Luk Hing Entertainment Group Holdings (HKSE:08052) Cash-to-Debt : 0.04 (As of Dec. 2023)

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What is Luk Hing Entertainment Group 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. Luk Hing Entertainment Group Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.04.

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, Luk Hing Entertainment Group Holdings 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 Luk Hing Entertainment Group Holdings's Cash-to-Debt or its related term are showing as below:

HKSE:08052' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 35.81 Max: No Debt
Current: 0.04

During the past 10 years, Luk Hing Entertainment Group Holdings's highest Cash to Debt Ratio was No Debt. The lowest was 0.02. And the median was 35.81.

HKSE:08052's Cash-to-Debt is ranked worse than
90.75% of 822 companies
in the Travel & Leisure industry
Industry Median: 0.595 vs HKSE:08052: 0.04

Luk Hing Entertainment Group Holdings Cash-to-Debt Historical Data

The historical data trend for Luk Hing Entertainment Group 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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Luk Hing Entertainment Group Holdings Cash-to-Debt Chart

Luk Hing Entertainment Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.14

0.09

0.02

0.04

Luk Hing Entertainment Group Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.02	N/A	0.02	N/A	0.04

Competitive Comparison of Luk Hing Entertainment Group Holdings's Cash-to-Debt

For the Resorts & Casinos subindustry, Luk Hing Entertainment Group 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.

Luk Hing Entertainment Group Holdings's Cash-to-Debt Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Luk Hing Entertainment Group Holdings's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Luk Hing Entertainment Group Holdings's Cash-to-Debt falls into.

Luk Hing Entertainment Group 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.

Luk Hing Entertainment Group 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)
	=	0.846	/	(23.919	+	0)
	=	0.04

Luk Hing Entertainment Group 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)
	=	0.846	/	(23.919	+	0)
	=	0.04

Luk Hing Entertainment Group Holdings (HKSE:08052) 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.

Luk Hing Entertainment Group Holdings Cash-to-Debt Related Terms

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

Luk Hing Entertainment Group Holdings (HKSE:08052) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Luk Hing Entertainment Group Holdings Ltd (HKSE:08052) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

168-200 Connaught Road Central, Suite 1505, 15 Floor, Shun Tak Centre West Tower, Sheung Wan, Hong Kong, HKG

Website

https://www.lukhing.com

Luk Hing Entertainment Group Holdings Ltd is an investment holding company. It is engaged in the food and beverage and entertainment industry. The company's principal activities are the operation of clubs and restaurants, organizing music-related featured events as well as granting loans to entities in the food and beverage and entertainment industry. It generates its revenue in the form of sponsorship income, entrance fee income, loan interest income, and sale of food, beverage, and other products. Geographically, the company generates a majority of its revenue from Hong Kong and has a presence in China.

Executives

Restoran Oversea (cst) Sdn Bhd	2101 Beneficial owner
Au Ka Wai	2103 Interests held jointly with another person
Yeung Chi Shing	2201 Interest of corporation controlled by you
Welmen Investment Co. Ltd
Trendy Pleasure Limited
Lee Wan	2202 Interest of your spouse
Ocean Concept Holdings Limited
Perfect Succeed Limited
Toprich Investment (group) Limited
Yui Tak Investment Limited
Choi Yiu Ying	2101 Beneficial owner
Au Wai Pong Eric
Chan Ting Fai	2202 Interest of your spouse
Choi Siu Kit	2101 Beneficial owner
Poon Ching Tong Tommy	2101 Beneficial owner

Luk Hing Entertainment Group Holdings (HKSE:08052) Headlines

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