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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. Sole Elite Group's cash to debt ratio for the quarter that ended in Dec. 2014 was 9.61.
If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Sole Elite Groupcould pay off its debt using the cash in hand for the quarter that ended in Dec. 2014.
The historical rank and industry rank for Sole Elite Group's Cash-to-Debt or its related term are showing as below:
SOLE's Cash-to-Debt is not ranked *
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 0.49 * Ranked among companies with meaningful Cash-to-Debt only.
Sole Elite Group (NAS:SOLE) 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.
Sole Elite Group Cash-to-Debt Related Terms
Sole Elite Group Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for Sole Elite Group'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.
Sole Elite Group Cash-to-Debt Chart
Sole Elite Group Annual Data
Trend
Dec12
Dec13
Dec14
Cash-to-Debt
3.48
9.06
9.61
Sole Elite Group Semi-Annual Data
Dec12
Dec13
Dec14
Cash-to-Debt
3.48
9.06
9.61
SOLE vs FORD, JCLY, TLF: Cash-to-Debt Comparison
For the Footwear & Accessories subindustry, Sole Elite Group'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.
Sole Elite Group Cash-to-Debt vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Sole Elite Group's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Sole Elite Group's Cash-to-Debt falls into.
* 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.
Sole Elite Group (SOLE) has a Cash-to-Debt of 9.61 as of Dec. 2014.
Is Sole Elite Group's Cash-to-Debt too high?
Sole Elite Group's current Cash-to-Debt is 9.61. The Manufacturing - Apparel & Accessories industry median Cash-to-Debt is 0.49. Sole Elite Group's value of 9.61 is 1861.2% above this industry median.
How does Sole Elite Group's Cash-to-Debt compare to FORD and JCLY?
Sole Elite Group's Cash-to-Debt of 9.61 can be compared against companies in the Manufacturing - Apparel & Accessories industry. The industry median Cash-to-Debt is 0.49. Sole Elite Group's value of 9.61 is 1861.2% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash-to-Debt for a Manufacturing - Apparel & Accessories company?
The median Cash-to-Debt among Manufacturing - Apparel & Accessories companies is 0.49, based on 1,017 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Sole Elite Group's current Cash-to-Debt of 9.61 is 1861.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the Manufacturing - Apparel & Accessories industry, the median Cash-to-Debt is 0.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sole Elite Group's current Cash-to-Debt is 9.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sole Elite Group stock overvalued right now?
Sole Elite Group (SOLE) has a current Cash-to-Debt of 9.61. The current Cash-to-Debt is 9.61 and 1861.2% above the Manufacturing - Apparel & Accessories industry median of 0.49. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For Sole Elite Group (SOLE), the current Cash-to-Debt is 9.61 as of Dec. 2014. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Sole Elite Group Ltd was formed on December 10, 2014. The Company, through its subsidiaries, is engaged in the business of designing, producing and selling shoe soles. It has four product lines: RB soles, MD soles, single color IP sole and dual color IP sole products. Its manufacturing facilities in China are located in Jinjiang, Fujian Province, which has a high concentration of footwear industry participants. Sports shoe soles are made of various materials, such as EVA, RB, PU, TPE, and TPU. The core materials of shoe soles are EVA and RB. The principal raw materials used in the production of its products are EVA, rubber, TPU, color dyes and other chemical additives. Its raw materials are sourced suppliers in the PRC located in Quanzhou, Fujian Province, which is close to its production facilities. It sells products to sportswear manufacturers that are based in China, including a number of companies in the athletic wear market, including Li-Ning, 361º, ERKE and Anta. It also sells products to OEM footwear companies for international athletic brands, such as Taiwan Ching Luh, which is an OEM footwear company that is a supplier to Adidas, Reebok, Mizuno and Under Armour in Asia. Customers use its products as components in the athletic footwear that it sells to end consumers, athletic wear companies and shoe distributors. Its customer includes Fujian Ching Luh Shoes Co., Ltd., which is an OEM footwear company that is a supplier to Adidas, Reebok, Mizuno and Under Armour. Its direct competition comes from various shoe sole production companies in China, such as Multi Sports Holding Ltd., Victory New Materials Limited Company, Fenghua SoleTech AG, Tai Ya Shoes Co., Ltd., Mao Tai (Fujian) Soles Co., Ltd. and Xing Quan International Sports Holdings Limited. It currently hold four PRC patents. The Company is subject to all China's national and local laws and regulations, including those related to environmental protection, foreign currency, property ownership and taxation.
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