FAWER Automotive Parts Co (SZSE:000030) Cash-to-Debt : 1.38 (As of Mar. 2024)

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What is FAWER Automotive Parts 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. FAWER Automotive Parts Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.38.

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, FAWER Automotive Parts Co could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for FAWER Automotive Parts Co's Cash-to-Debt or its related term are showing as below:

SZSE:000030' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.94 Med: 4.2 Max: 13.66
Current: 1.38

During the past 13 years, FAWER Automotive Parts Co's highest Cash to Debt Ratio was 13.66. The lowest was 0.94. And the median was 4.20.

SZSE:000030's Cash-to-Debt is ranked better than
66.54% of 1300 companies
in the Vehicles & Parts industry
Industry Median: 0.58 vs SZSE:000030: 1.38

FAWER Automotive Parts Co Cash-to-Debt Historical Data

The historical data trend for FAWER Automotive Parts 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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FAWER Automotive Parts Co Cash-to-Debt Chart

FAWER Automotive Parts Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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4.55

4.74

5.82

2.44

1.97

FAWER Automotive Parts 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															1.82	1.92	1.76	1.97	1.38

Competitive Comparison of FAWER Automotive Parts Co's Cash-to-Debt

For the Auto Parts subindustry, FAWER Automotive Parts 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.

FAWER Automotive Parts Co's Cash-to-Debt Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, FAWER Automotive Parts Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where FAWER Automotive Parts Co's Cash-to-Debt falls into.

FAWER Automotive Parts 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.

FAWER Automotive Parts 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)
	=	2179.631	/	(653.8	+	451.757)
	=	1.97

FAWER Automotive Parts 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)
	=	1434.013	/	(598.702	+	443.814)
	=	1.38

FAWER Automotive Parts Co (SZSE:000030) 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.

FAWER Automotive Parts Co Cash-to-Debt Related Terms

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

FAWER Automotive Parts Co (SZSE:000030) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » FAWER Automotive Parts Ltd Co (SZSE:000030) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

200030:China

Address

777 Dongfeng South Street, Xixin Economic Development Zone, Jilin Province, Changchun City, CHN, 130033

Website

http://www.fawer.com.cn

FAWER Automotive Parts Ltd Co is engaged in manufacturing automotive parts and components of environment control systems, chassis systems, steering and transmission systems, safety systems, engine accessory systems.

Executives

Wang Xiao Ping	Directors, executives
Gan Xian Guo	Directors, executives
Yang Yi Ping	Executives
Du Xin Yue	Executives
Zu Xue Zhong	Executives
Ye Fan	Directors, executives
Ban Wu	Director
Niu Su Yan	Supervisors
Gong Yi Heng	Supervisors

FAWER Automotive Parts Co (SZSE:000030) Headlines

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