Shenzhen FRD Science & Techonology Co (SZSE:300602) Cash-to-Debt : 0.91 (As of Sep. 2024)

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What is Shenzhen FRD Science & Techonology 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. Shenzhen FRD Science & Techonology Co's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.91.

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, Shenzhen FRD Science & Techonology Co couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

The historical rank and industry rank for Shenzhen FRD Science & Techonology Co's Cash-to-Debt or its related term are showing as below:

SZSE:300602' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.34 Med: 1.24 Max: No Debt
Current: 0.91

During the past 12 years, Shenzhen FRD Science & Techonology Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.34. And the median was 1.24.

SZSE:300602's Cash-to-Debt is ranked worse than
57.43% of 2443 companies
in the Hardware industry
Industry Median: 1.31 vs SZSE:300602: 0.91

Shenzhen FRD Science & Techonology Co Cash-to-Debt Historical Data

The historical data trend for Shenzhen FRD Science & Techonology 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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Shenzhen FRD Science & Techonology Co Cash-to-Debt Chart

Shenzhen FRD Science & Techonology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.77

1.55

0.64

0.34

0.93

Shenzhen FRD Science & Techonology 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															0.89	0.93	0.84	0.96	0.91

Competitive Comparison of Shenzhen FRD Science & Techonology Co's Cash-to-Debt

For the Electronic Components subindustry, Shenzhen FRD Science & Techonology 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.

Shenzhen FRD Science & Techonology Co's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Shenzhen FRD Science & Techonology Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Shenzhen FRD Science & Techonology Co's Cash-to-Debt falls into.

Shenzhen FRD Science & Techonology 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.

Shenzhen FRD Science & Techonology 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)
	=	1254.009	/	(878.143	+	472.707)
	=	0.93

Shenzhen FRD Science & Techonology 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)
	=	1374.84	/	(1065.525	+	452.04)
	=	0.91

Shenzhen FRD Science & Techonology Co (SZSE:300602) 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.

Shenzhen FRD Science & Techonology Co Cash-to-Debt Related Terms

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

Shenzhen FRD Science & Techonology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shenzhen FRD Science & Techonology Co Ltd (SZSE:300602) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

No. 8 Gaofa Industrial Park, Maotoushan, FRD Building, Beihuan Boulevard, 1st to 6th Floor, Nanshan District, Guangdong Province, Shenzhen, CHN, 518055

Website

http://www.frd.cn

Shenzhen FRD Science & Techonology Co Ltd is a China based company engaged in manufacturing of EMI shielding materials, Thermal interface materials and other related electronic materials. The company has a business presence in China, and other countries. EMI shielding materials include metal shielding products, electrically conductive elastomer, fabric over foam and conductive, electrically conductive plastics, and microwave absorber. Thermal materials comprise graphite film, thermal interface material, and thermally conductive plastics. The other supporting materials offered by the entity are PUR hot melt adhesive, and graphics overlay and labels.

Executives

Shi Wei Min	Executives
Ma Fei	Director
Du Jin Song	Directors, executives
Zhang Quan Hong	Executives
Xie Huo Gui	Supervisors
Liu Yi	Executives
Wang Yan	Directors, executives
Ma Jun	Directors, executives
Lan Yu Hong	Executives
Qiu Huan Wen	Directors, executives
Lai Xiang Dong	Independent director

Shenzhen FRD Science & Techonology Co Headlines

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