Meilleure Health International Industry Group (HKSE:02327) Cash-to-Debt : 0.36 (As of Dec. 2023)

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What is Meilleure Health International Industry Group 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. Meilleure Health International Industry Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.36.

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, Meilleure Health International Industry Group 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 Meilleure Health International Industry Group's Cash-to-Debt or its related term are showing as below:

HKSE:02327' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.36 Med: 0.79 Max: 2.27
Current: 0.36

During the past 13 years, Meilleure Health International Industry Group's highest Cash to Debt Ratio was 2.27. The lowest was 0.36. And the median was 0.79.

HKSE:02327's Cash-to-Debt is ranked worse than
56% of 525 companies
in the Conglomerates industry
Industry Median: 0.47 vs HKSE:02327: 0.36

Meilleure Health International Industry Group Cash-to-Debt Historical Data

The historical data trend for Meilleure Health International Industry Group'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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Meilleure Health International Industry Group Cash-to-Debt Chart

Meilleure Health International Industry Group Annual Data

Trend

Mar14

Mar15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

1.34

1.82

2.27

0.85

0.36

Meilleure Health International Industry Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	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															2.27	0.62	0.85	0.29	0.36

Competitive Comparison of Meilleure Health International Industry Group's Cash-to-Debt

For the Conglomerates subindustry, Meilleure Health International Industry Group'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.

Meilleure Health International Industry Group's Cash-to-Debt Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Meilleure Health International Industry Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Meilleure Health International Industry Group's Cash-to-Debt falls into.

Meilleure Health International Industry Group 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.

Meilleure Health International Industry Group'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)
	=	106.309	/	(159.748	+	137.315)
	=	0.36

Meilleure Health International Industry Group'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)
	=	106.309	/	(159.748	+	137.315)
	=	0.36

Meilleure Health International Industry Group (HKSE:02327) 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.

Meilleure Health International Industry Group Cash-to-Debt Related Terms

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Meilleure Health International Industry Group (HKSE:02327) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Meilleure Health International Industry Group Ltd (HKSE:02327) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

89 Queensway, Unit 2906, Tower 1, Lippo Centre, Admiralty, Hong Kong, HKG

Website

http://www.meilleure.com.cn

Meilleure Health International Industry Group Ltd is an investment holding company principally engaged in the trading of healthcare products, chemical materials, and building materials. The company's operating segment includes Trading business; Agency service; Property development; Property investment and leasing; Healthcare related business and Industrial hemp business. The Trading business segment includes the trading of construction materials. Geographically, it derives a majority of revenue from PRC.

Executives

Shunda Investment Limited	2201 Interest of corporation controlled by you
Zhongjia U-home Investment Limited	2101 Beneficial owner
Zhou Xuzhou	2201 Interest of corporation controlled by you
Haitong Ut Leasing Hk Limited	2106 Person having a security interest in shares
U-home Group International Ltd
Haitong International Finance Company Limited

Meilleure Health International Industry Group (HKSE:02327) Headlines

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