to-Debt distribution charts can be found below:

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

Legend 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.

Legend 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)
	=	99630.597	/	(93892.085	+	78377.524)
	=	0.58

Legend 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)
	=	99630.597	/	(93892.085	+	78377.524)
	=	0.58

Legend Holdings (HKSE:03396) 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.

Legend Holdings Cash-to-Debt Related Terms

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

Legend Holdings (HKSE:03396) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Legend Holdings Ltd (HKSE:03396) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

1PC:Germany

Address

Room 1701, 17th Floor, Block 1, Court No. 2, Ke Xue Yuan Nanlu, Haidian District, Beinjing, CHN, 100190

Website

http://www.legendholdings.com.cn

Legend Holdings Ltd is a diversified industrial and investment group in China. The Company operates its business through two sectors: industrial operations and industrial incubations and investments. The Industrial operations segment includes Lenovo, which is mainly engaged in providing innovative intelligent devices and infrastructure, and creates intelligent solutions, services and software. Levima Group, which mainly engaged in the research and development, production and sales of advanced material products. The industrial incubations and investments includes Which is engaged in investment in the PE Funds and VC Funds as a limited partner and holds interest in the general partners of certain funds.

Executives

Bei Jing Lian Heng Yong Xin Tou Zi Zhong Xin You Xian He Huo	2101 Beneficial owner
Bei Jing Lian Heng Yong Kang Guan Li Zi Xun You Xian Gong Si	2201 Interest of corporation controlled by you
Liu Chuanzhi
Liu Chuanzhi	2101 Beneficial owner
Bei Jing Lian Chi Zhi Tong Guan Li Zi Xun You Xian Ze Ren Gong Si	2201 Interest of corporation controlled by you
Bei Jing Lian Chi Zhi Yuan Guan Li Zi Xun Zhong Xin You Xian He Huo	2101 Beneficial owner

Legend Holdings (HKSE:03396) Headlines

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