Gilston Group (HKSE:02011) Cash-to-Debt : 0.44 (As of Dec. 2023)

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What is Gilston Group 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. Gilston Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.44.

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, Gilston Group couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

HKSE:02011' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.44 Med: 2.19 Max: No Debt
Current: 0.44

During the past 13 years, Gilston Group's highest Cash to Debt Ratio was No Debt. The lowest was 0.44. And the median was 2.19.

HKSE:02011's Cash-to-Debt is ranked worse than
52.43% of 1028 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.49 vs HKSE:02011: 0.44

Gilston Group Cash-to-Debt Historical Data

The historical data trend for Gilston Group'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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Gilston Group Cash-to-Debt Chart

Gilston Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

2.14

0.95

1.19

1.47

0.44

Gilston Group Semi-Annual Data
	Jun14	Dec14	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															1.19	0.74	1.47	2.17	0.44

Competitive Comparison of Gilston Group's Cash-to-Debt

For the Apparel Manufacturing subindustry, Gilston Group'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.

Gilston Group's Cash-to-Debt Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Gilston Group's Cash-to-Debt distribution charts can be found below:

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

Gilston Group 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.

Gilston Group'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)
	=	31.577	/	(15.556	+	56.453)
	=	0.44

Gilston Group'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)
	=	31.577	/	(15.556	+	56.453)
	=	0.44

Gilston Group (HKSE:02011) 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.

Gilston Group Cash-to-Debt Related Terms

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

Gilston Group (HKSE:02011) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Gilston Group Ltd (HKSE:02011) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Nine Queen’s Road Central, Suite 10A and 10B, 15th Floor, Central, Hong Kong, HKG

Website

https://www.irasia.com/listco/hk/chinaapex/index.h

China Apex Group Ltd is an investment holding company. The principal activities of the company consist of designing, manufacturing, and sale of Finished zippers and sliders, and other products. The company's segment consists of Zippers (Mainland China); and Zippers (Overseas). The majority of the revenue is derived from the Zippers (Mainland China) segment that manufactures zippers products and mainly sells to customers in Mainland China. Its activities are mainly carried out in Guangdong, Zhejiang, and Jingmen.

Executives

China Sun Corporation	2101 Beneficial owner
Qiu Chuanzhi	2201 Interest of corporation controlled by you
Central Eagle Limited	2101 Beneficial owner
Wu Jingming	2201 Interest of corporation controlled by you
Chan Ho Yin	2501 Other
Li Kin Long Kenny	2501 Other
Yip Siu Lun Dave	2101 Beneficial owner
Golden Diamond Inc.	2101 Beneficial owner
Lin Ping	2201 Interest of corporation controlled by you
Mak Yung Pan Andrew	2201 Interest of corporation controlled by you
Zhuang Weidong	2201 Interest of corporation controlled by you
Zhong Guo Hua Rong Zi Chan Guan Li Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Farco Holdings Limited	2101 Beneficial owner
Qi Wei	2201 Interest of corporation controlled by you

Gilston Group (HKSE:02011) Headlines

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