OKG Technology Holdings (HKSE:01499) Cash-to-Debt : 0.15 (As of Sep. 2023)

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What is OKG Technology 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. OKG Technology Holdings's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.15.

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, OKG Technology Holdings 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 OKG Technology Holdings's Cash-to-Debt or its related term are showing as below:

HKSE:01499' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.15 Med: 1.72 Max: 26.94
Current: 0.15

During the past 9 years, OKG Technology Holdings's highest Cash to Debt Ratio was 26.94. The lowest was 0.15. And the median was 1.72.

HKSE:01499's Cash-to-Debt is ranked worse than
81.5% of 1665 companies
in the Construction industry
Industry Median: 0.64 vs HKSE:01499: 0.15

OKG Technology Holdings Cash-to-Debt Historical Data

The historical data trend for OKG Technology 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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OKG Technology Holdings Cash-to-Debt Chart

OKG Technology Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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2.38

1.50

1.76

0.26

0.19

OKG Technology Holdings Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial														1.92	0.26	0.17	0.19	0.15

Competitive Comparison of OKG Technology Holdings's Cash-to-Debt

For the Engineering & Construction subindustry, OKG Technology 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.

OKG Technology Holdings's Cash-to-Debt Distribution in the Construction Industry

For the Construction industry and Industrials sector, OKG Technology Holdings's Cash-to-Debt distribution charts can be found below:

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

OKG Technology 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.

OKG Technology Holdings's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	105.256	/	(553.729	+	1.685)
	=	0.19

OKG Technology Holdings's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	110.255	/	(718.721	+	0.06)
	=	0.15

OKG Technology Holdings (HKSE:01499) 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.

OKG Technology Holdings Cash-to-Debt Related Terms

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OKG Technology Holdings (HKSE:01499) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » OKG Technology Holdings Ltd (HKSE:01499) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

255-257 Gloucester Road, Unit 902-903, 9th Floor, Sino Plaza, Causeway Bay, Hong Kong, HKG

Website

https://www.okg.com.hk

OKG Technology Holdings Ltd provides engineering and building services to the construction sector. The company's operating segment includes Construction waste handling services; Foundation, building construction works and ancillary services; Technical services; Digital assets related businesses; and Other businesses. It generates maximum revenue from the Foundation, building construction works, and ancillary services segment. Geographically, it derives a majority of its revenue from Hong Kong.

OKG Technology Holdings (HKSE:01499) Headlines

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