Cornerstone Technologies Holdings (HKSE:08391) Cash-to-Debt : 0.05 (As of Jun. 2024)

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What is Cornerstone Technologies 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. Cornerstone Technologies Holdings's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.05.

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

HKSE:08391' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05 Med: 0.79 Max: 12.03
Current: 0.05

During the past 8 years, Cornerstone Technologies Holdings's highest Cash to Debt Ratio was 12.03. The lowest was 0.05. And the median was 0.79.

HKSE:08391's Cash-to-Debt is ranked worse than
90.93% of 1047 companies
in the Business Services industry
Industry Median: 1.03 vs HKSE:08391: 0.05

Cornerstone Technologies Holdings Cash-to-Debt Historical Data

The historical data trend for Cornerstone Technologies 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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Cornerstone Technologies Holdings Cash-to-Debt Chart

Cornerstone Technologies Holdings Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Dec21

Dec22

Dec23

Cash-to-Debt

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12.03

1.36

0.20

0.17

0.36

Cornerstone Technologies 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	0.07	N/A	0.36	0.05

Competitive Comparison of Cornerstone Technologies Holdings's Cash-to-Debt

For the Specialty Business Services subindustry, Cornerstone Technologies 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.

Cornerstone Technologies Holdings's Cash-to-Debt Distribution in the Business Services Industry

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

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

Cornerstone Technologies 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.

Cornerstone Technologies 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)
	=	23.381	/	(2.715	+	63.06)
	=	0.36

Cornerstone Technologies 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)
	=	3.07	/	(2.736	+	62.682)
	=	0.05

Cornerstone Technologies Holdings (HKSE:08391) 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.

Cornerstone Technologies Holdings Cash-to-Debt Related Terms

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

Cornerstone Technologies Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Cornerstone Technologies Holdings Ltd (HKSE:08391) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 9 Science Museum Road, Office Units 1107 - 11, 11th Floor, New East Ocean Centre, Kowloon - District, Hong Kong, HKG

Website

https://www.cstl.com.hk

Cornerstone Technologies Holdings Ltd is an investment holding company. It is a printing services provider that principally engages in the provisions of printing, typesetting, and translation services in Hong Kong. The group is also engaged in supplying EV-integrated charging solutions, including a central management system, hub for e-payment, load management system, and license plate recognition system for electric vehicles and smart parking. It derives prime revenue from the Printing business.

Executives

Gaw Capital Growth Equity Fund (flash) Lpf	2201 Interest of corporation controlled by you
Gaw Capital Growth Equity Fund (flash) Gp Limited	2201 Interest of corporation controlled by you
Floryn Passie Limited	2101 Beneficial owner
Yang Xiang Dong	2201 Interest of corporation controlled by you
Abax Global Capital	2201 Interest of corporation controlled by you
Aaspcf2022 Gp, Lp	2201 Interest of corporation controlled by you
Liang Zihao	2101 Beneficial owner
Li Man Keung Edwin	2201 Interest of corporation controlled by you
Wu Yanyan	2101 Beneficial owner
Glorytwin Limited	2101 Beneficial owner
Tanner Enterprises Group Limited	2201 Interest of corporation controlled by you
Global Fortune Global Limited	2101 Beneficial owner
Wu Jianwei	2101 Beneficial owner
Gaw Growth Equity Fund I Gp Limited	2201 Interest of corporation controlled by you
Gateway Capital (hong Kong) Limited	2102 Investment manager

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