Sun King Technology Group (HKSE:00580) Cash-to-Debt : 1.20 (As of Jun. 2024)

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What is Sun King Technology Group 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. Sun King Technology Group's cash to debt ratio for the quarter that ended in Jun. 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, Sun King Technology Group could pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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

HKSE:00580' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.23 Med: 1.61 Max: 4.59
Current: 1.36

During the past 13 years, Sun King Technology Group's highest Cash to Debt Ratio was 4.59. The lowest was 0.23. And the median was 1.61.

HKSE:00580's Cash-to-Debt is ranked worse than
51.12% of 2445 companies
in the Hardware industry
Industry Median: 1.45 vs HKSE:00580: 1.36

Sun King Technology Group Cash-to-Debt Historical Data

The historical data trend for Sun King Technology Group'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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Sun King Technology Group Cash-to-Debt Chart

Sun King Technology Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash-to-Debt

Get a 7-Day Free Trial

1.70

3.16

4.59

2.18

1.36

Sun King Technology Group Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Cash-to-Debt	Get a 7-Day Free Trial															4.59	2.58	2.18	1.20	1.36

Competitive Comparison of Sun King Technology Group's Cash-to-Debt

For the Electronic Components subindustry, Sun King Technology Group'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.

Sun King Technology Group's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Sun King Technology Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Sun King Technology Group's Cash-to-Debt falls into.

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Sun King Technology Group 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.

Sun King Technology Group'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)
	=	934.625	/	(251.022	+	177.803)
	=	2.18

Sun King Technology Group's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	498.54	/	(265.236	+	150.536)
	=	1.20

Sun King Technology Group (HKSE:00580) 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.

Sun King Technology Group Cash-to-Debt Related Terms

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Sun King Technology Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Sun King Technology Group Ltd (HKSE:00580) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Building 9-A, Yuhua Road, Airport Industrial, Zone B, KongGangRongHuiYuan, Shunyi District, Beijing, CHN, 101318

Website

https://www.sunking-tech.com

Sun King Technology Group Ltd is an investment holding company engaged in the business of manufacturing and trading power electronic components. The products offered by the group are categorized into applied industries, namely, power transmission and distribution, electrified transportation and industrial, and others. Its product categories are Anode Saturable Reactors, ABB's Semiconductors, Power Quality Improved Equipment, Power Electronic Devices, Power Electronic Capacitors, Busbars, Digital IGBT Gate Units, Power Capacitors, Power Grid Status Monitoring, and Others. The group mainly operates in the PRC.

Executives

Meng Fankun
Xiang Jie
Jiekun Limited
Sapphire Skye Holdings Limited	2306 Nominee for another person
Zedra Trust Company (singapore) Limited
Max Vision Holdings Limited	2101 Beneficial owner

Sun King Technology Group Headlines

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