Wealthink AI-Innovation Capital (HKSE:01140) Cash-to-Debt

: 0.03 (As of Sep. 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. Wealthink AI-Innovation Capital's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.03.

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, Wealthink AI-Innovation Capital couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

The historical rank and industry rank for Wealthink AI-Innovation Capital's Cash-to-Debt or its related term are showing as below:

HKSE:01140' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 2.04 Max: No Debt
Current: 0.03

During the past 13 years, Wealthink AI-Innovation Capital's highest Cash to Debt Ratio was No Debt. The lowest was 0.02. And the median was 2.04.

HKSE:01140's Cash-to-Debt is ranked worse than
92.88% of 1474 companies
in the Asset Management industry
Industry Median: 5.3 vs HKSE:01140: 0.03

Wealthink AI-Innovation Capital Cash-to-Debt Historical Data

The historical data trend for Wealthink AI-Innovation 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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Wealthink AI-Innovation Capital Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

2.71

0.20

0.12

0.05

0.08

Wealthink AI-Innovation Capital Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt																0.28	0.05	0.02	0.08	0.03

Competitive Comparison

For the Asset Management subindustry, Wealthink AI-Innovation 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.

Wealthink AI-Innovation Capital Cash-to-Debt Distribution

For the Asset Management industry and Financial Services sector, Wealthink AI-Innovation Capital's Cash-to-Debt distribution charts can be found below:

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

Wealthink AI-Innovation Capital 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.

Wealthink AI-Innovation Capital's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	108.36	/	(0	+	1293.764)
	=	0.08

Wealthink AI-Innovation Capital's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	34.382	/	(0	+	1191.113)
	=	0.03

Wealthink AI-Innovation Capital (HKSE:01140) 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.

Wealthink AI-Innovation Capital Cash-to-Debt Related Terms

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Wealthink AI-Innovation Capital (HKSE:01140) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Wealthink AI-Innovation Capital Ltd (HKSE:01140) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

183 Queen’s Road Central, Room 3910-13, 39th Floor, COSCO Building, New Era Plaza, Hong Kong, HKG

Website

https://www.1140.com.hk

Wealthink AI-Innovation Capital Ltd Formerly Wealthking Investments Ltd is an investment company. Its investment objective is to achieve earnings in the form of medium to long-term capital appreciation through investing in a diversified portfolio of global investments in listed and unlisted enterprises. The majority of the company's revenue comprises dividend income from unlisted investments, interest income, and other income. Geographically, it derives maximum revenue from Hong Kong and also has a presence in Mainland China and the United States of America.

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