Sinomax Group (HKSE:01418) Cash-to-Debt : 0.50 (As of Jun. 2024)

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What is Sinomax 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. Sinomax Group's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.50.

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, Sinomax Group couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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

HKSE:01418' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.21 Med: 0.33 Max: 2.21
Current: 0.5

During the past 11 years, Sinomax Group's highest Cash to Debt Ratio was 2.21. The lowest was 0.21. And the median was 0.33.

HKSE:01418's Cash-to-Debt is ranked worse than
62.94% of 429 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 1.05 vs HKSE:01418: 0.50

Sinomax Group Cash-to-Debt Historical Data

The historical data trend for Sinomax 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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Sinomax Group Cash-to-Debt Chart

Sinomax Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.31

0.21

0.28

0.21

0.43

Sinomax Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial															0.25	0.21	0.36	0.43	0.50

Competitive Comparison of Sinomax Group's Cash-to-Debt

For the Furnishings, Fixtures & Appliances subindustry, Sinomax 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.

Sinomax Group's Cash-to-Debt Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Sinomax Group's Cash-to-Debt distribution charts can be found below:

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

Sinomax 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.

Sinomax 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)
	=	309.923	/	(514.511	+	208.107)
	=	0.43

Sinomax 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)
	=	357.604	/	(506.97	+	213.195)
	=	0.50

Sinomax Group (HKSE:01418) 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.

Sinomax Group Cash-to-Debt Related Terms

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Sinomax Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Sinomax Group Ltd (HKSE:01418) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

38 Wang Chiu Road, Units 2005-2007, Level 20, Tower 1, MegaBox Enterprise Square Five, Kowloon Bay, Hong Kong, HKG

Website

https://www.sinomax.com

Sinomax Group Ltd is an investment holding company and is engaged in the manufacturing and marketing of visco-elastic health and wellness products globally. It focuses on the business of manufacture and sale of health and household products including visco-elastic pillows, mattress toppers and mattresses, and polyurethane foam, of which a majority of the revenue is generated from health and household products. Its operating segment consists of the China market, the North American market, Europe and another overseas market, and the majority of the revenue comes from the China market. Its own brands are Sinomax, Dream Serenity, Zeopedic, Homedics and others.

Executives

Lam Chi Fan	2101 Beneficial owner
Li Ching Hau	2202 Interest of your spouse
Chi Fan Holding Limited	2201 Interest of corporation controlled by you
Sinomax Enterprises Limited	2101 Beneficial owner
The James' Family Holding Limited	2201 Interest of corporation controlled by you
Vistra Trust (bvi) Limited	2301 Trustee
Cheung Shui Ying	2307 Founder of a discretionary trust who can infl

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