Ying Hai Group Holdings Co (HKSE:08668) Cash-to-Debt : 2.76 (As of Dec. 2023)

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What is Ying Hai Group 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. Ying Hai Group Holdings Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 2.76.

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, Ying Hai Group Holdings Co could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Ying Hai Group Holdings Co's Cash-to-Debt or its related term are showing as below:

HKSE:08668' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.76 Med: 4.65 Max: No Debt
Current: 2.76

During the past 7 years, Ying Hai Group Holdings Co's highest Cash to Debt Ratio was No Debt. The lowest was 2.76. And the median was 4.65.

HKSE:08668's Cash-to-Debt is ranked better than
72.62% of 818 companies
in the Travel & Leisure industry
Industry Median: 0.57 vs HKSE:08668: 2.76

Ying Hai Group Holdings Co Cash-to-Debt Historical Data

The historical data trend for Ying Hai Group 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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Ying Hai Group Holdings Co Cash-to-Debt Chart

Ying Hai Group Holdings Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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19.92

3.83

3.90

4.65

2.76

Ying Hai Group 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															4.65	N/A	6.32	N/A	2.76

Competitive Comparison of Ying Hai Group Holdings Co's Cash-to-Debt

For the Travel Services subindustry, Ying Hai Group 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.

Ying Hai Group Holdings Co's Cash-to-Debt Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Ying Hai Group Holdings Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Ying Hai Group Holdings Co's Cash-to-Debt falls into.

Ying Hai Group Holdings Co 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.

Ying Hai Group Holdings Co'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)
	=	9.261	/	(1.103	+	2.254)
	=	2.76

Ying Hai Group Holdings Co's Cash to Debt Ratio for the quarter 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)
	=	9.261	/	(1.103	+	2.254)
	=	2.76

Ying Hai Group Holdings Co (HKSE:08668) 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.

Ying Hai Group Holdings Co Cash-to-Debt Related Terms

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

Ying Hai Group Holdings Co (HKSE:08668) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Ying Hai Group Holdings Co Ltd (HKSE:08668) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

67 Mody Road, Room 506, 5th Floor, Peninsula Centre, Tsim Sha Tsui, Hong Kong, HKG

Website

http://www.yinghaiholding.com

Ying Hai Group Holdings Co Ltd is engaged in the sales and distribution of air tickets and hotel rooms, the sales and provision of ancillary travel-related products and services, the provision of car rental services in Macau, cross-border car rental services between Macau and Hong Kong and investment in concert. The firm's operating segments include the Travel business, Vehicle business, and Concert business. It generates a majority of its revenue from the Travel business segment. Geographically, the company generates a majority of its revenue from Macau.

Executives

Choi Wai Chan	2201 Interest of corporation controlled by you
Silver Esteem Limited	2101 Beneficial owner
Wong Pui Keng	2202 Interest of your spouse

Ying Hai Group Holdings Co (HKSE:08668) Headlines

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