Get Nice Holdings (HKSE:00064) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2023)

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What is Get Nice 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. Get Nice Holdings's cash to debt ratio for the quarter that ended in Sep. 2023 was No Debt ⁽¹⁾.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Get Nice Holdings could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

(1) 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.

The historical rank and industry rank for Get Nice Holdings's Cash-to-Debt or its related term are showing as below:

HKSE:00064' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.92 Med: 20.54 Max: No Debt
Current: 33.1

During the past 13 years, Get Nice Holdings's highest Cash to Debt Ratio was No Debt. The lowest was 1.92. And the median was 20.54.

HKSE:00064's Cash-to-Debt is ranked better than
75.6% of 791 companies
in the Capital Markets industry
Industry Median: 1.83 vs HKSE:00064: 33.10

Get Nice Holdings Cash-to-Debt Historical Data

The historical data trend for Get Nice 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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Get Nice Holdings Cash-to-Debt Chart

Get Nice Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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2.61

No Debt

672.01

21.84

31.67

Get Nice Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															19.24	21.84	25.73	31.67	No Debt

Competitive Comparison of Get Nice Holdings's Cash-to-Debt

For the Capital Markets subindustry, Get Nice 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.

Get Nice Holdings's Cash-to-Debt Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Get Nice Holdings's Cash-to-Debt distribution charts can be found below:

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

Get Nice 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.

Get Nice Holdings's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	2826.614	/	(89.263	+	0)
	=	31.67

Get Nice Holdings's Cash to Debt Ratio for the quarter that ended in Sep. 2023 is calculated as:

Get Nice Holdings had no debt ⁽¹⁾.

Get Nice Holdings (HKSE:00064) 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.

Get Nice Holdings Cash-to-Debt Related Terms

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Get Nice Holdings (HKSE:00064) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Get Nice Holdings Ltd (HKSE:00064) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

183 Queen's Road Central, Ground Floor to 3rd Floor, Cosco Tower, Grand Millennium Plaza, Hong Kong, HKG

Website

http://www.getnice.com.hk

Get Nice Holdings Ltd is a holding company and its principal business activities are money lending, property development and holding, investment in financial instruments, real estate brokerage, and the provision of financial services. The company manages its business in six segments namely Broking, Securities margin financing, Money lending, Corporate finance, asset management, and Investments. The company generates the majority of its revenue from the Securities margin financing segment.

Get Nice Holdings (HKSE:00064) Headlines

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Get Nice Holdings (HKSE:00064) Cash-to-Debt : No Debt (1) (As of Sep. 2023)