Folangsi Co (HKSE:02499) Cash-to-Debt : 0.13 (As of Dec. 2023)

View and export this data going back to 2023. Start your Free Trial

What is Folangsi Co 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. Folangsi Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.13.

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, Folangsi Co 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 Folangsi Co's Cash-to-Debt or its related term are showing as below:

HKSE:02499' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09 Med: 0.11 Max: 0.18
Current: 0.13

During the past 4 years, Folangsi Co's highest Cash to Debt Ratio was 0.18. The lowest was 0.09. And the median was 0.11.

HKSE:02499's Cash-to-Debt is ranked worse than
80.68% of 207 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 0.58 vs HKSE:02499: 0.13

Folangsi Co Cash-to-Debt Historical Data

The historical data trend for Folangsi Co'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.

Folangsi Co Cash-to-Debt Chart

Folangsi Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.10

0.18

0.09

0.13

Folangsi Co Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23
Cash-to-Debt	0.10	0.18	0.09	0.13

Competitive Comparison of Folangsi Co's Cash-to-Debt

For the Farm & Heavy Construction Machinery subindustry, Folangsi Co'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.

Folangsi Co's Cash-to-Debt Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Folangsi Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Folangsi Co's Cash-to-Debt falls into.

Folangsi Co 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.

Folangsi Co'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)
	=	219.587	/	(708.774	+	1022.522)
	=	0.13

Folangsi Co'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)
	=	219.587	/	(708.774	+	1022.522)
	=	0.13

Folangsi Co (HKSE:02499) 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.

Folangsi Co Cash-to-Debt Related Terms

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

Folangsi Co (HKSE:02499) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Folangsi Co Ltd (HKSE:02499) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 999, Yayun Avenue, Shiqi Town, Panyu District, Guangdong, Guangzhou, CHN, 511440

Website

https://www.fls123.com

Folangsi Co Ltd is a leading intralogistics equipment solution provider in China. Focusing on intralogistics equipment subscription services, It strives to provide enterprises with one-stop solutions for intralogistics equipment utilization and management. It also has an established presence in the industry, providing services that span the entire lifecycle of intralogistics equipment, including equipment subscription, repair and maintenance, and disposal.

Folangsi Co (HKSE:02499) Headlines

No Headlines