Fangda Special Steel Technology Co (SHSE:600507) Cash-to-Debt : 11.06 (As of Mar. 2024)

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What is Fangda Special Steel Technology 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. Fangda Special Steel Technology Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 11.06.

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, Fangda Special Steel Technology Co could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Fangda Special Steel Technology Co's Cash-to-Debt or its related term are showing as below:

SHSE:600507' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.42 Med: 3.78 Max: 326.19
Current: 11.06

During the past 13 years, Fangda Special Steel Technology Co's highest Cash to Debt Ratio was 326.19. The lowest was 0.42. And the median was 3.78.

SHSE:600507's Cash-to-Debt is ranked better than
86.28% of 605 companies
in the Steel industry
Industry Median: 0.44 vs SHSE:600507: 11.06

Fangda Special Steel Technology Co Cash-to-Debt Historical Data

The historical data trend for Fangda Special Steel Technology 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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Fangda Special Steel Technology Co Cash-to-Debt Chart

Fangda Special Steel Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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2.91

323.24

3.72

3.96

6.72

Fangda Special Steel Technology Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															3.34	6.24	9.88	6.72	11.06

Competitive Comparison of Fangda Special Steel Technology Co's Cash-to-Debt

For the Steel subindustry, Fangda Special Steel Technology 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.

Fangda Special Steel Technology Co's Cash-to-Debt Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Fangda Special Steel Technology Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Fangda Special Steel Technology Co's Cash-to-Debt falls into.

Fangda Special Steel Technology 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.

Fangda Special Steel Technology 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)
	=	6360.281	/	(535.822	+	411.091)
	=	6.72

Fangda Special Steel Technology Co's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	8091.632	/	(317.943	+	414.009)
	=	11.05

Fangda Special Steel Technology Co (SHSE:600507) 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.

Fangda Special Steel Technology Co Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Fangda Special Steel Technology Co's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Fangda Special Steel Technology Co (SHSE:600507) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Fangda Special Steel Technology Co Ltd (SHSE:600507) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

No. 475 Yanjin Avenue, Qingshanhu District, Nanchang, Jiangxi, CHN, 330012

Website

http://www.fangda-specialsteels.com

Fangda Special Steel Technology Co Ltd is mainly engaged in the production and distribution of iron and steel products. It is also involved in processing coke crafts, sintering, smelting iron, steel-making, and steel rolling. The company's products include the automotive leaf springs, deformed steel bars, spring flat steels, round springs, shock absorbers, spring special equipment, auto parts, and molds.

Executives

Li Hong Wei	Director
Wu Xiao	senior management
Xie Fei Ming	Director
Yin Ai Guo	Director
Huang Zhi Hua	Director
Rao Dong Yun	Director
Ju Qi Ping	Director
Ao Xin Hua	Director
Wu Feng	senior management
Tan Zhao Chun	Director
Song Ying	Director
Zhong Chong Wu	Director
Tian Xiao Long	senior management
Wang Chun Lei	senior management
Liu De Ming	senior management

Fangda Special Steel Technology Co (SHSE:600507) Headlines

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