Glory Flame Holdings (HKSE:08059) Cash-to-Debt : 0.41 (As of Dec. 2023)

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What is Glory Flame 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. Glory Flame Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.41.

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

HKSE:08059' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.4 Med: 0.52 Max: 15.7
Current: 0.41

During the past 11 years, Glory Flame Holdings's highest Cash to Debt Ratio was 15.70. The lowest was 0.40. And the median was 0.52.

HKSE:08059's Cash-to-Debt is ranked worse than
61.31% of 1675 companies
in the Construction industry
Industry Median: 0.62 vs HKSE:08059: 0.41

Glory Flame Holdings Cash-to-Debt Historical Data

The historical data trend for Glory Flame 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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Glory Flame Holdings Cash-to-Debt Chart

Glory Flame Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.52

0.49

0.40

0.41

Glory Flame Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.40	N/A	0.41	N/A	0.41

Competitive Comparison of Glory Flame Holdings's Cash-to-Debt

For the Engineering & Construction subindustry, Glory Flame 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.

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

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

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

Glory Flame 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.

Glory Flame 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)
	=	36.153	/	(51.458	+	36.699)
	=	0.41

Glory Flame 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)
	=	36.153	/	(51.458	+	36.699)
	=	0.41

Glory Flame Holdings (HKSE:08059) 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.

Glory Flame Holdings Cash-to-Debt Related Terms

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

Glory Flame Holdings (HKSE:08059) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Glory Flame Holdings Ltd (HKSE:08059) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

5 Canton Road, Suite 821, 8th Floor, Ocean Centre, Harbour City, Tsim Sha Tsui, Kowloon, Hong Kong, HKG

Website

http://www.gf-holdings.com

Glory Flame Holdings Ltd is an investment holding company. The group mainly engages in the provision of concrete demolition services and manufacturing and trading of prefabricated construction components The geographical segments of the group are Hong Kong and the PRC.

Executives

Zhou Jin	2101 Beneficial owner
Zhu Zhou	2101 Beneficial owner
Huang Cheng	2101 Beneficial owner
Du Hao	2101 Beneficial owner

Glory Flame Holdings (HKSE:08059) Headlines

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