Fujing Holdings Co (HKSE:02497) Cash-to-Debt : 4.37 (As of Dec. 2023)

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What is Fujing Holdings Co 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. Fujing Holdings Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 4.37.

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, Fujing Holdings Co could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

HKSE:02497' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.34 Med: 2.28 Max: 4.37
Current: 4.37

During the past 4 years, Fujing Holdings Co's highest Cash to Debt Ratio was 4.37. The lowest was 0.34. And the median was 2.28.

HKSE:02497's Cash-to-Debt is ranked better than
78.29% of 1861 companies
in the Consumer Packaged Goods industry
Industry Median: 0.52 vs HKSE:02497: 4.37

Fujing Holdings Co Cash-to-Debt Historical Data

The historical data trend for Fujing Holdings Co'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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Fujing Holdings Co Cash-to-Debt Chart

Fujing Holdings Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.34

1.11

3.46

4.37

Fujing Holdings Co Quarterly Data
	Dec20	Dec21	Sep22	Dec22	May23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			N/A	3.46	4.38	4.37	4.37

Competitive Comparison of Fujing Holdings Co's Cash-to-Debt

For the Farm Products subindustry, Fujing Holdings Co'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.

Fujing Holdings Co's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Fujing Holdings Co's Cash-to-Debt falls into.

Fujing Holdings Co 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.

Fujing Holdings Co'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)
	=	97.816	/	(21.987	+	0.38)
	=	4.37

Fujing Holdings Co'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)
	=	97.816	/	(21.987	+	0.38)
	=	4.37

Fujing Holdings Co (HKSE:02497) 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.

Fujing Holdings Co Cash-to-Debt Related Terms

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Fujing Holdings Co (HKSE:02497) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Fujing Holdings Co Ltd (HKSE:02497) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Huanhu North Road South, Nanbu Village South, Rizhuang Town Laixi, Shandong Province, Qingdao, CHN

Website

http://www.fujingnongye.com

Fujing Holdings Co Ltd is a potted vegetable producer in Shandong province of the PRC. The group mainly sells potted vegetable agricultural products, among which chrysanthemum, rapeseed, bitter chrysanthemum, lettuce, pakchoi, and lettuce are the group's main products.

Executives

Wider International Group Limited	2101 Beneficial owner
Zhang Yonggang	2201 Interest of corporation controlled by you
Beauty Sources Holdings Limited	2101 Beneficial owner
Geng Qi	2201 Interest of corporation controlled by you

Fujing Holdings Co (HKSE:02497) Headlines

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