NCI (Neo-Concept International Group Holdings) Cash-to-Debt : 0.11 (As of Dec. 2023)

View and export this data going back to 2024. Start your Free Trial

What is Neo-Concept International Group Holdings 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. Neo-Concept International Group Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.11.

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, Neo-Concept International Group Holdings 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 Neo-Concept International Group Holdings's Cash-to-Debt or its related term are showing as below:

NCI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.08 Max: 0.11
Current: 0.11

During the past 4 years, Neo-Concept International Group Holdings's highest Cash to Debt Ratio was 0.11. The lowest was 0.01. And the median was 0.08.

NCI's Cash-to-Debt is ranked worse than
75.24% of 1026 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.46 vs NCI: 0.11

Neo-Concept International Group Holdings Cash-to-Debt Historical Data

The historical data trend for Neo-Concept International Group Holdings'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.

* Premium members only.

Neo-Concept International Group Holdings Cash-to-Debt Chart

Neo-Concept International Group Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.01

0.05

0.10

0.11

Neo-Concept International Group Holdings Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			0.05	0.04	0.10	0.04	0.11

Competitive Comparison of Neo-Concept International Group Holdings's Cash-to-Debt

For the Apparel Manufacturing subindustry, Neo-Concept International Group Holdings'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.

Neo-Concept International Group Holdings's Cash-to-Debt Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Neo-Concept International Group Holdings's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Neo-Concept International Group Holdings's Cash-to-Debt falls into.

Neo-Concept International Group Holdings 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.

Neo-Concept International Group Holdings'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)
	=	0.749	/	(4.029	+	2.968)
	=	0.11

Neo-Concept International Group Holdings'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)
	=	0.749	/	(4.029	+	2.968)
	=	0.11

Neo-Concept International Group Holdings (NAS:NCI) 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.

Neo-Concept International Group Holdings Cash-to-Debt Related Terms

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

Neo-Concept International Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Neo-Concept International Group Holdings Ltd (NAS:NCI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.139-141, Hoi Bun Road, 10th floor, Seaview Centre, Kwun Tong, Kowloon, Hong Kong, HKG

Website

https://www.neo-ig.com

Neo-Concept International Group Holdings Ltd is a company whose a one-stop apparel solution services provider. It offers a full suite of services in the apparel supply chain, including market trend analysis, product design and development, raw material sourcing, production and quality control, and logistics management serving customers located in the European, and North American markets through Neo-Concept HK.