Great China Holdings (Hong Kong) (HKSE:00021) Cash-to-Debt : 0.67 (As of Dec. 2023)

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What is Great China Holdings (Hong Kong) 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. Great China Holdings (Hong Kong)'s cash to debt ratio for the quarter that ended in Dec. 2023 was 0.67.

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, Great China Holdings (Hong Kong) 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 Great China Holdings (Hong Kong)'s Cash-to-Debt or its related term are showing as below:

HKSE:00021' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.14 Med: 0.73 Max: No Debt
Current: 0.67

During the past 13 years, Great China Holdings (Hong Kong)'s highest Cash to Debt Ratio was No Debt. The lowest was 0.14. And the median was 0.73.

HKSE:00021's Cash-to-Debt is ranked better than
68.27% of 1793 companies
in the Real Estate industry
Industry Median: 0.25 vs HKSE:00021: 0.67

Great China Holdings (Hong Kong) Cash-to-Debt Historical Data

The historical data trend for Great China Holdings (Hong Kong)'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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Great China Holdings (Hong Kong) Cash-to-Debt Chart

Great China Holdings (Hong Kong) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.26

0.52

0.78

0.31

0.67

Great China Holdings (Hong Kong) 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															0.78	97.94	0.31	1.51	0.67

Competitive Comparison of Great China Holdings (Hong Kong)'s Cash-to-Debt

For the Real Estate Services subindustry, Great China Holdings (Hong Kong)'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.

Great China Holdings (Hong Kong)'s Cash-to-Debt Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Great China Holdings (Hong Kong)'s Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Great China Holdings (Hong Kong)'s Cash-to-Debt falls into.

Great China Holdings (Hong Kong) 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.

Great China Holdings (Hong Kong)'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)
	=	15.051	/	(22.405	+	0)
	=	0.67

Great China Holdings (Hong Kong)'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)
	=	15.051	/	(22.405	+	0)
	=	0.67

Great China Holdings (Hong Kong) (HKSE:00021) 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.

Great China Holdings (Hong Kong) Cash-to-Debt Related Terms

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

Great China Holdings (Hong Kong) (HKSE:00021) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Great China Holdings (Hong Kong) Ltd (HKSE:00021) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Central Plaza, 18 Harbour Road, Suite 6403A-4, 64th Floor, Wanchai, Hong Kong, HKG

Website

http://www.greatchinaproperties.com

Great China Holdings (Hong Kong) Ltd formerly Great China Properties Holdings Ltd is engaged in real estate development and management. It projects of the company include the gold coast project, the tanghai county project, the daya bay project, the jin bao cheng project, the hong hai bay project, and the Heqing project. It has a single reportable segment based on the location of the operations, which is a property development and investment located in the PRC. The firm generates its revenue from the sale and management of properties.

Great China Holdings (Hong Kong) (HKSE:00021) Headlines

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