Kingfore Energy Group Co (SZSE:001210) Cash-to-Debt : 263.72 (As of Sep. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Kingfore Energy 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. Kingfore Energy Group Co's cash to debt ratio for the quarter that ended in Sep. 2024 was 263.72.

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, Kingfore Energy Group Co could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

The historical rank and industry rank for Kingfore Energy Group Co's Cash-to-Debt or its related term are showing as below:

SZSE:001210' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.04 Med: 50.36 Max: No Debt
Current: 263.72

During the past 10 years, Kingfore Energy Group Co's highest Cash to Debt Ratio was No Debt. The lowest was 2.04. And the median was 50.36.

SZSE:001210's Cash-to-Debt is ranked better than
93.82% of 2445 companies
in the Hardware industry
Industry Median: 1.45 vs SZSE:001210: 263.72

Kingfore Energy Group Co Cash-to-Debt Historical Data

The historical data trend for Kingfore Energy 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.

Kingfore Energy Group Co Cash-to-Debt Chart

Kingfore Energy Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

188.92

26.39

416.19

118.77

390.74

Kingfore Energy Group 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															32.11	390.74	239.36	239.65	263.72

Competitive Comparison of Kingfore Energy Group Co's Cash-to-Debt

For the Electronic Components subindustry, Kingfore Energy 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.

Kingfore Energy Group Co's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Kingfore Energy Group Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Kingfore Energy Group Co's Cash-to-Debt falls into.

Save Embed

;

Save Embed

;

Kingfore Energy 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.

Kingfore Energy 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)
	=	857.282	/	(0.613	+	1.581)
	=	390.74

Kingfore Energy Group 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)
	=	641.107	/	(0.422	+	2.009)
	=	263.72

Kingfore Energy Group Co (SZSE:001210) 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.

Kingfore Energy Group Co Cash-to-Debt Related Terms

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

Kingfore Energy Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Kingfore Energy Group Co Ltd (SZSE:001210) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

No. 9 Chaoqian Road, Room 2273, Block B, Changping District, Beijing, CHN, 100021

Website

http://www.kingfore.net

Kingfore Energy Group Co Ltd formerly Beijing Kingfore HV & Energy Conservation Technology Co Ltd focuses on heating investment and operation, energy-saving transformation in the heating field. Further, it is also involved in the research and development, production and sales of energy-saving products.

Kingfore Energy Group Co Headlines

No Headlines