Sunvim Group Co (SZSE:002083) Cash-to-Debt : 0.48 (As of Mar. 2024)

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What is Sunvim Group 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. Sunvim Group Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.48.

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, Sunvim Group Co couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

SZSE:002083' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.35 Max: 0.76
Current: 0.48

During the past 13 years, Sunvim Group Co's highest Cash to Debt Ratio was 0.76. The lowest was 0.06. And the median was 0.35.

SZSE:002083's Cash-to-Debt is ranked better than
50.3% of 1016 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.48 vs SZSE:002083: 0.48

Sunvim Group Co Cash-to-Debt Historical Data

The historical data trend for Sunvim Group 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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Sunvim Group Co Cash-to-Debt Chart

Sunvim Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.47

0.62

0.50

0.41

0.49

Sunvim Group 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															0.52	0.46	0.37	0.49	0.48

Competitive Comparison of Sunvim Group Co's Cash-to-Debt

For the Textile Manufacturing subindustry, Sunvim Group 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.

Sunvim Group Co's Cash-to-Debt Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Sunvim Group Co's Cash-to-Debt distribution charts can be found below:

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

Sunvim Group 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.

Sunvim Group 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)
	=	1538.287	/	(2332.287	+	827.947)
	=	0.49

Sunvim Group 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)
	=	1552.972	/	(2405.463	+	845.982)
	=	0.48

Sunvim Group Co (SZSE:002083) 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.

Sunvim Group Co Cash-to-Debt Related Terms

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

Sunvim Group Co (SZSE:002083) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Sunvim Group Co Ltd (SZSE:002083) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

No. 1 Furi Street, Weifang, Shandong, CHN, 261500

Website

http://www.sunvim.com

Sunvim Group Co Ltd is engaged in the manufacturing and distribution of home textile products like the bath towel, towelling blanket, decorative cloth, tablecloth, napkin, bedding fabrics, and yarns.

Executives

Sun Hao Bo	Directors, executives
Zhou Wen Guo	Supervisors
Wang Ju Zhang	Supervisors
Wu Ming Feng	Directors, executives
Yu Cong Hai	Director
Sun Ri Gui	Directors, executives
Yan Yong Xuan	Director
Qin Bo	Supervisors
Fu Pei Lin	Director
Qi Zong Zhong	Supervisors
Zhang Shu Ming	Supervisors
Zhang Guo Hua	Director
Li Zhong Wei	Director
Sun Yong	Directors, executives
Yan Tang	Director

Sunvim Group Co (SZSE:002083) Headlines

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