Grace Wine Holdings (HKSE:08146) Cash-to-Debt : 0.69 (As of Jun. 2024)

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What is Grace Wine 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. Grace Wine Holdings's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.69.

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, Grace Wine Holdings couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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

HKSE:08146' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.69 Med: 45.25 Max: No Debt
Current: 0.69

During the past 9 years, Grace Wine Holdings's highest Cash to Debt Ratio was No Debt. The lowest was 0.69. And the median was 45.25.

HKSE:08146's Cash-to-Debt is ranked better than
53.17% of 205 companies
in the Beverages - Alcoholic industry
Industry Median: 0.4 vs HKSE:08146: 0.69

Grace Wine Holdings Cash-to-Debt Historical Data

The historical data trend for Grace Wine 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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Grace Wine Holdings Cash-to-Debt Chart

Grace Wine Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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43.98

46.52

69.99

2.63

1.13

Grace Wine Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial															N/A	1.94	N/A	1.13	0.69

Competitive Comparison of Grace Wine Holdings's Cash-to-Debt

For the Beverages - Wineries & Distilleries subindustry, Grace Wine 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.

Grace Wine Holdings's Cash-to-Debt Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Grace Wine Holdings's Cash-to-Debt distribution charts can be found below:

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

Grace Wine 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.

Grace Wine 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)
	=	45.797	/	(2.228	+	38.153)
	=	1.13

Grace Wine Holdings'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)
	=	33.97	/	(1.449	+	47.724)
	=	0.69

Grace Wine Holdings (HKSE:08146) 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.

Grace Wine Holdings Cash-to-Debt Related Terms

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

Grace Wine Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Grace Wine Holdings Ltd (HKSE:08146) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

No. 20 Westlands Road, Unit 2304, 23rd Floor, Westlands Centre, Quarry Bay, Hong Kong, HKG

Website

http://www.gracewine.com.hk

Grace Wine Holdings Ltd is a China-based company engaged in the Winemaking business. Its wine product portfolio includes higher-end wine and entry-level wine. It offers Red wine, White and Sparkling wine, and Rose wine. The company mainly engaged in two reporting segments, namely the production of wines; and the production of spirits. The majority of revenue derives from the production of the wine segment. Geographically the group mainly operates in the PRC.

Executives

Chan Chun Keung	2202 Interest of your spouse
Wong Shu Ying	2101 Beneficial owner
Macmillan Equity Limited	2101 Beneficial owner
Chan Judy	2201 Interest of corporation controlled by you
Ting Tan Ming	2101 Beneficial owner
Palgrave Enterprises Limited	2101 Beneficial owner

Grace Wine Holdings Headlines

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