Best Linking Group Holdings (HKSE:09882) Cash-to-Debt : 584.26 (As of Jun. 2023)

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What is Best Linking 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. Best Linking Group Holdings's cash to debt ratio for the quarter that ended in Jun. 2023 was 584.26.

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, Best Linking Group Holdings could pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

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

HKSE:09882' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.4 Med: 18.06 Max: 713.76
Current: 6.47

During the past 7 years, Best Linking Group Holdings's highest Cash to Debt Ratio was 713.76. The lowest was 2.40. And the median was 18.06.

HKSE:09882's Cash-to-Debt is ranked better than
74.1% of 3000 companies
in the Industrial Products industry
Industry Median: 1.18 vs HKSE:09882: 6.47

Best Linking Group Holdings Cash-to-Debt Historical Data

The historical data trend for Best Linking 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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Best Linking Group Holdings Cash-to-Debt Chart

Best Linking Group Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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18.06

239.61

713.76

283.35

6.47

Best Linking Group Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															N/A	283.35	N/A	584.26	6.47

Competitive Comparison of Best Linking Group Holdings's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Best Linking 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.

Best Linking Group Holdings's Cash-to-Debt Distribution in the Industrial Products Industry

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

* The bar in red indicates where Best Linking Group Holdings's Cash-to-Debt falls into.

Best Linking 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.

Best Linking 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)
	=	54.891	/	(8.336	+	0.148)
	=	6.47

Best Linking Group Holdings's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	75.954	/	(0.103	+	0.027)
	=	584.26

Best Linking Group Holdings (HKSE:09882) 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.

Best Linking Group Holdings Cash-to-Debt Related Terms

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Best Linking Group Holdings (HKSE:09882) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Best Linking Group Holdings Ltd (HKSE:09882) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 6 Gongye 2nd Cross Road, Tutang 2nd Industrial Zone, Changping, Guangdong, Dongguan, CHN

Website

https://www.blg.hk

Best Linking Group Holdings Ltd is a slewing ring manufacturer in China. These slewing rings have applications in the areas of construction machinery and equipment, wind turbines, military equipment, and robotics. Geographically, it derives a majority of its revenue from Singapore and also has a presence in Malaysia, Hong Kong, Japan, United States, China, Taiwan, Canada, Northern Island, Thailand, and other countries.

Best Linking Group Holdings (HKSE:09882) Headlines

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