Zhong Fu Tong Group Co (SZSE:300560) Cash-to-Debt : 0.87 (As of Mar. 2024)

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What is Zhong Fu Tong 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. Zhong Fu Tong Group Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.87.

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, Zhong Fu Tong Group 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 Zhong Fu Tong Group Co's Cash-to-Debt or its related term are showing as below:

SZSE:300560' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.15 Med: 0.94 Max: 9.14
Current: 0.87

During the past 13 years, Zhong Fu Tong Group Co's highest Cash to Debt Ratio was 9.14. The lowest was 0.15. And the median was 0.94.

SZSE:300560's Cash-to-Debt is ranked better than
65.62% of 381 companies
in the Telecommunication Services industry
Industry Median: 0.35 vs SZSE:300560: 0.87

Zhong Fu Tong Group Co Cash-to-Debt Historical Data

The historical data trend for Zhong Fu Tong 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.

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Zhong Fu Tong Group Co Cash-to-Debt Chart

Zhong Fu Tong Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.36

1.26

1.12

1.08

1.01

Zhong Fu Tong Group 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															0.99	0.90	0.85	1.01	0.87

Competitive Comparison of Zhong Fu Tong Group Co's Cash-to-Debt

For the Telecom Services subindustry, Zhong Fu Tong 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.

Zhong Fu Tong Group Co's Cash-to-Debt Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Zhong Fu Tong Group Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Zhong Fu Tong Group Co's Cash-to-Debt falls into.

Zhong Fu Tong 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.

Zhong Fu Tong 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)
	=	753.488	/	(632.697	+	116.504)
	=	1.01

Zhong Fu Tong Group 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)
	=	661.424	/	(658.424	+	98.148)
	=	0.87

Zhong Fu Tong Group Co (SZSE:300560) 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.

Zhong Fu Tong Group Co Cash-to-Debt Related Terms

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

Zhong Fu Tong Group Co (SZSE:300560) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Zhong Fu Tong Group Co Ltd (SZSE:300560) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Software Avenue, Tongpan Road, Software Park, No. 89, Floors 20, 21, 22, Building 4, F Zone, Gulou District, Fujian Province, Fuzhou, CHN, 350003

Website

http://www.zftii.com

Zhong Fu Tong Group Co Ltd operates in the communication technology service industry. The company is mainly engaged in the communication network construction, maintenance, and optimization services. In addition, the company also provides system solutions such as ad hoc networks, ICTs, and the Internet of Things. The company primarily serves the people's liberation army, the armed police, government functions and communications operators such as China Mobile, China Telecom, China Unicom, China Tower as well as communication equipment suppliers.

Executives

Ke Hong Hui	Director
Chen Rong Jie	Director
Huang Xiao Ming	Supervisors
Yang Wei Min	Independent director
Wang Bei Yi	Supervisors

Zhong Fu Tong Group Co (SZSE:300560) Headlines

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