Midea Real Estate Holding (HKSE:03990) Cash-to-Debt : 0.46 (As of Dec. 2023)

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What is Midea Real Estate Holding 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. Midea Real Estate Holding's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.46.

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, Midea Real Estate Holding 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 Midea Real Estate Holding's Cash-to-Debt or its related term are showing as below:

HKSE:03990' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.34 Med: 0.4 Max: 0.53
Current: 0.46

During the past 9 years, Midea Real Estate Holding's highest Cash to Debt Ratio was 0.53. The lowest was 0.34. And the median was 0.40.

HKSE:03990's Cash-to-Debt is ranked better than
63.32% of 1794 companies
in the Real Estate industry
Industry Median: 0.255 vs HKSE:03990: 0.46

Midea Real Estate Holding Cash-to-Debt Historical Data

The historical data trend for Midea Real Estate Holding'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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Midea Real Estate Holding Cash-to-Debt Chart

Midea Real Estate Holding Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.39

0.34

0.47

0.45

0.46

Midea Real Estate Holding Semi-Annual Data
	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial										0.47	0.44	0.45	0.43	0.46

Competitive Comparison of Midea Real Estate Holding's Cash-to-Debt

For the Real Estate Services subindustry, Midea Real Estate Holding'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.

Midea Real Estate Holding's Cash-to-Debt Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Midea Real Estate Holding's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Midea Real Estate Holding's Cash-to-Debt falls into.

Midea Real Estate Holding 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.

Midea Real Estate Holding'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)
	=	19308.556	/	(13440.722	+	28305.637)
	=	0.46

Midea Real Estate Holding'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)
	=	19308.556	/	(13440.722	+	28305.637)
	=	0.46

Midea Real Estate Holding (HKSE:03990) 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.

Midea Real Estate Holding Cash-to-Debt Related Terms

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

Midea Real Estate Holding (HKSE:03990) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Midea Real Estate Holding Ltd (HKSE:03990) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

MR9:Germany

Address

No.1 Chengde Road, 34th Floor, Tower 4, Midea Real Estate Plaza, Shunde District, Guangdong Province, Foshan, CHN, 528311

Website

https://www.mideadc.com

Midea Real Estate Holding Ltd is a real estate development company that offers real estate services. It operates through three principal business segments: Property development and sales; Property management services; and Investment and operation of commercial properties. Property development and sales generates most of the revenue.

Midea Real Estate Holding (HKSE:03990) Headlines

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