Tongkun Group Co (SHSE:601233) Cash-to-Debt : 0.33 (As of Sep. 2024)

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What is Tongkun 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. Tongkun Group Co's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.33.

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

SHSE:601233' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.12 Med: 0.39 Max: 0.84
Current: 0.33

During the past 13 years, Tongkun Group Co's highest Cash to Debt Ratio was 0.84. The lowest was 0.12. And the median was 0.39.

SHSE:601233's Cash-to-Debt is ranked worse than
58.28% of 1026 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.46 vs SHSE:601233: 0.33

Tongkun Group Co Cash-to-Debt Historical Data

The historical data trend for Tongkun 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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Tongkun Group Co Cash-to-Debt Chart

Tongkun Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.65

0.54

0.53

0.32

0.25

Tongkun Group 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															0.38	0.25	0.26	0.27	0.33

Competitive Comparison of Tongkun Group Co's Cash-to-Debt

For the Textile Manufacturing subindustry, Tongkun 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.

Tongkun Group Co's Cash-to-Debt Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Tongkun Group Co's Cash-to-Debt distribution charts can be found below:

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

Tongkun 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.

Tongkun 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)
	=	11839.733	/	(28401.337	+	18514.824)
	=	0.25

Tongkun Group 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)
	=	17859.006	/	(34487.904	+	19048.132)
	=	0.33

Tongkun Group Co (SHSE:601233) 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.

Tongkun Group Co Cash-to-Debt Related Terms

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Tongkun Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Tongkun Group Co Ltd (SHSE:601233) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

No. 199 Guangming Road, Tongxiang Economic Development Zone, Tongxiang, Zhejiang, CHN, 314500

Website

http://www.zjtkgf.com/

Tongkun Group Co Ltd is a China-based company engaged in polyester and polyester filament yarn manufacturing. It offers various polyester filament yarns such as a pre-oriented filament, draw textured yarns, polyester chips, and others under the GOLDENCOCK and Tong Kun brand names. Geographically the business activities are carried out through China.

Executives

Shen Pei Xing	Director
Chen Shi Nan	Director
Zhou Jun	Directors, senior managers
Xu Jin Xiang	Directors, senior managers
Chen Jian Rong	Director

Tongkun Group Co Headlines

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