Homeland Interactive Technology (HKSE:03798) Cash-to-Debt : 68.91 (As of Jun. 2024)

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What is Homeland Interactive Technology 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. Homeland Interactive Technology's cash to debt ratio for the quarter that ended in Jun. 2024 was 68.91.

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, Homeland Interactive Technology could pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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

HKSE:03798' s Cash-to-Debt Range Over the Past 10 Years
Min: 30.71 Med: 69.11 Max: No Debt
Current: 68.91

During the past 8 years, Homeland Interactive Technology's highest Cash to Debt Ratio was No Debt. The lowest was 30.71. And the median was 69.11.

HKSE:03798's Cash-to-Debt is ranked better than
74.74% of 578 companies
in the Interactive Media industry
Industry Median: 5.235 vs HKSE:03798: 68.91

Homeland Interactive Technology Cash-to-Debt Historical Data

The historical data trend for Homeland Interactive Technology'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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Homeland Interactive Technology Cash-to-Debt Chart

Homeland Interactive Technology Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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34.88

69.32

36.64

68.78

69.31

Homeland Interactive Technology Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial										52.43	68.78	102.25	69.31	68.91

Competitive Comparison of Homeland Interactive Technology's Cash-to-Debt

For the Electronic Gaming & Multimedia subindustry, Homeland Interactive Technology'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.

Homeland Interactive Technology's Cash-to-Debt Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Homeland Interactive Technology's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Homeland Interactive Technology's Cash-to-Debt falls into.

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Homeland Interactive Technology 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.

Homeland Interactive Technology'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)
	=	1573.222	/	(9.135	+	13.565)
	=	69.30

Homeland Interactive Technology'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)
	=	1518.952	/	(8.41	+	13.632)
	=	68.91

Homeland Interactive Technology (HKSE:03798) 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.

Homeland Interactive Technology Cash-to-Debt Related Terms

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

Homeland Interactive Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Homeland Interactive Technology Ltd (HKSE:03798) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

77 Tainan Road, 7A, 22nd Floor, Huijin Building, Siming District, Xiamen, CHN

Website

https://www.jiaxianghudong.com

Homeland Interactive Technology Ltd is a developer and operator of localized card and board games developer and operator in the PRC with a special focus on localized Mahjong and poker games. It derives revenue from game development and operation income from sales of virtual tokens and private game room cards. Its operating activities are attributable to a single operating segment focusing on the development and operation of mobile games in the People's Republic of China.

Executives

Futu Trustee Limited	2301 Trustee
One One Eleven Limited	2201 Interest of corporation controlled by you
Moomoo Trustee (singapore) Pte. Ltd.	2301 Trustee
Men Geng Network Limited	2101 Beneficial owner
Men Geng	2307 Founder of a discretionary trust who can infl
Trident Trust Company (cayman) Limited	2301 Trustee
Lumiere Vision Holdings Limited	2201 Interest of corporation controlled by you
Wu Chengze Network Limited	2101 Beneficial owner
Wu Chengze	2201 Interest of corporation controlled by you
Evergreen Homeland Holdings Limited	2101 Beneficial owner
Jiang Ming Kuan Network Limited	2101 Beneficial owner
Jiang Mingkuan
Su Bo Network Limited	2101 Beneficial owner
Su Bo	2201 Interest of corporation controlled by you
Zhang Na	2101 Beneficial owner

Homeland Interactive Technology Headlines

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