Labixiaoxin Snacks Group (HKSE:01262) Cash-to-Debt : 0.10 (As of Dec. 2023)

View and export this data going back to 2011. Start your Free Trial

What is Labixiaoxin Snacks 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. Labixiaoxin Snacks Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.10.

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, Labixiaoxin Snacks Group couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

HKSE:01262' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.14 Max: 3.57
Current: 0.1

During the past 13 years, Labixiaoxin Snacks Group's highest Cash to Debt Ratio was 3.57. The lowest was 0.04. And the median was 0.14.

HKSE:01262's Cash-to-Debt is ranked worse than
80.7% of 1855 companies
in the Consumer Packaged Goods industry
Industry Median: 0.53 vs HKSE:01262: 0.10

Labixiaoxin Snacks Group Cash-to-Debt Historical Data

The historical data trend for Labixiaoxin Snacks 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.

* Premium members only.

Labixiaoxin Snacks Group Cash-to-Debt Chart

Labixiaoxin Snacks Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.04

0.38

0.14

0.10

Labixiaoxin Snacks Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.14	0.16	0.14	0.14	0.10

Competitive Comparison of Labixiaoxin Snacks Group's Cash-to-Debt

For the Packaged Foods subindustry, Labixiaoxin Snacks 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.

Labixiaoxin Snacks Group's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Labixiaoxin Snacks Group's Cash-to-Debt distribution charts can be found below:

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

Labixiaoxin Snacks 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.

Labixiaoxin Snacks Group'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)
	=	48.475	/	(493.591	+	0)
	=	0.10

Labixiaoxin Snacks Group's Cash to Debt Ratio for the quarter 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)
	=	48.475	/	(493.591	+	0)
	=	0.10

Labixiaoxin Snacks Group (HKSE:01262) 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.

Labixiaoxin Snacks Group Cash-to-Debt Related Terms

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

Labixiaoxin Snacks Group (HKSE:01262) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Labixiaoxin Snacks Group Ltd (HKSE:01262) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Wuli Industrial Area, Fujian, Jinjiang, CHN

Website

https://www.lbxxgroup.com

Labixiaoxin Snacks Group Ltd is a China-based investment holding company principally engaged in the manufacturing and sales of snack products. The company operates through four business segments: Jelly Products, Confectionery Products, Beverages Products, and Other Snacks Products. The company's maximum earning segment is Jelly products segment which include jelly snacks and jelly beverages. It also markets other products, such as powdered milk tea. All of its operations are conducted in the PRC.

Labixiaoxin Snacks Group (HKSE:01262) Headlines

No Headlines