Finet Group (HKSE:08317) Cash-to-Debt : 16.68 (As of Sep. 2023)

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What is Finet Group 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. Finet Group's cash to debt ratio for the quarter that ended in Sep. 2023 was 16.68.

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, Finet Group could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

HKSE:08317' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.17 Med: 0.74 Max: 16.68
Current: 16.68

During the past 13 years, Finet Group's highest Cash to Debt Ratio was 16.68. The lowest was 0.17. And the median was 0.74.

HKSE:08317's Cash-to-Debt is ranked better than
82.13% of 1063 companies
in the Business Services industry
Industry Median: 1.01 vs HKSE:08317: 16.68

Finet Group Cash-to-Debt Historical Data

The historical data trend for Finet Group'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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Finet Group Cash-to-Debt Chart

Finet Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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0.48

0.25

0.31

0.98

0.30

Finet Group 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															0.73	N/A	0.30	N/A	16.68

Competitive Comparison of Finet Group's Cash-to-Debt

For the Specialty Business Services subindustry, Finet Group'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.

Finet Group's Cash-to-Debt Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Finet Group's Cash-to-Debt distribution charts can be found below:

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

Finet Group 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.

Finet Group'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)
	=	8.022	/	(2.637	+	24.018)
	=	0.30

Finet Group'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)
	=	11.539	/	(0.692	+	0)
	=	16.67

Finet Group (HKSE:08317) 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.

Finet Group Cash-to-Debt Related Terms

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

Finet Group (HKSE:08317) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Finet Group Ltd (HKSE:08317) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

77-79 Gloucester Road, 30th Floor, Fortis Tower, Wanchai, Hong Kong, HKG

Website

http://ir.finet.hk/en

Finet Group Ltd is an investment holding company. The company has four business segments namely Financial Information, Advertising and Investor Relationship Service Business; Securities and Futures Business; Money Lending Business; and Property Investment Business. The Financial Information, Advertising and Investor Relationship Service Business segment involves in the development, production, and provision of financial information services and technology solutions to investors, corporate and retail clients. The Securities and Futures segment specializes in the provision of online securities and futures trading. The Money Lending Business segment engages in lending. The Property Investment segment involves in the real estate business.

Finet Group (HKSE:08317) Headlines

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