HTCO (High-Trend International Group) Cash-to-Debt : 0.98 (As of Oct. 2024)

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What is High-Trend International Group 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. High-Trend International Group's cash to debt ratio for the quarter that ended in Oct. 2024 was 0.98.

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, High-Trend International Group couldn't pay off its debt using the cash in hand for the quarter that ended in Oct. 2024.

The historical rank and industry rank for High-Trend International Group's Cash-to-Debt or its related term are showing as below:

HTCO' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.38 Med: 0.96 Max: 3.84
Current: 0.98

During the past 5 years, High-Trend International Group's highest Cash to Debt Ratio was 3.84. The lowest was 0.38. And the median was 0.96.

HTCO's Cash-to-Debt is ranked better than
65.6% of 971 companies
in the Transportation industry
Industry Median: 0.47 vs HTCO: 0.98

High-Trend International Group Cash-to-Debt Historical Data

The historical data trend for High-Trend International Group'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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High-Trend International Group Cash-to-Debt Chart

High-Trend International Group Annual Data

Trend

Oct20

Oct21

Oct22

Oct23

Oct24

Cash-to-Debt

0.84

0.96

3.84

0.38

0.98

High-Trend International Group Semi-Annual Data
	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23	Apr24	Oct24
Cash-to-Debt	Get a 7-Day Free Trial				3.84	3.01	0.38	0.91	0.98

Competitive Comparison of High-Trend International Group's Cash-to-Debt

For the Marine Shipping subindustry, High-Trend International Group'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.

High-Trend International Group's Cash-to-Debt Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, High-Trend International Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where High-Trend International Group's Cash-to-Debt falls into.

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High-Trend International Group 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.

High-Trend International Group's Cash to Debt Ratio for the fiscal year that ended in Oct. 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)
	=	6.863	/	(6.096	+	0.917)
	=	0.98

High-Trend International Group's Cash to Debt Ratio for the quarter that ended in Oct. 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)
	=	6.863	/	(6.096	+	0.917)
	=	0.98

High-Trend International Group (NAS:HTCO) 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.

High-Trend International Group Cash-to-Debt Related Terms

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High-Trend International Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » High-Trend International Group (NAS:HTCO) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

33 Hysan Avenue, Office Unit 1125, 11th Floor, Lee Garden One, Causeway Bay, Hong Kong, HKG

Website

http://www.caravelleglobal.com

High-Trend International Group formerly Caravelle International Group is an international operator of ocean transportation services. It is engaged in the seaborne transportation service under voyage contracts as well as vessel service for and on behalf of ship owners. The company has two operating segments namely, ocean transport and Heating business. The company derives the majority of its revenue from the Ocean transportation business. The company derives freight revenue from voyage contracts and provides vessel service.