Fujian Foxit Software Development Joint Stock Co (SHSE:688095) Cash-to-Debt : 28.71 (As of Mar. 2024)

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What is Fujian Foxit Software Development Joint Stock 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. Fujian Foxit Software Development Joint Stock Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 28.71.

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, Fujian Foxit Software Development Joint Stock 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 Fujian Foxit Software Development Joint Stock Co's Cash-to-Debt or its related term are showing as below:

SHSE:688095' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.12 Med: 30.1 Max: 2245.32
Current: 28.71

During the past 11 years, Fujian Foxit Software Development Joint Stock Co's highest Cash to Debt Ratio was 2245.32. The lowest was 1.12. And the median was 30.10.

SHSE:688095's Cash-to-Debt is ranked better than
77.96% of 2799 companies
in the Software industry
Industry Median: 2.47 vs SHSE:688095: 28.71

Fujian Foxit Software Development Joint Stock Co Cash-to-Debt Historical Data

The historical data trend for Fujian Foxit Software Development Joint Stock 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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Fujian Foxit Software Development Joint Stock Co Cash-to-Debt Chart

Fujian Foxit Software Development Joint Stock Co Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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27.88

218.98

58.80

34.76

29.34

Fujian Foxit Software Development Joint Stock 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															34.40	30.16	27.19	29.34	28.71

Competitive Comparison of Fujian Foxit Software Development Joint Stock Co's Cash-to-Debt

For the Software - Application subindustry, Fujian Foxit Software Development Joint Stock 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.

Fujian Foxit Software Development Joint Stock Co's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, Fujian Foxit Software Development Joint Stock Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Fujian Foxit Software Development Joint Stock Co's Cash-to-Debt falls into.

Fujian Foxit Software Development Joint Stock 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.

Fujian Foxit Software Development Joint Stock 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)
	=	2105.086	/	(43.666	+	28.079)
	=	29.34

Fujian Foxit Software Development Joint Stock 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)
	=	2054.524	/	(42.589	+	28.963)
	=	28.71

Fujian Foxit Software Development Joint Stock Co (SHSE:688095) 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.

Fujian Foxit Software Development Joint Stock Co Cash-to-Debt Related Terms

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Fujian Foxit Software Development Joint Stock Co (SHSE:688095) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Fujian Foxit Software Development Joint Stock Co Ltd (SHSE:688095) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

No. 89 Software Avenue, Building 5, Area G, Fuzhou Software Park, Gulou District, Fujian Province, Fuzhou, CHN, 350003

Website

https://www.foxitsoftware.cn

Fujian Foxit Software Development Joint Stock Co Ltd is an internationally operated PDF electronic document solution provider. The company develops and markets PDF products and services to help knowledge workers increase productivity and do more when processing documents. Its products include Foxit Reader, Foxit MobilePDF, Foxit Advanced PDF Editor, Foxit PDF IFilter; and its Development platform and tools include Foxit PDF SDK, Foxit PDF SDK ActiveX, Foxit PDF SDK for Web, and Foxit PDF Toolkit.

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