Sinofert Holdings (Sinofert Holdings) Cash-to-Debt : 2.14 (As of Dec. 2023)

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What is Sinofert Holdings 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. Sinofert Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 2.14.

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, Sinofert Holdings could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

SNFRY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.43 Max: 2.14
Current: 2.14

During the past 13 years, Sinofert Holdings's highest Cash to Debt Ratio was 2.14. The lowest was 0.06. And the median was 0.43.

SNFRY's Cash-to-Debt is ranked better than
66.8% of 244 companies
in the Agriculture industry
Industry Median: 0.78 vs SNFRY: 2.14

Sinofert Holdings Cash-to-Debt Historical Data

The historical data trend for Sinofert Holdings'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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Sinofert Holdings Cash-to-Debt Chart

Sinofert Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.84

0.43

1.20

1.85

2.14

Sinofert Holdings 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															1.20	1.78	1.85	1.93	2.14

Competitive Comparison of Sinofert Holdings's Cash-to-Debt

For the Agricultural Inputs subindustry, Sinofert Holdings'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.

Sinofert Holdings's Cash-to-Debt Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Sinofert Holdings's Cash-to-Debt distribution charts can be found below:

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

Sinofert Holdings 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.

Sinofert Holdings'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)
	=	549.029	/	(85.786	+	170.365)
	=	2.14

Sinofert Holdings'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)
	=	549.029	/	(85.786	+	170.365)
	=	2.14

Sinofert Holdings (OTCPK:SNFRY) 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.

Sinofert Holdings Cash-to-Debt Related Terms

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

Sinofert Holdings (Sinofert Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Sinofert Holdings Ltd (OTCPK:SNFRY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

SNFRF:USA 00297:Hong Kong WCQ1:Germany

Address

1 Harbour Road, Units 4705, 47th Floor, Office Tower, Convention Plaza, Wanchai, Hong Kong, HKG

Website

http://www.sinofert.com

Sinofert Holdings Ltd is an investment holding company. The company operates in two segments: Basic Fertilizers Segment, Distribution Segment, and Production Segment. The Basic Fertilizers Segment is engaged in the sales of straight fertilizers such as nitrogen, phosphate, and potash. The Distribution segment engages in the building of distribution channels, procurement, and sales of compound fertilizers and new types of fertilizers. The Production Segment is responsible for the production and sales of fertilizers and MCP/DCP. The majority of its revenue comes from the Basic Fertilizers segment. Geographically, the company generates majority of its revenue from Mainland China.

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