Unitas Holdings (HKSE:08020) Cash-to-Debt : 15.76 (As of Sep. 2023)

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What is Unitas 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. Unitas Holdings's cash to debt ratio for the quarter that ended in Sep. 2023 was 15.76.

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, Unitas Holdings could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

HKSE:08020' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.07 Med: 2.31 Max: 17.29
Current: 17.29

During the past 13 years, Unitas Holdings's highest Cash to Debt Ratio was 17.29. The lowest was 0.07. And the median was 2.31.

HKSE:08020's Cash-to-Debt is ranked better than
91.9% of 975 companies
in the Transportation industry
Industry Median: 0.48 vs HKSE:08020: 17.29

Unitas Holdings Cash-to-Debt Historical Data

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

Unitas Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.07

5.26

7.76

13.64

17.29

Unitas Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															N/A	13.64	N/A	15.76	17.29

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

For the Marine Shipping subindustry, Unitas 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.

Unitas Holdings's Cash-to-Debt Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Unitas Holdings's Cash-to-Debt distribution charts can be found below:

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

Unitas 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.

Unitas Holdings's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	25.211	/	(1.458	+	0)
	=	17.29

Unitas Holdings'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)
	=	27.656	/	(1.384	+	0.371)
	=	15.76

Unitas Holdings (HKSE:08020) 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.

Unitas Holdings Cash-to-Debt Related Terms

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Unitas Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Unitas Holdings Ltd (HKSE:08020) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

133 Hoi Bun Road, Flat C, 16th Floor, MG Tower, Kwun Tong, Hong Kong, HKG

Website

http://www.chanceton.com

Unitas Holdings Ltd is an investment holding company. The company's operating segment includes Dry bulk shipping & logistic services and IP automation & entertainment business. It generates maximum revenue from the Dry bulk shipping and logistic services segment, which provides dry bulk shipping, shipping agency services and Logistics Services to international customers. IP automation & entertainment business segment mainly engages in the operation of IP thematic experience centers with automated gift machines, thematic game machines, and carnival game booths as well as retail outlets. Geographically, it derives a majority of its revenue from Hong Kong. It also has a business presence in The People's Republic of China, Benin, Egypt, Nigeria, South Africa, Tanzania and the USA.

Executives

Ho Chiu Ha Maisy	2201 Interest of corporation controlled by you
Lam Kam Hung	2101 Beneficial owner
Chan Yu Fung	2101 Beneficial owner
Man Wing Yee Ginny	2101 Beneficial owner

Unitas Holdings Headlines

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