Edvantage Group Holdings (HKSE:00382) Cash-to-Debt : 1.09 (As of Aug. 2023)

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What is Edvantage 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. Edvantage Group Holdings's cash to debt ratio for the quarter that ended in Aug. 2023 was 1.09.

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, Edvantage Group Holdings could pay off its debt using the cash in hand for the quarter that ended in Aug. 2023.

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

HKSE:00382' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.85 Med: 1.2 Max: 2.89
Current: 1.09

During the past 8 years, Edvantage Group Holdings's highest Cash to Debt Ratio was 2.89. The lowest was 0.85. And the median was 1.20.

HKSE:00382's Cash-to-Debt is ranked worse than
53.05% of 262 companies
in the Education industry
Industry Median: 1.235 vs HKSE:00382: 1.09

Edvantage Group Holdings Cash-to-Debt Historical Data

The historical data trend for Edvantage 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.

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Edvantage Group Holdings Cash-to-Debt Chart

Edvantage Group Holdings Annual Data

Trend

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Cash-to-Debt

Get a 7-Day Free Trial

2.89

1.63

0.85

0.87

1.09

Edvantage Group Holdings Semi-Annual Data
	Aug16	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Cash-to-Debt	Get a 7-Day Free Trial										0.56	0.87	0.55	1.09	N/A

Competitive Comparison of Edvantage Group Holdings's Cash-to-Debt

For the Education & Training Services subindustry, Edvantage 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.

Edvantage Group Holdings's Cash-to-Debt Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Edvantage Group Holdings's Cash-to-Debt distribution charts can be found below:

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

Edvantage 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.

Edvantage Group Holdings's Cash to Debt Ratio for the fiscal year that ended in Aug. 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)
	=	2154.299	/	(522.594	+	1451.356)
	=	1.09

Edvantage Group Holdings's Cash to Debt Ratio for the quarter that ended in Aug. 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)
	=	2154.299	/	(522.594	+	1451.356)
	=	1.09

Edvantage Group Holdings (HKSE:00382) 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.

Edvantage Group Holdings Cash-to-Debt Related Terms

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

Edvantage Group Holdings (HKSE:00382) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Edvantage Group Holdings Ltd (HKSE:00382) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 Huashang Road, Licheng Street, Zengcheng, Guangzhou, CHN

Website

https://www.edvantagegroup.com.hk

Edvantage Group is a leading private education group based in Greater Bay Area. Edvantage primarily offers higher education. It also provides secondary vocational education and non-formal vocational education service.Edvantage currently operates nine schools across domestic China and overseas, and more than 98% of its revenue is generated domestically. The total number of enrolled students exceeded 95,000 as of October 2023 from 32,217 as of August 2018. The rapid expansion was achieved through organic growth and school acquisitions.

Edvantage Group Holdings (HKSE:00382) Headlines

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