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FAR International Holdings Group Co (HKSE:02516) Cash-to-Debt : 1.54 (As of Dec. 2023)


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What is FAR International Holdings Group 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. FAR International Holdings Group Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.54.

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, FAR International Holdings Group 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 FAR International Holdings Group Co's Cash-to-Debt or its related term are showing as below:

HKSE:02516' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.54   Med: 14.02   Max: 20.69
Current: 1.54

During the past 4 years, FAR International Holdings Group Co's highest Cash to Debt Ratio was 20.69. The lowest was 1.54. And the median was 14.02.

HKSE:02516's Cash-to-Debt is ranked better than
74.35% of 967 companies
in the Transportation industry
Industry Median: 0.49 vs HKSE:02516: 1.54

FAR International Holdings Group Co Cash-to-Debt Historical Data

The historical data trend for FAR International Holdings Group 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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FAR International Holdings Group Co Cash-to-Debt Chart

FAR International Holdings Group Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Cash-to-Debt
20.69 16.08 11.96 1.54

FAR International Holdings Group Co Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23 Dec23
Cash-to-Debt Get a 7-Day Free Trial 16.08 N/A 11.96 3.62 1.54

Competitive Comparison of FAR International Holdings Group Co's Cash-to-Debt

For the Integrated Freight & Logistics subindustry, FAR International Holdings Group 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.

FAR International Holdings Group Co's Cash-to-Debt Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, FAR International Holdings Group Co's Cash-to-Debt distribution charts can be found below:

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


FAR International Holdings Group 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.

FAR International Holdings Group 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)
=452.461 / (287.211 + 7.6)
=1.53

FAR International Holdings Group 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)
=452.461 / (287.211 + 7.6)
=1.53

* 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.

FAR International Holdings Group Co  (HKSE:02516) 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.

FAR International Holdings Group Co Cash-to-Debt Related Terms

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FAR International Holdings Group Co (HKSE:02516) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » FAR International Holdings Group Co Ltd (HKSE:02516) » Definitions » Cash-to-Debt
Comparable Companies
Traded in Other Exchanges
N/A
Address
No. 22 Changcheng Street, Room 201, Hangzhou Cross-border e-commerce, Industrial Park, Gongshu District, Zhejiang Province, Hangzhou City, CHN
Website
FAR International Holdings Group Co Ltd is a cross-border e-commerce logistics service provider based in the PRC principally engaged in the provision of end-to-end cross-border logistics services.
Executives
Lao Minzhong 2202 Interest of your spouse
Wang Quan 2201 Interest of corporation controlled by you
Zi Yue Holdings Limited 2101 Beneficial owner
Ye Jianrong 2201 Interest of corporation controlled by you
Alibaba Group Holding Limited 2201 Interest of corporation controlled by you
Taobao China Holding Limited 2101 Beneficial owner
Taobao Holding Limited 2201 Interest of corporation controlled by you
Hangzhou City Gongshu District State-owned Investment Holding Group Co., Ltd. 2201 Interest of corporation controlled by you
Hangzhou Gongshu State-owned Innovation Development Co., Ltd. 2201 Interest of corporation controlled by you
Gensis Far Holdings Limited 2101 Beneficial owner

FAR International Holdings Group Co (HKSE:02516) Headlines

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