Yue Yuen Industrial (Holdings) (HKSE:00551) Cash-to-Debt

: 0.91 (As of Dec. 2023)

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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. Yue Yuen Industrial (Holdings)'s cash to debt ratio for the quarter that ended in Dec. 2023 was 0.91.

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, Yue Yuen Industrial (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 Yue Yuen Industrial (Holdings)'s Cash-to-Debt or its related term are showing as below:

HKSE:00551' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.4 Med: 0.58 Max: 1.29
Current: 0.91

During the past 13 years, Yue Yuen Industrial (Holdings)'s highest Cash to Debt Ratio was 1.29. The lowest was 0.40. And the median was 0.58.

HKSE:00551's Cash-to-Debt is ranked better than
63.45% of 1037 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.47 vs HKSE:00551: 0.91

Yue Yuen Industrial (Holdings) Cash-to-Debt Historical Data

The historical data trend for Yue Yuen Industrial (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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Yue Yuen Industrial (Holdings) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.40

0.43

0.44

0.61

0.91

Yue Yuen Industrial (Holdings) Quarterly Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															N/A	0.61	0.66	N/A	0.91

Competitive Comparison

For the Footwear & Accessories subindustry, Yue Yuen Industrial (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.

Yue Yuen Industrial (Holdings) Cash-to-Debt Distribution

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Yue Yuen Industrial (Holdings)'s Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Yue Yuen Industrial (Holdings)'s Cash-to-Debt falls into.

Yue Yuen Industrial (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.

Yue Yuen Industrial (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)
	=	8814.023	/	(5719.546	+	3961.951)
	=	0.91

Yue Yuen Industrial (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)
	=	8814.023	/	(5719.546	+	3961.951)
	=	0.91

Yue Yuen Industrial (Holdings) (HKSE:00551) 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.

Yue Yuen Industrial (Holdings) Cash-to-Debt Related Terms

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

Yue Yuen Industrial (Holdings) (HKSE:00551) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Yue Yuen Industrial (Holdings) Ltd (HKSE:00551) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

YUEIY:USA YUEIF:USA YUE1:Germany

Address

108 Wai Yip Street, 22nd Floor, C-Bons International Center, Kwun Tong, Kowloon, Hong Kong, HKG

Website

https://www.yueyuen.com

Yue Yuen Industrial (Holdings) Ltd is engaged in footwear businesses. The company operates in two reportable segments: Manufacturing Business and Retailing Business. Manufacturing Business contributes the majority of the revenue. Its products include athletic shoes, casual shoes, outdoor shoes, sports sandals, soles, components, and Apparel wholesale. The company operates in the United States, China, Europe, Asia, and Others.

Yue Yuen Industrial (Holdings) (HKSE:00551) Headlines

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