Hing Ming Holdings (HKSE:08425) Cash-to-Debt : 1.29 (As of Sep. 2023)

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What is Hing Ming 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. Hing Ming Holdings's cash to debt ratio for the quarter that ended in Sep. 2023 was 1.29.

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

HKSE:08425' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.51 Med: 2.25 Max: 11.39
Current: 1.29

During the past 9 years, Hing Ming Holdings's highest Cash to Debt Ratio was 11.39. The lowest was 0.51. And the median was 2.25.

HKSE:08425's Cash-to-Debt is ranked better than
54.04% of 1064 companies
in the Business Services industry
Industry Median: 1 vs HKSE:08425: 1.29

Hing Ming Holdings Cash-to-Debt Historical Data

The historical data trend for Hing Ming 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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Hing Ming Holdings Cash-to-Debt Chart

Hing Ming Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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2.76

2.15

4.20

1.00

0.73

Hing Ming Holdings 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															0.97	N/A	0.73	N/A	1.29

Competitive Comparison of Hing Ming Holdings's Cash-to-Debt

For the Rental & Leasing Services subindustry, Hing Ming 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.

Hing Ming Holdings's Cash-to-Debt Distribution in the Business Services Industry

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

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

Hing Ming 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.

Hing Ming Holdings'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)
	=	14.207	/	(13.848	+	5.648)
	=	0.73

Hing Ming Holdings'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)
	=	17.35	/	(9.867	+	3.624)
	=	1.29

Hing Ming Holdings (HKSE:08425) 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.

Hing Ming Holdings Cash-to-Debt Related Terms

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Hing Ming Holdings (HKSE:08425) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Hing Ming Holdings Ltd (HKSE:08425) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

83-87 Nathan Road, Room A4, 2nd Floor, Tsim Sha Tsui Mansion, Kowloon, Hong Kong, HKG

Website

http://www.hing-ming.com

Hing Ming Holdings Ltd is engaged in the rental of temporary suspended working platforms and other equipment. It also provides trading of equipment and spare parts, such as permanently suspended working platforms, motors, and wire rope and the only operating segment of the Group is rental and related services and trading of equipment and spare parts.

Hing Ming Holdings (HKSE:08425) Headlines

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