Hao Bai International (Cayman) (HKSE:08431) Cash-to-Debt : 2.44 (As of Sep. 2023)

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What is Hao Bai International (Cayman) 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. Hao Bai International (Cayman)'s cash to debt ratio for the quarter that ended in Sep. 2023 was 2.44.

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, Hao Bai International (Cayman) 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 Hao Bai International (Cayman)'s Cash-to-Debt or its related term are showing as below:

HKSE:08431' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.41 Max: 2.44
Current: 2.44

During the past 9 years, Hao Bai International (Cayman)'s highest Cash to Debt Ratio was 2.44. The lowest was 0.01. And the median was 0.41.

HKSE:08431's Cash-to-Debt is ranked better than
73.13% of 1682 companies
in the Construction industry
Industry Median: 0.625 vs HKSE:08431: 2.44

Hao Bai International (Cayman) Cash-to-Debt Historical Data

The historical data trend for Hao Bai International (Cayman)'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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Hao Bai International (Cayman) Cash-to-Debt Chart

Hao Bai International (Cayman) Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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0.44

0.49

0.01

0.03

Hao Bai International (Cayman) 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															0.02	N/A	0.03	N/A	2.44

Competitive Comparison of Hao Bai International (Cayman)'s Cash-to-Debt

For the Engineering & Construction subindustry, Hao Bai International (Cayman)'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.

Hao Bai International (Cayman)'s Cash-to-Debt Distribution in the Construction Industry

For the Construction industry and Industrials sector, Hao Bai International (Cayman)'s Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Hao Bai International (Cayman)'s Cash-to-Debt falls into.

Hao Bai International (Cayman) 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.

Hao Bai International (Cayman)'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)
	=	0.248	/	(7.636	+	0)
	=	0.03

Hao Bai International (Cayman)'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)
	=	16.996	/	(1.86	+	5.119)
	=	2.44

Hao Bai International (Cayman) (HKSE:08431) 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.

Hao Bai International (Cayman) Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Hao Bai International (Cayman)'s Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Hao Bai International (Cayman) (HKSE:08431) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Hao Bai International (Cayman) Ltd (HKSE:08431) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 883 Cheung Sha Wan Road, Unit 1B, 10/F, Elite Industrial Centre, Kowloon, Hong Kong, HKG

Website

http://www.harmonyasia.com

Hao Bai International (Cayman) Ltd is an investment holding company. The company is engaged in the provision of design, procurement, and installation services of water circulation systems. Its services are mainly categorized as Management contracting services, Consultancy Services, The company generates maximum revenue from the Management contracting services segment that engages in the provision of design, procurement, and installation services of the water circulation systems. Geographically, it derives a majority of revenue from Hong Kong and also has a presence in Macau.

Executives

Prudential Brokerage Limited	2106 Person having a security interest in shares
Li Dongyan	2201 Interest of corporation controlled by you
Zhuiri Law And Business International Holding Group Limited	2101 Beneficial owner
Song Chenglei	2101 Beneficial owner
Harmony Asia International Limited	2101 Beneficial owner
Nam Ho Kwan	2101 Beneficial owner
Chen Mingxia	2101 Beneficial owner

Hao Bai International (Cayman) (HKSE:08431) Headlines

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