Funeng Oriental Equipment Technology Co (SZSE:300173) Cash-to-Debt : 0.46 (As of Mar. 2024)

View and export this data going back to 2011. Start your Free Trial

What is Funeng Oriental Equipment Technology 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. Funeng Oriental Equipment Technology Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.46.

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, Funeng Oriental Equipment Technology 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 Funeng Oriental Equipment Technology Co's Cash-to-Debt or its related term are showing as below:

SZSE:300173' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.24 Med: 0.95 Max: 3.83
Current: 0.46

During the past 13 years, Funeng Oriental Equipment Technology Co's highest Cash to Debt Ratio was 3.83. The lowest was 0.24. And the median was 0.95.

SZSE:300173's Cash-to-Debt is ranked worse than
69.21% of 3004 companies
in the Industrial Products industry
Industry Median: 1.22 vs SZSE:300173: 0.46

Funeng Oriental Equipment Technology Co Cash-to-Debt Historical Data

The historical data trend for Funeng Oriental Equipment Technology 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.

Funeng Oriental Equipment Technology Co Cash-to-Debt Chart

Funeng Oriental Equipment Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.45

2.11

0.85

0.73

0.72

Funeng Oriental Equipment Technology 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															0.78	1.22	1.01	0.72	0.46

Competitive Comparison of Funeng Oriental Equipment Technology Co's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Funeng Oriental Equipment Technology 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.

Funeng Oriental Equipment Technology Co's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Funeng Oriental Equipment Technology Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Funeng Oriental Equipment Technology Co's Cash-to-Debt falls into.

Funeng Oriental Equipment Technology 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.

Funeng Oriental Equipment Technology 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)
	=	378.018	/	(425.718	+	97.489)
	=	0.72

Funeng Oriental Equipment Technology 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)
	=	299.749	/	(491.542	+	155.938)
	=	0.46

Funeng Oriental Equipment Technology Co (SZSE:300173) 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.

Funeng Oriental Equipment Technology Co Cash-to-Debt Related Terms

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

Funeng Oriental Equipment Technology Co (SZSE:300173) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Funeng Oriental Equipment Technology Co Ltd (SZSE:300173) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jihua 6th Road, Zumiao Street, Chancheng District, 3301-3310, Building 5, Greenland Center, No. 17, Guangdong Province, Foshan, CHN, 528010

Website

http://www.songde.com.cn

Funeng Oriental Equipment Technology Co Ltd, formerly Sotech Smarter Equipment Co Ltd is engaged in manufacturing printing and converting machinery in China. It provides a variety of equipment for the customization requirements of various industries. Its products include rotogravure and flexographic printing machines, extrusion machines, slitting rewinders, coating machines, extrusion coaters and laminating machines.

Executives

He Zhi Pan	Director
Guo Jing Song	Directors, executives
Liu Yao Yuan	Supervisors
Lei Wan Chun	Directors, executives
Zhang Xiao Ling	Director
Zhang Xing Bin	Director
Liu Shuo	Executives
Yu Xiao Lan	Supervisors
Guo Xiao Chun	Supervisors
Tang Xian Shi	Director
Qin Bo	Director
Liu Guo Qin	Supervisors
Huang Yan Ling	Executives
Li Yong Cheng	Executives

Funeng Oriental Equipment Technology Co (SZSE:300173) Headlines

No Headlines