Tasty Concepts Holding (HKSE:08096) Cash-to-Debt : 0.41 (As of Sep. 2023)

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What is Tasty Concepts 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. Tasty Concepts Holding's cash to debt ratio for the quarter that ended in Sep. 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, Tasty Concepts Holding couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

HKSE:08096' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.41 Med: 1.24 Max: 24.9
Current: 0.41

During the past 7 years, Tasty Concepts Holding's highest Cash to Debt Ratio was 24.90. The lowest was 0.41. And the median was 1.24.

HKSE:08096's Cash-to-Debt is ranked worse than
50.87% of 344 companies
in the Restaurants industry
Industry Median: 0.42 vs HKSE:08096: 0.41

Tasty Concepts Holding Cash-to-Debt Historical Data

The historical data trend for Tasty Concepts 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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Tasty Concepts Holding Cash-to-Debt Chart

Tasty Concepts Holding Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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24.90

1.25

1.24

1.09

0.46

Tasty Concepts Holding Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															0.54	N/A	0.46	N/A	0.41

Competitive Comparison of Tasty Concepts Holding's Cash-to-Debt

For the Restaurants subindustry, Tasty Concepts 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.

Tasty Concepts Holding's Cash-to-Debt Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Tasty Concepts Holding's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Tasty Concepts Holding's Cash-to-Debt falls into.

Tasty Concepts 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.

Tasty Concepts Holding's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	6.594	/	(6.53	+	7.891)
	=	0.46

Tasty Concepts Holding'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)
	=	5.65	/	(6.837	+	6.895)
	=	0.41

Tasty Concepts Holding (HKSE:08096) 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.

Tasty Concepts Holding Cash-to-Debt Related Terms

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

Tasty Concepts Holding (HKSE:08096) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Tasty Concepts Holding Ltd (HKSE:08096) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

139-141 Hoi Bun Road, Room 206, 2/F., Seaview Centre, Kwun Tong, Kowloon, Hong Kong, HKG

Website

https://www.butaoramen.com

Tasty Concepts Holding Ltd is an investment holding company. The group is engaged in the operation of Japanese ramen restaurants in Hong Kong and the PRC. The company derives maximum revenue from Hong Kong. It also earns revenue from the sales of food and related products and royalty fee income from a franchisee which is located in PRC and Macau.

Executives

Goldstone 1 Lpf	2101 Beneficial owner
Goldstone Wealth Management Limited	2101 Beneficial owner
Lam Yu Chor Paul	2201 Interest of corporation controlled by you
China New Consumption Group Limited	2201 Interest of corporation controlled by you
Everest Enterprise Company Limited	2201 Interest of corporation controlled by you
Longson Enterprise Development Company Limited	2101 Beneficial owner
Brilliant Trade Enterprises Limited	2101 Beneficial owner
Lee Wai Yu Giselle	2202 Interest of your spouse
Tai Shiu Bun Mariana	2202 Interest of your spouse
Tang Chun Ho Chandler	2201 Interest of corporation controlled by you
Tang Hing Chee	2201 Interest of corporation controlled by you

Tasty Concepts Holding (HKSE:08096) Headlines

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