Town Health International Medical Group (HKSE:03886) Cash-to-Debt : 3.65 (As of Jun. 2024)

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What is Town Health International Medical Group 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. Town Health International Medical Group's cash to debt ratio for the quarter that ended in Jun. 2024 was 3.65.

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, Town Health International Medical Group 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 Town Health International Medical Group's Cash-to-Debt or its related term are showing as below:

HKSE:03886' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.47 Med: 16.29 Max: 92.14
Current: 4.25

During the past 13 years, Town Health International Medical Group's highest Cash to Debt Ratio was 92.14. The lowest was 2.47. And the median was 16.29.

HKSE:03886's Cash-to-Debt is ranked better than
73.58% of 670 companies
in the Healthcare Providers & Services industry
Industry Median: 0.755 vs HKSE:03886: 4.25

Town Health International Medical Group Cash-to-Debt Historical Data

The historical data trend for Town Health International Medical Group'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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Town Health International Medical Group Cash-to-Debt Chart

Town Health International Medical Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash-to-Debt

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13.04

16.06

2.52

2.62

4.25

Town Health International Medical Group Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Cash-to-Debt	Get a 7-Day Free Trial															2.52	2.47	2.62	3.65	4.25

Competitive Comparison of Town Health International Medical Group's Cash-to-Debt

For the Medical Care Facilities subindustry, Town Health International Medical Group'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.

Town Health International Medical Group's Cash-to-Debt Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Town Health International Medical Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Town Health International Medical Group's Cash-to-Debt falls into.

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Town Health International Medical Group 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.

Town Health International Medical Group'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)
	=	1197.61	/	(207.512	+	249.43)
	=	2.62

Town Health International Medical Group'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)
	=	1115.216	/	(77.32	+	228.49)
	=	3.65

Town Health International Medical Group (HKSE:03886) 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.

Town Health International Medical Group Cash-to-Debt Related Terms

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

Town Health International Medical Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Town Health International Medical Group Ltd (HKSE:03886) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

10-12 Yuen Shun Circuit, 6th Floor, Town Health Technology Centre, Siu Lek Yuen, New Territories, Shatin, Hong Kong, HKG

Website

https://www.townhealth.com

Town Health International Medical Group Ltd is a Chinese healthcare services company. The company operates in the following business segments: Hong Kong medical services, which provides medical and dental services in Hong Kong; Hong Kong managed medical network business manages healthcare networks and provision of third-party medical networks; Mainland hospital management and medical services, which provides medical and dental services in the PRC; and Others, provides miscellaneous healthcare-related services and leasing of properties. Its geographic segments are Hong Kong and the PRC. It generates the majority of its revenue from the PRC.

Executives

Choi Chee Ming	2201 Interest of corporation controlled by you
Choi Karson Ka Tsan	2101 Beneficial owner
Classictime Investments Limited	2101 Beneficial owner
Minerva Group Holding Limited	2201 Interest of corporation controlled by you
China Life Insurance (group) Company	2101 Beneficial owner
Power Financial Group Limited	2201 Interest of corporation controlled by you
Cho Kwai Chee	2201 Interest of corporation controlled by you

Town Health International Medical Group Headlines

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