Victory Securities (Holdings) Co (HKSE:08540) Cash-to-Debt : 0.21 (As of Dec. 2023)

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What is Victory Securities (Holdings) Co 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. Victory Securities (Holdings) Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.21.

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, Victory Securities (Holdings) Co couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Victory Securities (Holdings) Co's Cash-to-Debt or its related term are showing as below:

HKSE:08540' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09 Med: 0.21 Max: 0.26
Current: 0.21

During the past 8 years, Victory Securities (Holdings) Co's highest Cash to Debt Ratio was 0.26. The lowest was 0.09. And the median was 0.21.

HKSE:08540's Cash-to-Debt is ranked worse than
84.11% of 799 companies
in the Capital Markets industry
Industry Median: 2.22 vs HKSE:08540: 0.21

Victory Securities (Holdings) Co Cash-to-Debt Historical Data

The historical data trend for Victory Securities (Holdings) Co'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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Victory Securities (Holdings) Co Cash-to-Debt Chart

Victory Securities (Holdings) Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.26

0.23

0.09

0.21

Victory Securities (Holdings) Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.21	N/A	0.20	N/A	0.21

Competitive Comparison of Victory Securities (Holdings) Co's Cash-to-Debt

For the Capital Markets subindustry, Victory Securities (Holdings) Co'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.

Victory Securities (Holdings) Co's Cash-to-Debt Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Victory Securities (Holdings) Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Victory Securities (Holdings) Co's Cash-to-Debt falls into.

Victory Securities (Holdings) Co Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents 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.

Victory Securities (Holdings) Co's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	19.835	/	(0	+	96.195)
	=	0.21

Victory Securities (Holdings) Co's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	19.835	/	(0	+	96.195)
	=	0.21

Victory Securities (Holdings) Co (HKSE:08540) 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.

Victory Securities (Holdings) Co Cash-to-Debt Related Terms

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

Victory Securities (Holdings) Co (HKSE:08540) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Victory Securities (Holdings) Co Ltd (HKSE:08540) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Connaught Road West, Room 1101-3, 11th Floor, Yardley Commercial Building, Sheung Wan, Hong Kong, HKG

Website

https://www.victorysec.com.hk

Victory Securities (Holdings) Co Ltd is an investment holding company engaged in the businesses of securities futures insurance policies broking, placing and underwriting services and advising on securities services, financing services, asset management services, financial advisory services and investment consultancy services in Hong Kong.. The company has five operating segments: Securities/ futures broking services; Financing services; Asset management services; Insurance consultancy services and Financial advisory services. It generates maximum revenue from the Securities/ futures broking services segment. The Group operates in Hong Kong and its revenue is derived from its operations in Hong Kong.

Executives

Chui Fan	2101 Beneficial owner
Kou Kuen	2101 Beneficial owner
Dr. Tt Kou's Family Company Limited	2101 Beneficial owner
Chan Pui Chuen	2101 Beneficial owner
Chan Ying Kit	2202 Interest of your spouse
Kou Luen	2101 Beneficial owner

Victory Securities (Holdings) Co (HKSE:08540) Headlines

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