CLP Holdings (CLP Holdings) Cash-to-Debt

: 0.09 (As of Dec. 2023)

View and export this data going back to . Start your Free Trial

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. CLP Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.09.

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

CLPHF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.11 Max: 0.21
Current: 0.09

During the past 13 years, CLP Holdings's highest Cash to Debt Ratio was 0.21. The lowest was 0.06. And the median was 0.11.

CLPHF's Cash-to-Debt is ranked worse than
73.32% of 491 companies
in the Utilities - Regulated industry
Industry Median: 0.26 vs CLPHF: 0.09

CLP Holdings Cash-to-Debt Historical Data

The historical data trend for CLP 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.

* Premium members only.

CLP Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.15

0.21

0.14

0.07

0.09

CLP Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt																0.14	0.06	0.07	0.04	0.09

Competitive Comparison

For the Utilities - Regulated Electric subindustry, CLP 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.

CLP Holdings Cash-to-Debt Distribution

For the Utilities - Regulated industry and Utilities sector, CLP Holdings's Cash-to-Debt distribution charts can be found below:

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

CLP 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.

CLP 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)
	=	664.294	/	(1635.381	+	5754.693)
	=	0.09

CLP 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)
	=	664.294	/	(1635.381	+	5754.693)
	=	0.09

CLP Holdings (OTCPK:CLPHF) 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.

CLP Holdings Cash-to-Debt Related Terms

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

CLP Holdings (CLP Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » CLP Holdings Ltd (OTCPK:CLPHF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CLPHY:USA 00002:Hong Kong CLP:Germany

Address

8 Laguna Verde Avenue, Hung Hom, Kowloon, Hong Kong, HKG

Website

https://www.clpgroup.com

CLP Holdings is the larger of the two electric utility companies in Hong Kong, serving 80% of the city population. It generates, transmits and distributes electricity to about 2.6 million customers in Kowloon and the New Territories through its wholly owned network. The business is regulated by the Hong Kong government with a permitted return on net fixed asset of 8.00%. Besides Hong Kong, the company has expanded its reach overseas, with generation and retail assets in Australia and generation assets in China, India, Taiwan, and Southeast Asia. Its Hong Kong activities made up more than 80% of recurring net profit in 2021.

CLP Holdings (CLP Holdings) Headlines

From GuruFocus

CLP Holdings Ltd's Dividend Analysis

By GuruFocus Research • 12-04-2023