Ribo Fashion Group Co (SHSE:603196) Cash-to-Debt : 0.80 (As of Mar. 2024)

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What is Ribo Fashion 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. Ribo Fashion Group Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.80.

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, Ribo Fashion Group Co couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

SHSE:603196' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.55 Med: 2.58 Max: No Debt
Current: 0.8

During the past 12 years, Ribo Fashion Group Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.55. And the median was 2.58.

SHSE:603196's Cash-to-Debt is ranked better than
60.24% of 1016 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.48 vs SHSE:603196: 0.80

Ribo Fashion Group Co Cash-to-Debt Historical Data

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

Ribo Fashion Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

5.48

2.31

0.84

0.91

Ribo Fashion Group 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															0.71	0.55	0.91	0.91	0.80

Competitive Comparison of Ribo Fashion Group Co's Cash-to-Debt

For the Apparel Manufacturing subindustry, Ribo Fashion 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.

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

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

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

Ribo Fashion 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.

Ribo Fashion 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)
	=	122.465	/	(100.749	+	34.105)
	=	0.91

Ribo Fashion Group 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)
	=	100.882	/	(96.703	+	28.824)
	=	0.80

Ribo Fashion Group Co (SHSE:603196) 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.

Ribo Fashion Group Co Cash-to-Debt Related Terms

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

Ribo Fashion Group Co (SHSE:603196) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Ribo Fashion Group Co Ltd (SHSE:603196) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 98, Rongyang Road, Zhongshan Street, Songjiang District, Shanghai, CHN, 201600

Website

http://www.ribo.cn

Ribo Fashion Group Co Ltd is engaged in the creative design of quality clothing, process technology, research and development and production and sales, focusing on high-end fashion women's clothing field. Its main products include blouses and shirts, coats, trousers, dresses and skirts and others. The company sells its products under the Broadcast, Personal Point, TAORAY WANG, and CRZ brands.

Executives

Zhang Yun Ju	senior management
Wang Cheng Yu	Directors, senior managers
Lin Liang	Directors, senior managers
Wang Wei Dong	Director
Zheng Zheng	Director

Ribo Fashion Group Co (SHSE:603196) Headlines

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