Shanghai Fudan Forward S&T Co (SHSE:600624) Cash-to-Debt : 0.32 (As of Sep. 2024)

View and export this data going back to 1993. Start your Free Trial

What is Shanghai Fudan Forward S&T 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. Shanghai Fudan Forward S&T Co's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.32.

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, Shanghai Fudan Forward S&T Co couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

The historical rank and industry rank for Shanghai Fudan Forward S&T Co's Cash-to-Debt or its related term are showing as below:

SHSE:600624' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.3 Med: 0.64 Max: 0.89
Current: 0.32

During the past 13 years, Shanghai Fudan Forward S&T Co's highest Cash to Debt Ratio was 0.89. The lowest was 0.30. And the median was 0.64.

SHSE:600624's Cash-to-Debt is ranked worse than
59.3% of 570 companies
in the Conglomerates industry
Industry Median: 0.49 vs SHSE:600624: 0.32

Shanghai Fudan Forward S&T Co Cash-to-Debt Historical Data

The historical data trend for Shanghai Fudan Forward S&T 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.

* Premium members only.

Shanghai Fudan Forward S&T Co Cash-to-Debt Chart

Shanghai Fudan Forward S&T Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.77

0.74

0.61

0.60

0.59

Shanghai Fudan Forward S&T Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															0.57	0.59	0.47	0.30	0.32

Competitive Comparison of Shanghai Fudan Forward S&T Co's Cash-to-Debt

For the Conglomerates subindustry, Shanghai Fudan Forward S&T 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.

Shanghai Fudan Forward S&T Co's Cash-to-Debt Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Shanghai Fudan Forward S&T Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Shanghai Fudan Forward S&T Co's Cash-to-Debt falls into.

Save Embed

;

Save Embed

;

Shanghai Fudan Forward S&T 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.

Shanghai Fudan Forward S&T 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)
	=	305.482	/	(490.959	+	25.702)
	=	0.59

Shanghai Fudan Forward S&T Co's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	126.218	/	(381.685	+	18.411)
	=	0.32

Shanghai Fudan Forward S&T Co (SHSE:600624) 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.

Shanghai Fudan Forward S&T Co Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Shanghai Fudan Forward S&T Co's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Shanghai Fudan Forward S&T Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Shanghai Fudan Forward S&T Co Ltd (SHSE:600624) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

No. 525 Guoquan Road, Fuhua Technology Building, Shanghai, Shanghai, CHN, 200433

Website

http://www.forwardgroup.com

Shanghai Fudan Forward S&T Co Ltd is a multi-industry, cross-regional, export-oriented and multi-functional comprehensive enterprise integrating domestic and foreign trade, textile new materials, automobile interiors, real estate and other industries.

Executives

Ye Wei Da	senior management
Jiang Guo Xing	Director

Shanghai Fudan Forward S&T Co Headlines

No Headlines