Shunfeng International Clean Energy (HKSE:01165) Cash-to-Debt : 0.03 (As of Dec. 2023)

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What is Shunfeng International Clean Energy 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. Shunfeng International Clean Energy's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.03.

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, Shunfeng International Clean Energy couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Shunfeng International Clean Energy's Cash-to-Debt or its related term are showing as below:

HKSE:01165' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.06 Max: 0.15
Current: 0.03

During the past 13 years, Shunfeng International Clean Energy's highest Cash to Debt Ratio was 0.15. The lowest was 0.01. And the median was 0.06.

HKSE:01165's Cash-to-Debt is ranked worse than
89.84% of 433 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.23 vs HKSE:01165: 0.03

Shunfeng International Clean Energy Cash-to-Debt Historical Data

The historical data trend for Shunfeng International Clean Energy'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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Shunfeng International Clean Energy Cash-to-Debt Chart

Shunfeng International Clean Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.01

0.03

0.01

0.11

0.03

Shunfeng International Clean Energy 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															0.01	0.11	0.11	0.04	0.03

Competitive Comparison of Shunfeng International Clean Energy's Cash-to-Debt

For the Utilities - Renewable subindustry, Shunfeng International Clean Energy'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.

Shunfeng International Clean Energy's Cash-to-Debt Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Shunfeng International Clean Energy's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Shunfeng International Clean Energy's Cash-to-Debt falls into.

Shunfeng International Clean Energy 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.

Shunfeng International Clean Energy'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)
	=	106.584	/	(2967.133	+	556.4)
	=	0.03

Shunfeng International Clean Energy'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)
	=	106.584	/	(2967.133	+	556.4)
	=	0.03

Shunfeng International Clean Energy (HKSE:01165) 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.

Shunfeng International Clean Energy Cash-to-Debt Related Terms

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

Shunfeng International Clean Energy (HKSE:01165) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Shunfeng International Clean Energy Ltd (HKSE:01165) » Definitions » Cash-to-Debt

Traded in Other Exchanges

SHUNF:USA

Address

Number 26 Harbour Road, Rooms 3803-05, 38/F, China Resources Building, Wan Chai, HKG

Website

http://www.sfcegroup.com

Shunfeng International Clean Energy Ltd is a diversified integrated provider of clean energies and low-carbon and energy-saving solutions. It operates in a single segment namely solar power generation. Geographically, it generates the majority of revenue from Mainland China.

Executives

Gardner Aaron Luke (in The Capacity As The Receiver)	2201 Interest of corporation controlled by you
Fok Hei Yu (in The Capacity As The Receiver)	2201 Interest of corporation controlled by you
Faithsmart Limited	2201 Interest of corporation controlled by you
Cheng Kin Ming	2201 Interest of corporation controlled by you
Bank Of Communications Co., Ltd.	2106 Person having a security interest in shares
Bocom International Holdings Company Limited	2106 Person having a security interest in shares
Tang Guoqiang	2201 Interest of corporation controlled by you
Asia Pacific Resources Development Investment Limited	2201 Interest of corporation controlled by you
Peace Link Services Limited	2201 Interest of corporation controlled by you

Shunfeng International Clean Energy (HKSE:01165) Headlines

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