Keen Ocean International Holding (HKSE:08070) Cash-to-Debt : 2.62 (As of Jun. 2024)

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What is Keen Ocean International Holding 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. Keen Ocean International Holding's cash to debt ratio for the quarter that ended in Jun. 2024 was 2.62.

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, Keen Ocean International Holding 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 Keen Ocean International Holding's Cash-to-Debt or its related term are showing as below:

HKSE:08070' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.39 Max: 2.62
Current: 1.86

During the past 11 years, Keen Ocean International Holding's highest Cash to Debt Ratio was 2.62. The lowest was 0.04. And the median was 0.39.

HKSE:08070's Cash-to-Debt is ranked better than
55.12% of 2449 companies
in the Hardware industry
Industry Median: 1.43 vs HKSE:08070: 1.86

Keen Ocean International Holding Cash-to-Debt Historical Data

The historical data trend for Keen Ocean International Holding'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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Keen Ocean International Holding Cash-to-Debt Chart

Keen Ocean International Holding Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash-to-Debt

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0.24

0.10

0.39

2.07

1.86

Keen Ocean International Holding Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Jun24	Dec24
Cash-to-Debt	Get a 7-Day Free Trial															0.94	N/A	2.07	2.62	1.86

Competitive Comparison of Keen Ocean International Holding's Cash-to-Debt

For the Electronic Components subindustry, Keen Ocean International Holding'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.

Keen Ocean International Holding's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Keen Ocean International Holding's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Keen Ocean International Holding's Cash-to-Debt falls into.

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Keen Ocean International Holding 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.

Keen Ocean International Holding'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)
	=	76.651	/	(37.05	+	0)
	=	2.07

Keen Ocean International Holding'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)
	=	88.189	/	(33.675	+	0)
	=	2.62

Keen Ocean International Holding (HKSE:08070) 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.

Keen Ocean International Holding Cash-to-Debt Related Terms

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Keen Ocean International Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Keen Ocean International Holding Ltd (HKSE:08070) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

East of Xinggong Avenue and South of Keqi Road, High-tech Development Zone, Guangdong Province, Heyuan, CHN

Website

https://www.keenocean.com.hk

Keen Ocean International Holding Ltd is engaged in the design, development, production, and sale of transformers, switching mode power supplies, healthcare products, and other electronic parts and components. The group sells its products domestically as well as overseas. Its customers are mainly manufacturers and trading entities. Most of the transformers and power supply products were manufactured and sold under the group's branch name Keen Ocean while all electronic parts and components as well as electric healthcare products were sold on an original equipment manufacturer (OEM) basis. Its segments include sales of transformers, sales of switching mode power supplies, sales of electronic parts and components, and sales of electric healthcare products.

Executives

Chung Chi Wah	2201 Interest of corporation controlled by you
Century Lead International Limited	2101 Beneficial owner

Keen Ocean International Holding Headlines

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