Glorious Sun Enterprises (FRA:GLV) Cash-to-Debt : 45.03 (As of Dec. 2023)

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What is Glorious Sun Enterprises 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. Glorious Sun Enterprises's cash to debt ratio for the quarter that ended in Dec. 2023 was 45.03.

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, Glorious Sun Enterprises 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 Glorious Sun Enterprises's Cash-to-Debt or its related term are showing as below:

FRA:GLV' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.04 Med: 13.88 Max: 47.81
Current: 45.02

During the past 13 years, Glorious Sun Enterprises's highest Cash to Debt Ratio was 47.81. The lowest was 1.04. And the median was 13.88.

FRA:GLV's Cash-to-Debt is ranked better than
86.99% of 1068 companies
in the Business Services industry
Industry Median: 0.99 vs FRA:GLV: 45.02

Glorious Sun Enterprises Cash-to-Debt Historical Data

The historical data trend for Glorious Sun Enterprises'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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Glorious Sun Enterprises Cash-to-Debt Chart

Glorious Sun Enterprises Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

24.53

33.54

47.81

31.52

45.03

Glorious Sun Enterprises 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															47.81	78.72	31.52	45.57	45.03

Competitive Comparison of Glorious Sun Enterprises's Cash-to-Debt

For the Consulting Services subindustry, Glorious Sun Enterprises'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.

Glorious Sun Enterprises's Cash-to-Debt Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Glorious Sun Enterprises's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Glorious Sun Enterprises's Cash-to-Debt falls into.

Glorious Sun Enterprises 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.

Glorious Sun Enterprises'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)
	=	204.017	/	(2.413	+	2.118)
	=	45.03

Glorious Sun Enterprises'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)
	=	204.017	/	(2.413	+	2.118)
	=	45.03

Glorious Sun Enterprises (FRA:GLV) 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.

Glorious Sun Enterprises Cash-to-Debt Related Terms

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Glorious Sun Enterprises (FRA:GLV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Glorious Sun Enterprises Ltd (FRA:GLV) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

00393:Hong Kong GLV:Germany

Address

1 Wang Yuen Street, 38th Floor, One Kowloon, Kowloon Bay, HKG

Website

https://www.glorisun.com

Glorious Sun Enterprises Ltd is an investment holding company engaged in financial investments, interior decoration and renovation, and export and retailing of casual wear. It is engaged in the business segments of Financial investments; Interior decoration and renovation; Export operations; Retail, franchise, and others. The interior decoration and renovation segment, which is the key revenue-generating segment, engages in the interior decoration and renovation, and the sale of the furniture business. The group derives revenue from Mainland China, Hong Kong, Australia and New Zealand, the U.S., Canada, and other countries.