WLS Holdings (HKSE:08021) Cash-to-Debt : 0.44 (As of Oct. 2023)

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What is WLS 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. WLS Holdings's cash to debt ratio for the quarter that ended in Oct. 2023 was 0.44.

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, WLS Holdings couldn't pay off its debt using the cash in hand for the quarter that ended in Oct. 2023.

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

HKSE:08021' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.13 Med: 0.77 Max: 4.56
Current: 0.44

During the past 13 years, WLS Holdings's highest Cash to Debt Ratio was 4.56. The lowest was 0.13. And the median was 0.77.

HKSE:08021's Cash-to-Debt is ranked worse than
58.96% of 1674 companies
in the Construction industry
Industry Median: 0.63 vs HKSE:08021: 0.44

WLS Holdings Cash-to-Debt Historical Data

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

WLS Holdings Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Cash-to-Debt

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1.19

0.65

0.71

0.76

0.51

WLS Holdings Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Cash-to-Debt	Get a 7-Day Free Trial															0.75	N/A	0.51	N/A	0.44

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

For the Engineering & Construction subindustry, WLS 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.

WLS Holdings's Cash-to-Debt Distribution in the Construction Industry

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

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

WLS 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.

WLS Holdings's Cash to Debt Ratio for the fiscal year that ended in Apr. 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)
	=	63.785	/	(121.59	+	3.911)
	=	0.51

WLS Holdings's Cash to Debt Ratio for the quarter that ended in Oct. 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)
	=	64.048	/	(145.213	+	0.522)
	=	0.44

WLS Holdings (HKSE:08021) 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.

WLS Holdings Cash-to-Debt Related Terms

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WLS Holdings (HKSE:08021) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » WLS Holdings Ltd (HKSE:08021) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.11 Yip Hing Street, Rooms 1001-1006, 10th Floor, Tower A, Southmark, Wong Chuk Hang, Aberdeen, Hong Kong, HKG

Website

http://www.wls.com.hk

WLS Holdings Ltd is a Hong Kong-based company engaged in providing construction services. It operates through the segments of Scaffolding, fitting out, and other auxiliary services for construction and building work, Money lending business, and Securities investment business. The group generates a majority of the revenue from the Scaffolding services segment Geographically, the company carries its business operations in Hong Kong.

Executives

Chong Man San Denise
Leung Wai Ho

WLS Holdings (HKSE:08021) Headlines

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