HMC Capital (ASX:HMC) Cash-to-Debt : 1.24 (As of Dec. 2023)

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What is HMC Capital 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. HMC Capital's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.24.

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, HMC Capital 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 HMC Capital's Cash-to-Debt or its related term are showing as below:

ASX:HMC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05 Med: 0.54 Max: 129.64
Current: 1.24

During the past 5 years, HMC Capital's highest Cash to Debt Ratio was 129.64. The lowest was 0.05. And the median was 0.54.

ASX:HMC's Cash-to-Debt is ranked better than
76.53% of 801 companies
in the REITs industry
Industry Median: 0.08 vs ASX:HMC: 1.24

HMC Capital Cash-to-Debt Historical Data

The historical data trend for HMC Capital'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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HMC Capital Cash-to-Debt Chart

HMC Capital Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

0.12

0.06

0.05

13.25

0.54

HMC Capital Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial				129.64	13.25	1.09	0.54	1.24

Competitive Comparison of HMC Capital's Cash-to-Debt

For the REIT - Diversified subindustry, HMC Capital'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.

HMC Capital's Cash-to-Debt Distribution in the REITs Industry

For the REITs industry and Real Estate sector, HMC Capital's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where HMC Capital's Cash-to-Debt falls into.

HMC Capital 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.

HMC Capital's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	48.778	/	(87.13	+	2.847)
	=	0.54

HMC Capital'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)
	=	173.116	/	(120.836	+	18.472)
	=	1.24

HMC Capital (ASX:HMC) 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.

HMC Capital Cash-to-Debt Related Terms

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HMC Capital (ASX:HMC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » HMC Capital Ltd (ASX:HMC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Macquarie Place, Level 7, Sydney, NSW, AUS, 2000

Website

https://www.hmccapital.com.au

HMC Capital Ltd is a property group focused on ownership, development, and management. The company's operating segment includes Investments Funds Management and Corporate properties. It generates maximum revenue from the Investments segment. The company portfolio comprises mainly retail and services centers.