Target Insurance (Holdings) (HKSE:06161) Cash-to-Debt : N/A (As of Jun. 2023)

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What is Target Insurance (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. Target Insurance (Holdings)'s cash to debt ratio for the quarter that ended in Jun. 2023 was N/A.

The historical rank and industry rank for Target Insurance (Holdings)'s Cash-to-Debt or its related term are showing as below:

During the past 10 years, Target Insurance (Holdings)'s highest Cash to Debt Ratio was No Debt. The lowest was 0.15. And the median was 7.01.

HKSE:06161's Cash-to-Debt is not ranked ^*
in the Insurance industry.
Industry Median: 1.83
* Ranked among companies with meaningful Cash-to-Debt only.

Target Insurance (Holdings) Cash-to-Debt Historical Data

The historical data trend for Target Insurance (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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Target Insurance (Holdings) Cash-to-Debt Chart

Target Insurance (Holdings) Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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3.71

8.98

5.64

0.15

0.10

Target Insurance (Holdings) Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Jun23
Cash-to-Debt	Get a 7-Day Free Trial														5.64	4.08	0.15	N/A	N/A

Competitive Comparison of Target Insurance (Holdings)'s Cash-to-Debt

For the Insurance - Property & Casualty subindustry, Target Insurance (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.

Target Insurance (Holdings)'s Cash-to-Debt Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Target Insurance (Holdings)'s Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Target Insurance (Holdings)'s Cash-to-Debt falls into.

Target Insurance (Holdings) 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.

Target Insurance (Holdings)'s Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	29.33	/	(0	+	281.946)
	=	0.10

Target Insurance (Holdings)'s Cash to Debt Ratio for the quarter that ended in Jun. 2023 is calculated as:

Do not have enough data to calculate Cash to Debt ratio.

Target Insurance (Holdings) (HKSE:06161) 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.

Target Insurance (Holdings) Cash-to-Debt Related Terms

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

Target Insurance (Holdings) (HKSE:06161) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Target Insurance (Holdings) Ltd (HKSE:06161) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

181 Queen’s Road Central, Grand Millennium Plaza, 5th Floor, Low Block, Hong Kong, HKG

Website

http://www.targetinsholdings.com

Target Insurance (Holdings) Ltd is an investment company based in Hong Kong. It is principally engaged in writing motor insurance. The company offers insurance for the taxi, public light bus, and other motor vehicles. Its operating segments are Taxi, Public Light Bus, Other motor vehicles. The company earns revenue in the form of insurance premiums, dividend income, interest income, and others. It generates all of its revenue from Hong Kong.

Target Insurance (Holdings) (HKSE:06161) Headlines

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