Top Wealth Group Holding (Top Wealth Group Holding) Cash-to-Debt : 0.27 (As of Jun. 2023)

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What is Top Wealth Group Holding 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. Top Wealth Group Holding's cash to debt ratio for the quarter that ended in Jun. 2023 was 0.27.

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, Top Wealth Group Holding couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

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

TWG' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.27 Max: 3.06
Current: 0.27

During the past 2 years, Top Wealth Group Holding's highest Cash to Debt Ratio was 3.06. The lowest was 0.04. And the median was 0.27.

TWG's Cash-to-Debt is ranked worse than
62.21% of 307 companies
in the Retail - Defensive industry
Industry Median: 0.45 vs TWG: 0.27

Top Wealth Group Holding Cash-to-Debt Historical Data

The historical data trend for Top Wealth Group Holding'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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Top Wealth Group Holding Cash-to-Debt Chart

Top Wealth Group Holding Annual Data

Trend

Dec21

Dec22

Cash-to-Debt

0.04

3.06

Top Wealth Group Holding Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23
Cash-to-Debt	0.04	N/A	3.06	0.27

Competitive Comparison of Top Wealth Group Holding's Cash-to-Debt

For the Food Distribution subindustry, Top Wealth Group Holding'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.

Top Wealth Group Holding's Cash-to-Debt Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Top Wealth Group Holding's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Top Wealth Group Holding's Cash-to-Debt falls into.

Top Wealth Group Holding 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.

Top Wealth Group Holding's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	0.217	/	(0.053	+	0.018)
	=	3.06

Top Wealth Group Holding'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)
	=	0.181	/	(0.669	+	0.008)
	=	0.27

Top Wealth Group Holding (NAS:TWG) 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.

Top Wealth Group Holding Cash-to-Debt Related Terms

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Top Wealth Group Holding (Top Wealth Group Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Top Wealth Group Holding Ltd (NAS:TWG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

118 Connaught Road West, 7F, Hong Kong Plaza, Units 714 & 715, Hong Kong, HKG

Website

https://www.imperialcristalcaviar.com

Top Wealth Group Holding Ltd is as supplier of caviar and offer caviar-based gourmet products. It is specialized in supplying high quality sturgeons caviar.

Top Wealth Group Holding (Top Wealth Group Holding) Headlines

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