FYGGY (Fuyao Glass Industry Group Co) Cash-to-Debt : 1.20 (As of Sep. 2024)

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What is Fuyao Glass Industry 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. Fuyao Glass Industry Group Co's cash to debt ratio for the quarter that ended in Sep. 2024 was 1.20.

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, Fuyao Glass Industry Group Co could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

FYGGY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.12 Med: 1.1 Max: 1.46
Current: 1.2

During the past 13 years, Fuyao Glass Industry Group Co's highest Cash to Debt Ratio was 1.46. The lowest was 0.12. And the median was 1.10.

FYGGY's Cash-to-Debt is ranked better than
64.04% of 1307 companies
in the Vehicles & Parts industry
Industry Median: 0.56 vs FYGGY: 1.20

Fuyao Glass Industry Group Co Cash-to-Debt Historical Data

The historical data trend for Fuyao Glass Industry 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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Fuyao Glass Industry Group Co Cash-to-Debt Chart

Fuyao Glass Industry Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.81

0.90

1.38

1.46

1.27

Fuyao Glass Industry Group Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															1.17	1.27	1.26	1.12	1.20

Competitive Comparison of Fuyao Glass Industry Group Co's Cash-to-Debt

For the Auto Parts subindustry, Fuyao Glass Industry 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.

Fuyao Glass Industry Group Co's Cash-to-Debt Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Fuyao Glass Industry Group Co's Cash-to-Debt distribution charts can be found below:

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

Fuyao Glass Industry 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.

Fuyao Glass Industry 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)
	=	2594.313	/	(786.489	+	1249.297)
	=	1.27

Fuyao Glass Industry Group Co's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	2793.371	/	(1114.268	+	1222.738)
	=	1.20

Fuyao Glass Industry Group Co (OTCPK:FYGGY) 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.

Fuyao Glass Industry Group Co Cash-to-Debt Related Terms

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

Fuyao Glass Industry Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Fuyao Glass Industry Group Co Ltd (OTCPK:FYGGY) » Definitions » Cash-to-Debt

Traded in Other Exchanges

FIGIF:USA 03606:Hong Kong 4FG:Germany 4FG:Germany 600660:China

Address

Fuyao Industrial Zone II, Fujian Province, Fuqing, CHN, 350301

Website

https://www.fuyaogroup.com

Fuyao Glass Industry Group Co Ltd manufactures and sells glass to be fitted in automobiles. The company is principally engaged in providing total solutions of safety glass and automotive accessories for various transportation vehicles, including the design, manufacture, and sale of automotive grade float glass, automotive glass, locomotive glass, luggage racks, vehicle window trims, and provision of relevant services. The Company's product portfolio consists of automobile glasses, such as coating glasses and others, which are applied in passenger cars, buses, limousines and others, and float glasses. The Company distributes its products within domestic markets and overseas markets. Geographically, it derives a majority of its revenue from China.

Fuyao Glass Industry Group Co Headlines

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