Ningbo Fujia Industrial Co (SHSE:603219) Cash-to-Debt : 5.55 (As of Mar. 2024)

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What is Ningbo Fujia Industrial 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. Ningbo Fujia Industrial Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 5.55.

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, Ningbo Fujia Industrial Co could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Ningbo Fujia Industrial Co's Cash-to-Debt or its related term are showing as below:

SHSE:603219' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.29 Med: 1.54 Max: 8.36
Current: 5.55

During the past 7 years, Ningbo Fujia Industrial Co's highest Cash to Debt Ratio was 8.36. The lowest was 0.29. And the median was 1.54.

SHSE:603219's Cash-to-Debt is ranked better than
77.13% of 411 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.95 vs SHSE:603219: 5.55

Ningbo Fujia Industrial Co Cash-to-Debt Historical Data

The historical data trend for Ningbo Fujia Industrial 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.

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Ningbo Fujia Industrial Co Cash-to-Debt Chart

Ningbo Fujia Industrial Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.97

1.14

1.34

6.41

8.36

Ningbo Fujia Industrial Co Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial														4.94	3.42	4.56	8.36	5.55

Competitive Comparison of Ningbo Fujia Industrial Co's Cash-to-Debt

For the Furnishings, Fixtures & Appliances subindustry, Ningbo Fujia Industrial 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.

Ningbo Fujia Industrial Co's Cash-to-Debt Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Ningbo Fujia Industrial Co's Cash-to-Debt distribution charts can be found below:

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

Ningbo Fujia Industrial 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.

Ningbo Fujia Industrial 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)
	=	796.803	/	(92.295	+	2.985)
	=	8.36

Ningbo Fujia Industrial Co's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	891.055	/	(157.526	+	2.947)
	=	5.55

Ningbo Fujia Industrial Co (SHSE:603219) 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.

Ningbo Fujia Industrial Co Cash-to-Debt Related Terms

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

Ningbo Fujia Industrial Co (SHSE:603219) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Ningbo Fujia Industrial Co Ltd (SHSE:603219) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

No. 303, Chang'an Road, Yangming Stree, Zhejiang Province, Yuyao, CHN, 315400

Website

http://www.furja.com

Ningbo Fujia Industrial Co Ltd is engaged in the research and development, design, production and sales of intelligent cleaning small household appliances such as vacuum cleaners, sweeping robots, and important components such as brushless motors.

Executives

Sun Ya Fang	Supervisors
Chen Ang Liang	senior management
Huang Jian Long	Supervisors
Yu Shi Guo	Director
Ying Ying	senior management
Shen Xue Jun	Supervisors
Luo Jun Bin	Directors, senior managers
Tu Zi Qun	Directors, senior managers

Ningbo Fujia Industrial Co (SHSE:603219) Headlines

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