Shanghai Kindly Enterprise Development Group Co (SHSE:603987) Cash-to-Debt : 0.48 (As of Mar. 2024)

View and export this data going back to 2016. Start your Free Trial

What is Shanghai Kindly Enterprise Development 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. Shanghai Kindly Enterprise Development Group Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.48.

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 Kindly Enterprise Development 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 Shanghai Kindly Enterprise Development Group Co's Cash-to-Debt or its related term are showing as below:

SHSE:603987' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.31 Med: 1.6 Max: 271.15
Current: 0.48

During the past 13 years, Shanghai Kindly Enterprise Development Group Co's highest Cash to Debt Ratio was 271.15. The lowest was 0.31. And the median was 1.60.

SHSE:603987's Cash-to-Debt is ranked worse than
73.75% of 857 companies
in the Medical Devices & Instruments industry
Industry Median: 1.87 vs SHSE:603987: 0.48

Shanghai Kindly Enterprise Development Group Co Cash-to-Debt Historical Data

The historical data trend for Shanghai Kindly Enterprise Development 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.

* Premium members only.

Shanghai Kindly Enterprise Development Group Co Cash-to-Debt Chart

Shanghai Kindly Enterprise Development Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

2.30

2.27

1.45

0.55

0.64

Shanghai Kindly Enterprise Development 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															0.56	0.48	0.48	0.64	0.48

Competitive Comparison of Shanghai Kindly Enterprise Development Group Co's Cash-to-Debt

For the Medical Instruments & Supplies subindustry, Shanghai Kindly Enterprise Development 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.

Shanghai Kindly Enterprise Development Group Co's Cash-to-Debt Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Shanghai Kindly Enterprise Development Group Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Shanghai Kindly Enterprise Development Group Co's Cash-to-Debt falls into.

Shanghai Kindly Enterprise Development 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.

Shanghai Kindly Enterprise Development 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)
	=	510.536	/	(725.805	+	77.005)
	=	0.64

Shanghai Kindly Enterprise Development 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)
	=	365.762	/	(667.647	+	93.59)
	=	0.48

Shanghai Kindly Enterprise Development Group Co (SHSE:603987) 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 Kindly Enterprise Development Group Co Cash-to-Debt Related Terms

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

Shanghai Kindly Enterprise Development Group Co (SHSE:603987) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Shanghai Kindly Enterprise Development Group Co Ltd (SHSE:603987) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Gaochao Road, 2 Floor, Building 1, No. 658, Jiading District, Shanghai, CHN, 201803

Website

http://www.kdlchina.cn

Shanghai Kindly Enterprise Development Group Co Ltd is the manufacturer of medical polymer products in China. The principal business activities include research and development, production and sales of medical puncture devices. Its product portfolio comprises infusion sets, transfusion sets, medical tubes, medical package material, needle and cannula, medical bags and medical kits.

Executives

Xiang Jian Yong	Directors, senior managers
Gu Jia Jun	Directors, senior managers
Zhang Zeng Hua	Director
Chen Hong Qin	Director
Shen Xiao Ru	senior management
Zhang Wei Xin	Directors, senior managers
Zhang Yong	senior management
Wang Cai Liang	Director

Shanghai Kindly Enterprise Development Group Co (SHSE:603987) Headlines

No Headlines