Fourace Industries Group Holdings (HKSE:01455) Cash-to-Debt : 735.41 (As of Sep. 2023)

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What is Fourace Industries Group Holdings 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. Fourace Industries Group Holdings's cash to debt ratio for the quarter that ended in Sep. 2023 was 735.41.

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, Fourace Industries Group Holdings could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

(1) 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.

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

HKSE:01455' s Cash-to-Debt Range Over the Past 10 Years
Min: 12.83 Med: 155.71 Max: No Debt
Current: 735.41

During the past 6 years, Fourace Industries Group Holdings's highest Cash to Debt Ratio was No Debt. The lowest was 12.83. And the median was 155.71.

HKSE:01455's Cash-to-Debt is ranked better than
93.91% of 1871 companies
in the Consumer Packaged Goods industry
Industry Median: 0.51 vs HKSE:01455: 735.41

Fourace Industries Group Holdings Cash-to-Debt Historical Data

The historical data trend for Fourace Industries Group Holdings'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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Fourace Industries Group Holdings Cash-to-Debt Chart

Fourace Industries Group Holdings Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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53.87

12.83

56.08

243.61

No Debt

Fourace Industries Group Holdings Semi-Annual Data
	Mar18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial						67.81	243.61	1,226.01	No Debt	735.41

Competitive Comparison of Fourace Industries Group Holdings's Cash-to-Debt

For the Household & Personal Products subindustry, Fourace Industries Group Holdings'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.

Fourace Industries Group Holdings's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Fourace Industries Group Holdings's Cash-to-Debt distribution charts can be found below:

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

Fourace Industries Group Holdings 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.

Fourace Industries Group Holdings's Cash to Debt Ratio for the fiscal year that ended in Mar. 2023 is calculated as:

Fourace Industries Group Holdings had no debt ⁽¹⁾.

Fourace Industries Group Holdings's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	237.538	/	(0.21	+	0.113)
	=	735.41

Fourace Industries Group Holdings (HKSE:01455) 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.

Fourace Industries Group Holdings Cash-to-Debt Related Terms

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Fourace Industries Group Holdings (HKSE:01455) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Fourace Industries Group Holdings Ltd (HKSE:01455) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Unit No. 1107, 8 Kwai Cheong Road, 11th Floor, Manhattan Centre, Kwai Chung, New Territories, Hong Kong, HKG

Website

https://www.fourace.com

Fourace Industries Group Holdings Ltd is engaged in the design, development, manufacturing, and trading of personal care and lifestyle electrical appliances on an ODM basis. The company's product portfolio offers a wide range of personal care electrical appliances, which can be broadly classified into three categories, namely, hair styling series, grooming series, and beauty care series. Geographically, the customers of the company are mainly international brand owners with products marketed mainly in the U.S., Japan, Europe, and Others. The company earns the majority of its revenue from Japan.

Executives

Ace Champion Inc.	2101 Beneficial owner
Chan Pan Pan	2202 Interest of your spouse
Forever Golden Inc.	2101 Beneficial owner
Li Shu Yeh	2201 Interest of corporation controlled by you
Loo Kin Kuen Stephen	2202 Interest of your spouse
Sit Hor Wan	2201 Interest of corporation controlled by you

Fourace Industries Group Holdings (HKSE:01455) Headlines

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