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China Fortune Investments (Holding) (STU:NLY5) Cash-to-Debt : No Debt (1) (As of Jun. 2021)


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What is China Fortune Investments (Holding) 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. China Fortune Investments (Holding)'s cash to debt ratio for the quarter that ended in Jun. 2021 was No Debt (1).

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, China Fortune Investments (Holding) could pay off its debt using the cash in hand for the quarter that ended in Jun. 2021.

(1) 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.

The historical rank and industry rank for China Fortune Investments (Holding)'s Cash-to-Debt or its related term are showing as below:

STU:NLY5' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01   Med: 0.68   Max: No Debt
Current: No Debt

During the past 13 years, China Fortune Investments (Holding)'s highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 0.68.

STU:NLY5's Cash-to-Debt is not ranked
in the Retail - Cyclical industry.
Industry Median: 0.46 vs STU:NLY5: No Debt

China Fortune Investments (Holding) Cash-to-Debt Historical Data

The historical data trend for China Fortune Investments (Holding)'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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China Fortune Investments (Holding) Cash-to-Debt Chart

China Fortune Investments (Holding) Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Cash-to-Debt
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.81 0.95 0.08 0.06 1.24

China Fortune Investments (Holding) Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.06 N/A 1.24 N/A No Debt

Competitive Comparison of China Fortune Investments (Holding)'s Cash-to-Debt

For the Specialty Retail subindustry, China Fortune Investments (Holding)'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.

China Fortune Investments (Holding)'s Cash-to-Debt Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, China Fortune Investments (Holding)'s Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where China Fortune Investments (Holding)'s Cash-to-Debt falls into.


China Fortune Investments (Holding) 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.

China Fortune Investments (Holding)'s Cash to Debt Ratio for the fiscal year that ended in Dec. 2020 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)
=2.106 / (1.693 + 0)
=1.24

China Fortune Investments (Holding)'s Cash to Debt Ratio for the quarter that ended in Jun. 2021 is calculated as:

China Fortune Investments (Holding) had no debt (1).

* 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.

China Fortune Investments (Holding)  (STU:NLY5) 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.

China Fortune Investments (Holding) Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of China Fortune Investments (Holding)'s Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

China Fortune Investments (Holding) (STU:NLY5) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » China Fortune Investments (Holding) Ltd (STU:NLY5) » Definitions » Cash-to-Debt
Comparable Companies
HKSE:01711 HKSE:08395 HKSE:08536 HKSE:02122 HKSE:01545 HKSE:01280 HKSE:08473 HKSE:00915 HKSE:01572 HKSE:01939 ORLY AZO BBY TSE:9843 BSP:MGLU3 TSCO ULTA SZSE:002024 GPC ADX:ADNOCDIST
Traded in Other Exchanges
N/A
Address
168-200 Connaught Road Central, Shops 212-213, 2nd Floor, Shun tak Centre, Sheung Wan, Hong Kong, HKG
Website
https://www.cfihk.com.hk
China Fortune Investments (Holding) Ltd is an investment holding company, engages in the wholesale and retail of wines and cigars and golf products in Hong Kong. The company offers red wines, white wines, champagnes, whiskeys and other liquors and spirits; and golf-related products, such as golf clubs, balls, shoes, gloves, clothing and other accessories of various brands. It operates through the following segments: Sale of Wine and Cigar; Sale of Golf Products; Sale of Watch and Jewellery; Provision of Money Lending Services, and Others. The firm's Wine and Cigar segment generate major revenue for the firm.

China Fortune Investments (Holding) (STU:NLY5) Headlines

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