Henderson Far Eastome (LSE:HFEL) Cash-to-Debt : 0.12 (As of Feb. 2024)

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What is Henderson Far Eastome 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. Henderson Far Eastome's cash to debt ratio for the quarter that ended in Feb. 2024 was 0.12.

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, Henderson Far Eastome couldn't pay off its debt using the cash in hand for the quarter that ended in Feb. 2024.

The historical rank and industry rank for Henderson Far Eastome's Cash-to-Debt or its related term are showing as below:

LSE:HFEL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.12 Med: 0.32 Max: 0.83
Current: 0.12

During the past 13 years, Henderson Far Eastome's highest Cash to Debt Ratio was 0.83. The lowest was 0.12. And the median was 0.32.

LSE:HFEL's Cash-to-Debt is ranked worse than
81.77% of 1465 companies
in the Asset Management industry
Industry Median: 5.56 vs LSE:HFEL: 0.12

Henderson Far Eastome Cash-to-Debt Historical Data

The historical data trend for Henderson Far Eastome'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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Henderson Far Eastome Cash-to-Debt Chart

Henderson Far Eastome Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Cash-to-Debt

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0.39

0.52

0.54

0.83

0.14

Henderson Far Eastome Semi-Annual Data
	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Cash-to-Debt	Get a 7-Day Free Trial															0.23	0.83	0.31	0.14	0.12

Competitive Comparison of Henderson Far Eastome's Cash-to-Debt

For the Asset Management subindustry, Henderson Far Eastome'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.

Henderson Far Eastome's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Henderson Far Eastome's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Henderson Far Eastome's Cash-to-Debt falls into.

Henderson Far Eastome 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.

Henderson Far Eastome's Cash to Debt Ratio for the fiscal year that ended in Aug. 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)
	=	3.944	/	(0	+	28.191)
	=	0.14

Henderson Far Eastome's Cash to Debt Ratio for the quarter that ended in Feb. 2024 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)
	=	4.383	/	(0	+	35.575)
	=	0.12

Henderson Far Eastome (LSE:HFEL) 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.

Henderson Far Eastome Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Henderson Far Eastome's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Henderson Far Eastome (LSE:HFEL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Henderson Far East Income Ltd (LSE:HFEL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

HFELl:UK

Address

201 Bishopsgate, London, GBR, EC2M 3AE

Website

http://www.hendersonfareastincome.com

Henderson Far East Income Ltd is a closed end investment company. Its investment objective is to provide investors with a high level of dividends as well as capital appreciation over the long term, from a diversified portfolio of investments traded on the Pacific, Australasian, Japanese, and Indian stock markets. The company mainly invests in listed equities including preference shares, debt, convertible securities, warrants and other equity related securities as well as in unlisted securities which invest in collective investment schemes. It may use derivatives and other instruments to enhance income and to protect the value of the portfolio. The company's majority of its revenue comprises interest income and dividend income earned from an investment portfolio.

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