Eco-Tek Holdings (HKSE:08169) Cash-to-Debt : 2.62 (As of Oct. 2023)

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What is Eco-Tek 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. Eco-Tek Holdings's cash to debt ratio for the quarter that ended in Oct. 2023 was 2.62.

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, Eco-Tek Holdings could pay off its debt using the cash in hand for the quarter that ended in Oct. 2023.

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

HKSE:08169' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.96 Med: 2.14 Max: 4.39
Current: 2.62

During the past 13 years, Eco-Tek Holdings's highest Cash to Debt Ratio was 4.39. The lowest was 0.96. And the median was 2.14.

HKSE:08169's Cash-to-Debt is ranked better than
64% of 3000 companies
in the Industrial Products industry
Industry Median: 1.18 vs HKSE:08169: 2.62

Eco-Tek Holdings Cash-to-Debt Historical Data

The historical data trend for Eco-Tek 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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Eco-Tek Holdings Cash-to-Debt Chart

Eco-Tek Holdings Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Cash-to-Debt

Get a 7-Day Free Trial

4.08

3.62

4.39

2.50

2.62

Eco-Tek Holdings Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Cash-to-Debt	Get a 7-Day Free Trial															2.50	N/A	3.21	N/A	2.62

Competitive Comparison of Eco-Tek Holdings's Cash-to-Debt

For the Pollution & Treatment Controls subindustry, Eco-Tek 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.

Eco-Tek Holdings's Cash-to-Debt Distribution in the Industrial Products Industry

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

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

Eco-Tek 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.

Eco-Tek Holdings's Cash to Debt Ratio for the fiscal year that ended in Oct. 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)
	=	41.485	/	(2.575	+	13.276)
	=	2.62

Eco-Tek Holdings's Cash to Debt Ratio for the quarter that ended in Oct. 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)
	=	41.485	/	(2.575	+	13.276)
	=	2.62

Eco-Tek Holdings (HKSE:08169) 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.

Eco-Tek Holdings Cash-to-Debt Related Terms

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Eco-Tek Holdings (HKSE:08169) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Eco-Tek Holdings Ltd (HKSE:08169) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

20 Westlands Road, Unit 2, 9/F, Westlands Centre, Quarry Bay, Hong Kong, HKG

Website

http://www.eco-tek.com.hk

Eco-Tek Holdings Ltd and its subsidiaries are principally involved in the marketing, sales, servicing, research, and development of environmental protection-related products and services. The company operates in two segments: Environment-friendly products and Water supply plants. The environment-friendly products segment, which accounts for the majority of revenue is into the sale of general & industrial environment-friendly products, components, and other related accessories. Its geographical segments are Hong Kong, PRC, and others, of which the vast majority of revenue comes from the PRC.

Eco-Tek Holdings (HKSE:08169) Headlines

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