New Amante Group (HKSE:08412) Cash-to-Debt : 0.12 (As of Nov. 2023)

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What is New Amante Group 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. New Amante Group's cash to debt ratio for the quarter that ended in Nov. 2023 was 0.12.

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, New Amante Group couldn't pay off its debt using the cash in hand for the quarter that ended in Nov. 2023.

The historical rank and industry rank for New Amante Group's Cash-to-Debt or its related term are showing as below:

HKSE:08412' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05 Med: 0.4 Max: No Debt
Current: 0.12

During the past 9 years, New Amante Group's highest Cash to Debt Ratio was No Debt. The lowest was 0.05. And the median was 0.40.

HKSE:08412's Cash-to-Debt is ranked worse than
71.64% of 342 companies
in the Restaurants industry
Industry Median: 0.42 vs HKSE:08412: 0.12

New Amante Group Cash-to-Debt Historical Data

The historical data trend for New Amante Group'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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New Amante Group Cash-to-Debt Chart

New Amante Group Annual Data

Trend

May15

May16

May17

May18

May19

May20

May21

May22

May23

Cash-to-Debt

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0.91

0.14

0.05

0.06

0.44

New Amante Group Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Cash-to-Debt	Get a 7-Day Free Trial															0.10	N/A	0.44	N/A	0.12

Competitive Comparison of New Amante Group's Cash-to-Debt

For the Restaurants subindustry, New Amante Group'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.

New Amante Group's Cash-to-Debt Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, New Amante Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where New Amante Group's Cash-to-Debt falls into.

New Amante Group 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.

New Amante Group's Cash to Debt Ratio for the fiscal year that ended in May. 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)
	=	10.589	/	(16.389	+	7.741)
	=	0.44

New Amante Group's Cash to Debt Ratio for the quarter that ended in Nov. 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)
	=	2.88	/	(19.627	+	4.209)
	=	0.12

New Amante Group (HKSE:08412) 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.

New Amante Group Cash-to-Debt Related Terms

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New Amante Group (HKSE:08412) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » New Amante Group Ltd (HKSE:08412) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

60 Gloucester Road,, 25th Floor, China Huarong Tower, Wanchai, Hong Kong, HKG

Website

https://www.new-amante.com

New Amante Group Ltd is an investment holding company with its subsidiaries company principally engaged in the operation of club, entertainment, and Securities investment in Hong Kong.

Executives

Ho Chin Nang	2201 Interest of corporation controlled by you
Cheung Ka Kwan	2101 Beneficial owner
Yuan Lin	2101 Beneficial owner
Wang Ning	2101 Beneficial owner
Sze Ching Lau
Aplus Concept Limited
Louey Andrea Alice
Ng Shing Joe Kester

New Amante Group (HKSE:08412) Headlines

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