China Partytime Culture Holdings (HKSE:01532) Cash-to-Debt : 1.98 (As of Jun. 2024)

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What is China Partytime Culture 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. China Partytime Culture Holdings's cash to debt ratio for the quarter that ended in Jun. 2024 was 1.98.

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, China Partytime Culture Holdings could pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

The historical rank and industry rank for China Partytime Culture Holdings's Cash-to-Debt or its related term are showing as below:

HKSE:01532' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.55 Med: 0.99 Max: 9.84
Current: 1.98

During the past 12 years, China Partytime Culture Holdings's highest Cash to Debt Ratio was 9.84. The lowest was 0.55. And the median was 0.99.

HKSE:01532's Cash-to-Debt is ranked better than
72.85% of 998 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.465 vs HKSE:01532: 1.98

China Partytime Culture Holdings Cash-to-Debt Historical Data

The historical data trend for China Partytime Culture 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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China Partytime Culture Holdings Cash-to-Debt Chart

China Partytime Culture Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.81

0.55

0.99

0.61

5.97

China Partytime Culture Holdings Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial															0.69	0.61	1.39	5.97	1.98

Competitive Comparison of China Partytime Culture Holdings's Cash-to-Debt

For the Apparel Manufacturing subindustry, China Partytime Culture 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.

China Partytime Culture Holdings's Cash-to-Debt Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, China Partytime Culture Holdings's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where China Partytime Culture Holdings's Cash-to-Debt falls into.

China Partytime Culture 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.

China Partytime Culture 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)
	=	53.421	/	(8.947	+	0)
	=	5.97

China Partytime Culture Holdings's Cash to Debt Ratio for the quarter that ended in Jun. 2024 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)
	=	38.337	/	(19.378	+	0)
	=	1.98

China Partytime Culture Holdings (HKSE:01532) 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.

China Partytime Culture Holdings Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of China Partytime Culture Holdings's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

China Partytime Culture Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » China Partytime Culture Holdings Ltd (HKSE:01532) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.3 Chunchao Road, Yichun Economic and Technological Development Zone, Jiangxi Province, Yichun, CHN

Website

http://www.partytime.com.cn

China Partytime Culture Holdings Ltd is an investment company. It is engaged in the design, development, production, selling, and marketing of cosplay products (including cosplay costumes and cosplay wigs) and non-cosplay apparel which include mainly sexy lingerie. The operating segments of the group are Wigs; Clothing and others, including cosplay costumes, sexy lingerie, and others; and the Leasing of factory premises involving self-owned or held under leasehold interest. The group derives revenue from the PRC, the U.S., Germany, the U.K., Australia, Holland, Japan and other countries.

Executives

Master Professional Holdings Limited	2101 Beneficial owner
Li Bin	2101 Beneficial owner
Feng Xianhua	2101 Beneficial owner
Chen Shucai	2201 Interest of corporation controlled by you
Ye Wanhong	2201 Interest of corporation controlled by you
Lam Shek Sun	2101 Beneficial owner
Ng Ting Wai	2101 Beneficial owner

China Partytime Culture Holdings Headlines

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