Neo-Neon Holdings (HKSE:01868) Cash-to-Debt : 11.96 (As of Dec. 2023)

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What is Neo-Neon 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. Neo-Neon Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 11.96.

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, Neo-Neon Holdings 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 Neo-Neon Holdings's Cash-to-Debt or its related term are showing as below:

HKSE:01868' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.51 Med: 6.15 Max: 16.11
Current: 11.96

During the past 13 years, Neo-Neon Holdings's highest Cash to Debt Ratio was 16.11. The lowest was 0.51. And the median was 6.15.

HKSE:01868's Cash-to-Debt is ranked better than
78.7% of 3005 companies
in the Industrial Products industry
Industry Median: 1.18 vs HKSE:01868: 11.96

Neo-Neon Holdings Cash-to-Debt Historical Data

The historical data trend for Neo-Neon 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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Neo-Neon Holdings Cash-to-Debt Chart

Neo-Neon Holdings Annual Data

Trend

Mar14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.82

1.23

8.63

16.11

11.96

Neo-Neon Holdings Semi-Annual Data
	Mar14	Sep14	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															8.63	6.39	16.11	8.61	11.96

Competitive Comparison of Neo-Neon Holdings's Cash-to-Debt

For the Electrical Equipment & Parts subindustry, Neo-Neon 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.

Neo-Neon Holdings's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Neo-Neon Holdings's Cash-to-Debt distribution charts can be found below:

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

Neo-Neon 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.

Neo-Neon Holdings'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)
	=	562.736	/	(11.43	+	35.633)
	=	11.96

Neo-Neon Holdings'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)
	=	562.736	/	(11.43	+	35.633)
	=	11.96

Neo-Neon Holdings (HKSE:01868) 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.

Neo-Neon Holdings Cash-to-Debt Related Terms

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Neo-Neon Holdings (HKSE:01868) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Neo-Neon Holdings Ltd (HKSE:01868) » Definitions » Cash-to-Debt

Traded in Other Exchanges

911868:Taiwan

Address

188 Des Voeux Road Central, Unit 2101, 21st Floor, Golden Centre, Hong Kong, HKG

Website

http://www.neo-neon.com

Neo-Neon Holdings Ltd is a manufacturer and distributor of LED decorative lighting products. The company's product portfolio is divided into LED decorative lighting, Commercial lighting, Professional lighting, Professional architectural lighting, Industrial lighting, Landscape lighting, and other products. Its segments include the PRC lighting segment, which consists of research and development, manufacture of lighting products in China, and distribution of lighting products in China and overseas; and the USA lighting segment consists of the provision of lighting solutions and trading of lighting products in the USA. Its geographical segments include North America, which generates the vast majority of the company's revenue; Europe; The PRC; Asia (excluding the PRC); and Other countries.

Neo-Neon Holdings (HKSE:01868) Headlines

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