WANG & LEE Group (WANG & LEE Group) Cash-to-Debt : 6.07 (As of Jun. 2023)

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What is WANG & LEE 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. WANG & LEE Group's cash to debt ratio for the quarter that ended in Jun. 2023 was 6.07.

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, WANG & LEE Group 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 WANG & LEE Group's Cash-to-Debt or its related term are showing as below:

WLGS' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.53 Max: 6.07
Current: 2.67

During the past 4 years, WANG & LEE Group's highest Cash to Debt Ratio was 6.07. The lowest was 0.02. And the median was 0.53.

WLGS's Cash-to-Debt is ranked better than
73.97% of 1675 companies
in the Construction industry
Industry Median: 0.63 vs WLGS: 2.67

WANG & LEE Group Cash-to-Debt Historical Data

The historical data trend for WANG & LEE 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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WANG & LEE Group Cash-to-Debt Chart

WANG & LEE Group Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.02

0.53

0.55

2.67

WANG & LEE Group Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			0.53	0.22	0.55	6.07	2.67

Competitive Comparison of WANG & LEE Group's Cash-to-Debt

For the Engineering & Construction subindustry, WANG & LEE 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.

WANG & LEE Group's Cash-to-Debt Distribution in the Construction Industry

For the Construction industry and Industrials sector, WANG & LEE Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where WANG & LEE Group's Cash-to-Debt falls into.

WANG & LEE 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.

WANG & LEE Group'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)
	=	0.61	/	(0.455	+	0.653)
	=	0.55

WANG & LEE Group'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)
	=	7.416	/	(0.579	+	0.642)
	=	6.07

WANG & LEE Group (NAS:WLGS) 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.

WANG & LEE Group Cash-to-Debt Related Terms

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WANG & LEE Group (WANG & LEE Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » WANG & LEE Group Inc (NAS:WLGS) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Tai Yip Street, 5th Floor, Wing Tai Factory Building, Kwun Tong, Kowloon, Hong Kong, HKG

Website

http://www.wangnlee.com.hk

WANG & LEE Group Inc operates as an investment holding company. The firm conducts its primary operations through its indirectly wholly owned subsidiary WANG and LEE CONTRACTING LIMITED (WLHK). WLHK provides contract engineering, installation, and out-fitting of the following products and services: low voltage (220v/phase 1 or 380v/phase 3) electrical systems, mechanical ventilation and air-conditioning systems (MVAC), fire safety systems, and water supply and sewage disposal systems.

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