Kwoon Chung Bus Holdings (HKSE:00306) Cash-to-Debt : 0.24 (As of Sep. 2023)

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What is Kwoon Chung Bus 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. Kwoon Chung Bus Holdings's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.24.

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, Kwoon Chung Bus Holdings couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

HKSE:00306' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.15 Med: 0.28 Max: 0.53
Current: 0.24

During the past 13 years, Kwoon Chung Bus Holdings's highest Cash to Debt Ratio was 0.53. The lowest was 0.15. And the median was 0.28.

HKSE:00306's Cash-to-Debt is ranked worse than
67.7% of 969 companies
in the Transportation industry
Industry Median: 0.48 vs HKSE:00306: 0.24

Kwoon Chung Bus Holdings Cash-to-Debt Historical Data

The historical data trend for Kwoon Chung Bus 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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Kwoon Chung Bus Holdings Cash-to-Debt Chart

Kwoon Chung Bus Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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0.15

0.20

0.25

0.31

0.28

Kwoon Chung Bus 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															0.28	0.31	0.31	0.28	0.24

Competitive Comparison of Kwoon Chung Bus Holdings's Cash-to-Debt

For the Railroads subindustry, Kwoon Chung Bus 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.

Kwoon Chung Bus Holdings's Cash-to-Debt Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Kwoon Chung Bus Holdings's Cash-to-Debt distribution charts can be found below:

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

Kwoon Chung Bus 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.

Kwoon Chung Bus 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)
	=	499.15	/	(341.771	+	1473.615)
	=	0.27

Kwoon Chung Bus Holdings's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	404.829	/	(1567.847	+	130.289)
	=	0.24

Kwoon Chung Bus Holdings (HKSE:00306) 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.

Kwoon Chung Bus Holdings Cash-to-Debt Related Terms

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Kwoon Chung Bus Holdings (HKSE:00306) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Kwoon Chung Bus Holdings Ltd (HKSE:00306) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Chong Fu Road, 3rd Floor, Chai Wan, Hong Kong, HKG

Website

https://www.kcbh.com.hk

Kwoon Chung Bus Holdings Ltd is engaged in transportation businesses. The company's operating segment includes a Non-franchised Bus; Limousine; Franchised Bus and PLB; Mainland China Business and Others. It generates maximum revenue from the Non-franchised bus segment. The Non-franchised bus segment includes the provision of non-franchised bus hire services in Hong Kong, cross-boundary passenger transportation services (other than limousine hire services) between Hong Kong and Mainland China, and other related services.

Kwoon Chung Bus Holdings (HKSE:00306) Headlines

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