Harbour Equine Holdings (HKSE:08377) Cash-to-Debt : 0.15 (As of Jun. 2024)

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What is Harbour Equine 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. Harbour Equine Holdings's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.15.

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

HKSE:08377' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 1.36 Max: 8.6
Current: 0.16

During the past 10 years, Harbour Equine Holdings's highest Cash to Debt Ratio was 8.60. The lowest was 0.02. And the median was 1.36.

HKSE:08377's Cash-to-Debt is ranked worse than
71.57% of 1020 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.47 vs HKSE:08377: 0.16

Harbour Equine Holdings Cash-to-Debt Historical Data

The historical data trend for Harbour Equine 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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Harbour Equine Holdings Cash-to-Debt Chart

Harbour Equine Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash-to-Debt

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6.09

3.16

0.07

0.12

0.16

Harbour Equine Holdings 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															0.08	N/A	0.12	0.15	0.16

Competitive Comparison of Harbour Equine Holdings's Cash-to-Debt

For the Textile Manufacturing subindustry, Harbour Equine 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.

Harbour Equine Holdings's Cash-to-Debt Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Harbour Equine Holdings's Cash-to-Debt distribution charts can be found below:

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

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Harbour Equine 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.

Harbour Equine 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)
	=	4.123	/	(34.491	+	0.896)
	=	0.12

Harbour Equine 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)
	=	4.087	/	(26.896	+	0.452)
	=	0.15

Harbour Equine Holdings (HKSE:08377) 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.

Harbour Equine Holdings Cash-to-Debt Related Terms

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

Harbour Equine Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Harbour Equine Holdings Ltd (HKSE:08377) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

No. 386 Zeng Nan Road, Zeng Jiao Cun, Fang Cun, Liwan District, Guangzhou, CHN

Website

https://www.harbourequine.com

Harbour Equine Holdings Ltd is a textile manufacturing company. It is engaged in the manufacturing and selling of sewing threads and board categories of garment accessories, provision of interior design, interior decoration, and furnishing services, and provision of trading of bloodstock, stallion services, and equine handling services, provision of securities, advising on corporate finance and assets management. It also offers other types of sewing threads, namely textured polyester series, elastic filament sewing threads, and weft yarn. Its segments are the manufacturing and selling of sewing threads, Interior design and decoration, Equine services, and Advising on securities, corporate finance, and asset management. It generates the majority of revenue from Hong Kong.

Executives

Three Gates Investment Limited	2101 Beneficial owner
Wong Kwok Wai Albert	2201 Interest of corporation controlled by you
Fung Wing Cheung Tony	2101 Beneficial owner
Gold-face Finance Limited	2106 Person having a security interest in shares
Upbest Group Limited	2201 Interest of corporation controlled by you

Harbour Equine Holdings Headlines

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