Harson Trading (China) Co (SHSE:603958) Cash-to-Debt : 126.81 (As of Mar. 2024)

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What is Harson Trading (China) 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. Harson Trading (China) Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 126.81.

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, Harson Trading (China) 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 Harson Trading (China) Co's Cash-to-Debt or its related term are showing as below:

SHSE:603958' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.45 Med: 129.44 Max: No Debt
Current: 126.81

During the past 13 years, Harson Trading (China) Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.45. And the median was 129.44.

SHSE:603958's Cash-to-Debt is ranked better than
93.42% of 1033 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.48 vs SHSE:603958: 126.81

Harson Trading (China) Co Cash-to-Debt Historical Data

The historical data trend for Harson Trading (China) 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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Harson Trading (China) Co Cash-to-Debt Chart

Harson Trading (China) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

129.44

94.37

6.96

213.58

Harson Trading (China) Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	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															4.66	15.06	15.94	213.58	126.81

Competitive Comparison of Harson Trading (China) Co's Cash-to-Debt

For the Footwear & Accessories subindustry, Harson Trading (China) 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.

Harson Trading (China) Co's Cash-to-Debt Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Harson Trading (China) Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Harson Trading (China) Co's Cash-to-Debt falls into.

Harson Trading (China) 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.

Harson Trading (China) 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)
	=	361.585	/	(0.849	+	0.844)
	=	213.58

Harson Trading (China) 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)
	=	378.281	/	(2.495	+	0.488)
	=	126.81

Harson Trading (China) Co (SHSE:603958) 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.

Harson Trading (China) Co Cash-to-Debt Related Terms

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Harson Trading (China) Co (SHSE:603958) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Harson Trading (China) Co Ltd (SHSE:603958) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.1008,Hua'an Road, 6th Floor, Caoan Economic Development Zone, Huaqiao Tow, Kunshan, CHN, 215332

Website

http://www.harsongroup.com

Harson Trading (China) Co Ltd is a China-based firm engaged in the brand operation, product design, production and sales of high-end leather shoes. It produces leather shoes for men and women mainly. Its brands include Harson, Kadina, Cover, Aller-A, AS, Roberta Di Camerino, Harson business, and Pikolinos.

Executives

Wu Xiao Hua	senior management
Huang Jing	Supervisors
Qian Long Bao	senior management

Harson Trading (China) Co (SHSE:603958) Headlines

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