AP Rentals Holdings (HKSE:01496) Cash-to-Debt : 2.00 (As of Sep. 2023)

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What is AP Rentals 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. AP Rentals Holdings's cash to debt ratio for the quarter that ended in Sep. 2023 was 2.00.

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, AP Rentals Holdings could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

HKSE:01496' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.29 Med: 1.8 Max: 5.51
Current: 2

During the past 9 years, AP Rentals Holdings's highest Cash to Debt Ratio was 5.51. The lowest was 0.29. And the median was 1.80.

HKSE:01496's Cash-to-Debt is ranked better than
60.89% of 1061 companies
in the Business Services industry
Industry Median: 1.01 vs HKSE:01496: 2.00

AP Rentals Holdings Cash-to-Debt Historical Data

The historical data trend for AP Rentals 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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AP Rentals Holdings Cash-to-Debt Chart

AP Rentals Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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2.97

0.86

2.13

1.64

1.76

AP Rentals Holdings Semi-Annual Data
	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													2.37	1.64	1.92	1.76	2.00

Competitive Comparison of AP Rentals Holdings's Cash-to-Debt

For the Rental & Leasing Services subindustry, AP Rentals 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.

AP Rentals Holdings's Cash-to-Debt Distribution in the Business Services Industry

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

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

AP Rentals 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.

AP Rentals 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)
	=	74.559	/	(37.102	+	5.239)
	=	1.76

AP Rentals 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)
	=	78.741	/	(36.863	+	2.566)
	=	2.00

AP Rentals Holdings (HKSE:01496) 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.

AP Rentals Holdings Cash-to-Debt Related Terms

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

AP Rentals Holdings (HKSE:01496) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » AP Rentals Holdings Ltd (HKSE:01496) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 75, Mody Road, Unit 806A, 8th Floor, Tower II, South Seas Centre, Kowloon, Hong Kong, HKG

Website

https://www.aprentalshk.com

AP Rentals Holdings Ltd operates as an equipment rental service company in Hong Kong. The company's operating segment includes Leasing and Trading. where the leasing segment is engaged in the leasing of machinery, lease-related operating service, repair and maintenance service, delivery service, and installation service, and the trading segment includes sales of machinery and parts. The company generates maximum revenue from the Leasing segment. Geographically, the company derives the majority of its revenue from Hong Kong and has a presence in Macau, PRC, and Singapore.

AP Rentals Holdings (HKSE:01496) Headlines

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