China Fishery Group (China Fishery Group) Cash-to-Debt : 0.05 (As of Jun. 2015)

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What is China Fishery Group 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. China Fishery Group's cash to debt ratio for the quarter that ended in Jun. 2015 was 0.05.

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, China Fishery Group couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2015.

The historical rank and industry rank for China Fishery Group's Cash-to-Debt or its related term are showing as below:

CIFHY's Cash-to-Debt is not ranked ^*
in the Consumer Packaged Goods industry.
Industry Median: 0.53
* Ranked among companies with meaningful Cash-to-Debt only.

China Fishery Group Cash-to-Debt Historical Data

The historical data trend for China Fishery Group'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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China Fishery Group Cash-to-Debt Chart

China Fishery Group Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Sep09

Sep10

Sep11

Sep12

Sep13

Sep14

Cash-to-Debt

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0.07

0.05

0.09

0.06

0.11

China Fishery Group Quarterly Data
	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15
Cash-to-Debt	Get a 7-Day Free Trial															0.11	0.11	0.15	0.12	0.05

Competitive Comparison of China Fishery Group's Cash-to-Debt

For the Packaged Foods subindustry, China Fishery Group'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.

China Fishery Group's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, China Fishery Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where China Fishery Group's Cash-to-Debt falls into.

China Fishery Group 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.

China Fishery Group's Cash to Debt Ratio for the fiscal year that ended in Sep. 2014 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)
	=	129.086	/	(303.607	+	908.506)
	=	0.11

China Fishery Group's Cash to Debt Ratio for the quarter that ended in Jun. 2015 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)
	=	41.275	/	(294.642	+	575.022)
	=	0.05

China Fishery Group (OTCPK:CIFHY) 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.

China Fishery Group Cash-to-Debt Related Terms

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China Fishery Group (China Fishery Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » China Fishery Group Ltd (OTCPK:CIFHY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

188 Connaught Road West, Room 3312-3314, Hong Kong Plaza, Hong Kong, HKG

Website

http://www.chinafisherygroup.com

China Fishery Group Ltd is a Hong Kong-based industrial fishing company with access to fish in some of the fishing grounds, including the Anchovy fishery in Peru. Business activity of the firm is functioned through three reportable segments namely contract supply business, Peruvian fishmeal, and China fishery fleet. It offers fish products in various forms, such as frozen whole, headed and gutted, frozen fillets, and fish roe and milt for wholesalers and food processors, as well as sells fish meal and oil products for fish meal and oil distributors, and Omega-3 capsule manufacturers. Geographically, its business presence can be seen across the region of China, Europe, South America, Africa and Australia.

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