Luthai Textile Co (SZSE:200726) Cash-to-Debt : 0.86 (As of Mar. 2024)

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What is Luthai Textile 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. Luthai Textile Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.86.

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, Luthai Textile 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 Luthai Textile Co's Cash-to-Debt or its related term are showing as below:

SZSE:200726' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.29 Med: 0.64 Max: 1.14
Current: 0.86

During the past 13 years, Luthai Textile Co's highest Cash to Debt Ratio was 1.14. The lowest was 0.29. And the median was 0.64.

SZSE:200726's Cash-to-Debt is ranked better than
61.44% of 1014 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.48 vs SZSE:200726: 0.86

Luthai Textile Co Cash-to-Debt Historical Data

The historical data trend for Luthai Textile 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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Luthai Textile Co Cash-to-Debt Chart

Luthai Textile Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.43

0.57

0.62

0.92

0.91

Luthai Textile 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															0.91	0.91	0.81	0.91	0.86

Competitive Comparison of Luthai Textile Co's Cash-to-Debt

For the Textile Manufacturing subindustry, Luthai Textile 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.

Luthai Textile Co's Cash-to-Debt Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Luthai Textile Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Luthai Textile Co's Cash-to-Debt falls into.

Luthai Textile 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.

Luthai Textile 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)
	=	2496.06	/	(740.392	+	1994.118)
	=	0.91

Luthai Textile 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)
	=	2874.458	/	(700.893	+	2633.836)
	=	0.86

Luthai Textile Co (SZSE:200726) 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.

Luthai Textile Co Cash-to-Debt Related Terms

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

Luthai Textile Co (SZSE:200726) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Luthai Textile Co Ltd (SZSE:200726) » Definitions » Cash-to-Debt

Traded in Other Exchanges

000726:China

Address

Number 11, Mingbo Road, High-tech Industry Development Zone, Shandong, Zibo, CHN, 255086

Website

http://www.lttc.com.cn

Luthai Textile Co Ltd is a China-based company. Its business includes the production, processing and sales business of cotton yarn, yarn dyed fabrics, shirts, fashion accessories, health underwear and other textile products and their mating products; design, Research and development, technology services of the textile and garment products. It has four segments which are Textile and apparel, Cotton, Electricity and steam, and Other. Most of the revenue generated from the Textile and apparel segment.

Executives

Pan Ping Li	Executives
Liu Zi Long	Supervisors
Qin Gui Ling	Secretary, Director
Zhang Hong Mei	Executives
Lv Yong Chen	Executives
Wang Fang Shui	Directors, executives
Zheng Wei Yin	Securities Affairs Representative
Zhu Ling Wen	Supervisors
Liu Shi Zhen	Director
Zhang Ke Ming	Executives
Bai Nian Yue	Executives
Zhang Shou Gang	Executives
Zhang Jian Xiang	Executives
Yu Yong Bin	Executives
Li Tong Min	Supervisors

Luthai Textile Co (SZSE:200726) Headlines

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