Raffles Interior (HKSE:01376) Cash-to-Debt : 8.50 (As of Dec. 2023)

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What is Raffles Interior 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. Raffles Interior's cash to debt ratio for the quarter that ended in Dec. 2023 was 8.50.

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, Raffles Interior could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

HKSE:01376' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.41 Med: 0.85 Max: 8.5
Current: 8.5

During the past 7 years, Raffles Interior's highest Cash to Debt Ratio was 8.50. The lowest was 0.41. And the median was 0.85.

HKSE:01376's Cash-to-Debt is ranked better than
78.17% of 1040 companies
in the Business Services industry
Industry Median: 0.985 vs HKSE:01376: 8.50

Raffles Interior Cash-to-Debt Historical Data

The historical data trend for Raffles Interior'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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Raffles Interior Cash-to-Debt Chart

Raffles Interior Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.44

1.24

0.85

0.54

8.50

Raffles Interior Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial							0.85	0.86	0.54	2.38	8.50

Competitive Comparison of Raffles Interior's Cash-to-Debt

For the Consulting Services subindustry, Raffles Interior'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.

Raffles Interior's Cash-to-Debt Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Raffles Interior's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Raffles Interior's Cash-to-Debt falls into.

Raffles Interior 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.

Raffles Interior'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)
	=	99.55	/	(7.094	+	4.614)
	=	8.50

Raffles Interior'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)
	=	99.55	/	(7.094	+	4.614)
	=	8.50

Raffles Interior (HKSE:01376) 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.

Raffles Interior Cash-to-Debt Related Terms

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

Raffles Interior (HKSE:01376) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Raffles Interior Ltd (HKSE:01376) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

59 Sungei Kadut Loop, Singapore, SGP, 729490

Website

http://www.rafflesinterior.com

Raffles Interior Ltd is a Singapore-based investment holding company. The company is principally engaged in the provision of interior fitting-out services. The company's fitting-out services include project management and construction management of the interior fitting-out project, construction and installation of interior fitting-out works, customizing, manufacturing and supply of carpentry/joinery and integral fixtures, and maintenance of the projects that it undertakes on an ad-hoc basis. The company derives its revenue from projects involving fitting-out works for office space in Singapore.

Raffles Interior (HKSE:01376) Headlines

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