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Fortune Shoes (DHA:FORTUNE) Cash-to-Debt : 0.00 (As of . 20)


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What is Fortune Shoes 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. Fortune Shoes's cash to debt ratio for the quarter that ended in . 20 was 0.00.

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, Fortune Shoes couldn't pay off its debt using the cash in hand for the quarter that ended in . 20.

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

DHA:FORTUNE's Cash-to-Debt is not ranked *
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 0.47
* Ranked among companies with meaningful Cash-to-Debt only.

Fortune Shoes Cash-to-Debt Historical Data

The historical data trend for Fortune Shoes'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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Fortune Shoes Cash-to-Debt Chart

Fortune Shoes Annual Data
Trend
Cash-to-Debt

Fortune Shoes Semi-Annual Data
Cash-to-Debt

Competitive Comparison of Fortune Shoes's Cash-to-Debt

For the Footwear & Accessories subindustry, Fortune Shoes'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.


Fortune Shoes's Cash-to-Debt Distribution in the Manufacturing - Apparel & Accessories Industry

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

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



Fortune Shoes 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.

Fortune Shoes's Cash to Debt Ratio for the fiscal year that ended in . 20 is calculated as:

Do not have enough data to calculate Cash to Debt ratio.

Fortune Shoes's Cash to Debt Ratio for the quarter that ended in . 20 is calculated as:

Do not have enough data to calculate Cash to Debt ratio.

* 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.


Fortune Shoes  (DHA:FORTUNE) 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.


Fortune Shoes Cash-to-Debt Related Terms

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


Fortune Shoes (DHA:FORTUNE) Business Description

Traded in Other Exchanges
N/A
Address
Road No. 08, Plot No. 34 & 36, Block E, Suite C-3, Moon Island, Gulshan-1, Niketon, Dhaka, BGD, 1212
Fortune Shoes Ltd is engaged in manufacturing and exporting leather shoes and footwear.

Fortune Shoes (DHA:FORTUNE) Headlines

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