Steed Oriental (Holdings) Co (HKSE:08277) Cash-to-Debt : 0.01 (As of Sep. 2023)

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What is Steed Oriental (Holdings) Co 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. Steed Oriental (Holdings) Co's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.01.

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, Steed Oriental (Holdings) Co couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

The historical rank and industry rank for Steed Oriental (Holdings) Co's Cash-to-Debt or its related term are showing as below:

HKSE:08277' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.11 Max: 9.42
Current: 0.01

During the past 10 years, Steed Oriental (Holdings) Co's highest Cash to Debt Ratio was 9.42. The lowest was 0.00. And the median was 0.11.

HKSE:08277's Cash-to-Debt is ranked worse than
94.72% of 284 companies
in the Forest Products industry
Industry Median: 0.32 vs HKSE:08277: 0.01

Steed Oriental (Holdings) Co Cash-to-Debt Historical Data

The historical data trend for Steed Oriental (Holdings) Co'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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Steed Oriental (Holdings) Co Cash-to-Debt Chart

Steed Oriental (Holdings) Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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0.08

0.09

0.04

Steed Oriental (Holdings) Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															0.01	N/A	-	N/A	0.01

Competitive Comparison of Steed Oriental (Holdings) Co's Cash-to-Debt

For the Lumber & Wood Production subindustry, Steed Oriental (Holdings) Co'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.

Steed Oriental (Holdings) Co's Cash-to-Debt Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Steed Oriental (Holdings) Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Steed Oriental (Holdings) Co's Cash-to-Debt falls into.

Steed Oriental (Holdings) Co 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.

Steed Oriental (Holdings) Co'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)
	=	0.644	/	(170.205	+	0.216)
	=	0.00

Steed Oriental (Holdings) Co'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)
	=	0.735	/	(53.186	+	107.631)
	=	0.00

Steed Oriental (Holdings) Co (HKSE:08277) 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.

Steed Oriental (Holdings) Co Cash-to-Debt Related Terms

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Steed Oriental (Holdings) Co (HKSE:08277) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Steed Oriental (Holdings) Co Ltd (HKSE:08277) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 303 Hennessy Road, Room 2104, 21st Floor, OfficePlus @Wan Chai, Wanchai, Hong Kong, HKG

Website

http://www.steedoriental.com.hk

Steed Oriental (Holdings) Co Ltd is an investment holding company. The company is engaged in the sourcing, manufacturing, and sale of plywood products and other wooden products. It generates revenue from Sales of General plywood, Packing plywood, Structural panel, Floor base, Supplementary materials and others. Geographically, it derives a majority of its revenue from Japan and also has a presence in the PRC, Thailand, Hong Kong and other countries.

Executives

Sun Xue Song	2101 Beneficial owner
Xue Zhao Qiang	2101 Beneficial owner
Sun Xue Song	2101 Beneficial owner

Steed Oriental (Holdings) Co (HKSE:08277) Headlines

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