Wing Chi Holdings (HKSE:06080) Cash-to-Debt : 3.18 (As of Sep. 2023)

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What is Wing Chi 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. Wing Chi Holdings's cash to debt ratio for the quarter that ended in Sep. 2023 was 3.18.

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

HKSE:06080' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.79 Med: 3.74 Max: 13.19
Current: 3.18

During the past 9 years, Wing Chi Holdings's highest Cash to Debt Ratio was 13.19. The lowest was 0.79. And the median was 3.74.

HKSE:06080's Cash-to-Debt is ranked better than
75.89% of 1655 companies
in the Construction industry
Industry Median: 0.62 vs HKSE:06080: 3.18

Wing Chi Holdings Cash-to-Debt Historical Data

The historical data trend for Wing Chi 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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Wing Chi Holdings Cash-to-Debt Chart

Wing Chi Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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8.86

9.95

4.60

3.10

2.24

Wing Chi Holdings Semi-Annual Data
	Mar15	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												5.95	3.10	2.31	2.24	3.18

Competitive Comparison of Wing Chi Holdings's Cash-to-Debt

For the Engineering & Construction subindustry, Wing Chi 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.

Wing Chi Holdings's Cash-to-Debt Distribution in the Construction Industry

For the Construction industry and Industrials sector, Wing Chi Holdings's Cash-to-Debt distribution charts can be found below:

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

Wing Chi 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.

Wing Chi 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)
	=	45.584	/	(9.499	+	10.871)
	=	2.24

Wing Chi 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)
	=	54.879	/	(9.79	+	7.452)
	=	3.18

Wing Chi Holdings (HKSE:06080) 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.

Wing Chi Holdings Cash-to-Debt Related Terms

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Wing Chi Holdings (HKSE:06080) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Wing Chi Holdings Ltd (HKSE:06080) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

9 Hoi Shing Road, Room 3010, 30th Floor, Cable TV Tower, Tsuen Wan, New Territories, Hong Kong, HKG

Website

http://www.wingchiholdings.com

Wing Chi Holdings Ltd is an Hong Kong-based investment holding company. Along with its subsidiaries, the corporation is principally engaged in the provision of foundation and site formation works and machinery leasing. All of the group's operations are located in Hong Kong.

Executives

Great Pride Global Limited
Yam Yuen Nina	2201 Interest of corporation controlled by you
Colourfield Global Limited	2101 Beneficial owner
Chau Man Chun	2202 Interest of your spouse
Li Cheuk Kam	2201 Interest of corporation controlled by you

Wing Chi Holdings (HKSE:06080) Headlines

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