Future Bright Mining Holdings (HKSE:02212) Cash-to-Debt : 0.75 (As of Jun. 2024)

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What is Future Bright Mining 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. Future Bright Mining Holdings's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.75.

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, Future Bright Mining Holdings 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 Future Bright Mining Holdings's Cash-to-Debt or its related term are showing as below:

HKSE:02212' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.22 Med: 30.94 Max: No Debt
Current: 0.4

During the past 12 years, Future Bright Mining Holdings's highest Cash to Debt Ratio was No Debt. The lowest was 0.22. And the median was 30.94.

HKSE:02212's Cash-to-Debt is ranked worse than
50.89% of 395 companies
in the Building Materials industry
Industry Median: 0.41 vs HKSE:02212: 0.40

Future Bright Mining Holdings Cash-to-Debt Historical Data

The historical data trend for Future Bright Mining 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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Future Bright Mining Holdings Cash-to-Debt Chart

Future Bright Mining Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash-to-Debt

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49.79

31.77

2.46

0.22

0.40

Future Bright Mining Holdings 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															2.46	1.36	0.22	0.75	0.40

Competitive Comparison of Future Bright Mining Holdings's Cash-to-Debt

For the Building Materials subindustry, Future Bright Mining 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.

Future Bright Mining Holdings's Cash-to-Debt Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Future Bright Mining Holdings's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Future Bright Mining Holdings's Cash-to-Debt falls into.

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Future Bright Mining 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.

Future Bright Mining Holdings'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)
	=	14.356	/	(2.034	+	63.575)
	=	0.22

Future Bright Mining Holdings'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)
	=	48.028	/	(13.57	+	50.283)
	=	0.75

Future Bright Mining Holdings (HKSE:02212) 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.

Future Bright Mining Holdings Cash-to-Debt Related Terms

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Future Bright Mining Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Future Bright Mining Holdings Ltd (HKSE:02212) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 207 Shuijing Avenue, Chengguan Town, Nanzhang County, Hubei Province, Xiangyang, CHN

Website

http://www.futurebrightltd.com

Future Bright Mining Holdings Ltd is a marble mining company. It has been focusing on developing the Yiduoyan Project, which is an open-pit mine located in the Hubei Province of the PRC. The company operates in two segments, namely the Marble Block segment, which supplies marble blocks mainly for further processing, construction, or trading; and the Commodity Trading segment, which conducts the trading business of commodities. It derives revenue from the Commodity trading segment. All of its revenue is derived from Mainland China.

Executives

Golden Convergence Holdings Group Limited	2101 Beneficial owner
Golden Convergence Investment Limited	2201 Interest of corporation controlled by you
Wu Yan Nancy	2201 Interest of corporation controlled by you
Sun Hailong	2101 Beneficial owner
Zhang Caihong	2202 Interest of your spouse
Zhong Ke Jiu Tai Resources Use Technology Holdings Company Limited	2201 Interest of corporation controlled by you
Zhong Ke Jiu Tai Technology Group Limited	2101 Beneficial owner
Li Yuguo	2201 Interest of corporation controlled by you
Ge Limin	2101 Beneficial owner

Future Bright Mining Holdings Headlines

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