Shandong Huifa Foodstuff Co (SHSE:603536) Cash-to-Debt : 0.40 (As of Sep. 2024)

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What is Shandong Huifa Foodstuff 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. Shandong Huifa Foodstuff Co's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.40.

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, Shandong Huifa Foodstuff 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 Shandong Huifa Foodstuff Co's Cash-to-Debt or its related term are showing as below:

SHSE:603536' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.22 Med: 0.53 Max: 0.83
Current: 0.4

During the past 12 years, Shandong Huifa Foodstuff Co's highest Cash to Debt Ratio was 0.83. The lowest was 0.22. And the median was 0.53.

SHSE:603536's Cash-to-Debt is ranked worse than
54.68% of 1871 companies
in the Consumer Packaged Goods industry
Industry Median: 0.52 vs SHSE:603536: 0.40

Shandong Huifa Foodstuff Co Cash-to-Debt Historical Data

The historical data trend for Shandong Huifa Foodstuff 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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Shandong Huifa Foodstuff Co Cash-to-Debt Chart

Shandong Huifa Foodstuff Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.61

0.63

0.51

0.53

0.40

Shandong Huifa Foodstuff 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															0.40	0.40	0.58	0.49	0.40

Competitive Comparison of Shandong Huifa Foodstuff Co's Cash-to-Debt

For the Packaged Foods subindustry, Shandong Huifa Foodstuff 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.

Shandong Huifa Foodstuff Co's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Shandong Huifa Foodstuff Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Shandong Huifa Foodstuff Co's Cash-to-Debt falls into.

Shandong Huifa Foodstuff 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.

Shandong Huifa Foodstuff 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)
	=	208.897	/	(483.085	+	43.963)
	=	0.40

Shandong Huifa Foodstuff 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)
	=	235.913	/	(547.28	+	39.465)
	=	0.40

Shandong Huifa Foodstuff Co (SHSE:603536) 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.

Shandong Huifa Foodstuff Co Cash-to-Debt Related Terms

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

Shandong Huifa Foodstuff Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Shandong Huifa Foodstuff Co Ltd (SHSE:603536) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

139 Shuncheng Road, Shandong Province, Zhucheng, CHN, 262200

Website

http://www.huifafoods.com

Shandong Huifa Foodstuff Co Ltd is a China based company engages in the research and development, production and sales of frozen food products. Its products include frozen noodles and meat, ready-to-eat meatballs, fried food, pre-packaged food, vegetables, sausage, seafood, meal food and other frozen food and beverages.

Executives

Zang Fang Yun	senior management
Zhang Qing Yu	senior management
Wei Xue Jun	senior management
Li Yu Jun	senior management
Hui Min	senior management
Liu Hai Wei	senior management
Dong Xue	senior management
Jie Pei Jin	senior management
Wang Rui Rong	senior management
Song Zhang Wei	Director
Hui Zeng Yu	Directors, senior managers
Meng Gao Dong	senior management

Shandong Huifa Foodstuff Co Headlines

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