Fortune Valley Treasures (Fortune Valley Treasures) Cash-to-Debt : 0.29 (As of Dec. 2023)

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What is Fortune Valley Treasures 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. Fortune Valley Treasures's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.29.

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, Fortune Valley Treasures couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Fortune Valley Treasures's Cash-to-Debt or its related term are showing as below:

FVTI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.16 Med: 0.34 Max: No Debt
Current: 0.29

During the past 9 years, Fortune Valley Treasures's highest Cash to Debt Ratio was No Debt. The lowest was 0.16. And the median was 0.34.

FVTI's Cash-to-Debt is ranked worse than
59.13% of 208 companies
in the Beverages - Alcoholic industry
Industry Median: 0.52 vs FVTI: 0.29

Fortune Valley Treasures Cash-to-Debt Historical Data

The historical data trend for Fortune Valley Treasures'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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Fortune Valley Treasures Cash-to-Debt Chart

Fortune Valley Treasures Annual Data

Trend

Aug15

Aug16

Aug17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.34

0.38

0.16

0.20

0.29

Fortune Valley Treasures Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.20	0.01	0.05	0.01	0.29

Competitive Comparison of Fortune Valley Treasures's Cash-to-Debt

For the Beverages - Wineries & Distilleries subindustry, Fortune Valley Treasures'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.

Fortune Valley Treasures's Cash-to-Debt Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Fortune Valley Treasures's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Fortune Valley Treasures's Cash-to-Debt falls into.

Fortune Valley Treasures 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.

Fortune Valley Treasures'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)
	=	0.288	/	(0.595	+	0.406)
	=	0.29

Fortune Valley Treasures's Cash to Debt Ratio for the quarter 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)
	=	0.288	/	(0.595	+	0.406)
	=	0.29

Fortune Valley Treasures (OTCPK:FVTI) 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.

Fortune Valley Treasures Cash-to-Debt Related Terms

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

Fortune Valley Treasures (Fortune Valley Treasures) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Fortune Valley Treasures Inc (OTCPK:FVTI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 139 Liansheng Road, B1601 Oriental Impression Building 2, Humen Town, Dongguan, Guangdong, CHN, 523900

Website

http://www.fvti.show

Fortune Valley Treasures Inc is engaged in operations of wholesale distribution and retail sales of food and beverage products in the People's Republic of China. The company is into acquiring businesses that are in the food, beverage, and alcohol industries. Its products include a variety of wines, such as dry red wine, dry white wine, rose wine, and sweet wine, and other products. Its products are sold to retailers, such as wine shops, convenience stores, and supermarkets.

Executives

Kaihong Lin	director, officer: CFO, Treasurer, Director	NO. 10 OF TUANJIE 2ND ROAD, BEICE, HUMEN, DONGGUAN, GUANGDONG F4 518000
Xinlong Shen	director, officer: CEO, CFO	19F, LIANHE TOWER, 1069 NANHAI AVE,, NANSHAN DISTRICT, SHENZHEN F4 518000

Fortune Valley Treasures (Fortune Valley Treasures) Headlines

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