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Horizon Construction Development (HKSE:09930) Cash-to-Debt : 0.08 (As of Dec. 2024)


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What is Horizon Construction Development 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. Horizon Construction Development's cash to debt ratio for the quarter that ended in Dec. 2024 was 0.08.

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, Horizon Construction Development couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2024.

The historical rank and industry rank for Horizon Construction Development's Cash-to-Debt or its related term are showing as below:

HKSE:09930' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02   Med: 0.08   Max: 0.12
Current: 0.08

During the past 5 years, Horizon Construction Development's highest Cash to Debt Ratio was 0.12. The lowest was 0.02. And the median was 0.08.

HKSE:09930's Cash-to-Debt is ranked worse than
88.14% of 1054 companies
in the Business Services industry
Industry Median: 1.065 vs HKSE:09930: 0.08

Horizon Construction Development Cash-to-Debt Historical Data

The historical data trend for Horizon Construction Development'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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Horizon Construction Development Cash-to-Debt Chart

Horizon Construction Development Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24
Cash-to-Debt
0.02 0.04 0.10 0.12 0.08

Horizon Construction Development Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Cash-to-Debt Get a 7-Day Free Trial 0.10 0.13 0.12 0.10 0.08

Competitive Comparison of Horizon Construction Development's Cash-to-Debt

For the Rental & Leasing Services subindustry, Horizon Construction Development'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.

Horizon Construction Development's Cash-to-Debt Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Horizon Construction Development's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Horizon Construction Development's Cash-to-Debt falls into.


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Horizon Construction Development 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.

Horizon Construction Development's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
=1904.106 / (7221.099 + 15810.131)
=0.08

Horizon Construction Development's Cash to Debt Ratio for the quarter that ended in Dec. 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)
=1904.106 / (7221.099 + 15810.131)
=0.08

* 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.

Horizon Construction Development  (HKSE:09930) 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.

Horizon Construction Development Cash-to-Debt Related Terms

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Horizon Construction Development Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Horizon Construction Development Ltd (HKSE:09930) » Definitions » Cash-to-Debt
Comparable Companies
HKSE:01341 HKSE:01848 HKSE:09680 HKSE:02559 HKSE:00254 HKSE:00474 HKSE:00936 HKSE:01496 HKSE:01581 HKSE:08425 URI LSE:AHT AER FTAI UHAL TSX:EFN XPAR:AYV BSP:RENT3 R GATX
Traded in Other Exchanges
B7H:Germany
Address
200 Xichang Road, No. 5, 6-610, Building 2, Minghai Center, Tianjin Pilot Free Trade Zone, Dongjiang Bonded Port Area, Tianjin, CHN
Website
http://www.hongxinjianfa.com
Horizon Construction Development Ltd is an equipment operation service provider. The Group is committed to providing one-stop comprehensive solutions of products and services for domestic and overseas clients in the construction and industrial sectors. The company has three reportable operating segments, Operating lease services, Engineering and technical services, and Asset management and other services. A majority of its revenue is generated from the Operating lease services segment which is engaged in leasing equipment and materials to customers and generating revenue mainly from rental fees payable by customers.
Executives
He Zi Ming 2101 Beneficial owner
Far East Horizon Limited 2101 Beneficial owner
Farsighted Wit Limited
Tian Jin Hong Sheng Zu Lin You Xian Gong Si
Tian Jin Hong Jian Qi Ye Guan Li Zi Xun Zhong Xin You Xian He Huo
Tian Jin Lan Jin Qi Ye Guan Li Zi Xun Zhong Xin You Xian He Huo
Yuan Dong Guo Ji Rong Zi Zu Lin You Xian Gong Si
Yuan Dong Hong Xin Tian Jin Rong Zi Zu Lin You Xian Gong Si

Horizon Construction Development Headlines

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