Hang Lung Properties (STU:AOP) Cash-to-Debt : 0.11 (As of Dec. 2023)

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What is Hang Lung Properties 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. Hang Lung Properties's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.11.

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, Hang Lung Properties 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 Hang Lung Properties's Cash-to-Debt or its related term are showing as below:

STU:AOP' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.11 Med: 0.28 Max: 1.14
Current: 0.11

During the past 13 years, Hang Lung Properties's highest Cash to Debt Ratio was 1.14. The lowest was 0.11. And the median was 0.28.

STU:AOP's Cash-to-Debt is ranked worse than
69.23% of 1794 companies
in the Real Estate industry
Industry Median: 0.26 vs STU:AOP: 0.11

Hang Lung Properties Cash-to-Debt Historical Data

The historical data trend for Hang Lung Properties'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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Hang Lung Properties Cash-to-Debt Chart

Hang Lung Properties Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.11

0.17

0.19

0.11

Hang Lung Properties 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	Get a 7-Day Free Trial															0.19	0.11	0.11	0.10	0.11

Competitive Comparison of Hang Lung Properties's Cash-to-Debt

For the Real Estate Services subindustry, Hang Lung Properties'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.

Hang Lung Properties's Cash-to-Debt Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Hang Lung Properties's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Hang Lung Properties's Cash-to-Debt falls into.

Hang Lung Properties 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.

Hang Lung Properties'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)
	=	628.414	/	(524.148	+	5461.984)
	=	0.10

Hang Lung Properties'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)
	=	628.414	/	(524.148	+	5461.984)
	=	0.10

Hang Lung Properties (STU:AOP) 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.

Hang Lung Properties Cash-to-Debt Related Terms

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

Hang Lung Properties (STU:AOP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Hang Lung Properties Ltd (STU:AOP) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

HLPPY:USA HLPPF:USA 00101:Hong Kong AOP:Germany

Address

4 Des Voeux Road Central, 28th Floor, Standard Chartered Bank Building, Hong Kong, HKG

Website

https://www.hanglung.com

Hung Lung Properties is the property arm of Hang Lung Group. The company primarily operates in Hong Kong and China where it develops and invests in a portfolio of commercial properties for rental income as well as develop residential properties for sale. Most of its revenue is generated in China where it focuses on retail malls in Tier 1 and 2 cities such as Shanghai, Wuxi, Hangzhou, Wuhan, Kunming Jinan, Dalian, Shenyang, and Tianjin. As such, investors view the company as a proxy for China's overall retail growth. The company is 59% owned by Hang Lung Group, and led by Ronnie Chan, who has been the chairman of the company since 1991.

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