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Suzhou Longjie Special Fiber Co (SHSE:603332) Cash-to-Debt : 40.39 (As of Mar. 2024)


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What is Suzhou Longjie Special Fiber 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. Suzhou Longjie Special Fiber Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 40.39.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Suzhou Longjie Special Fiber Co could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

(1) 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.

The historical rank and industry rank for Suzhou Longjie Special Fiber Co's Cash-to-Debt or its related term are showing as below:

SHSE:603332' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.32   Med: No Debt   Max: No Debt
Current: 40.39

During the past 10 years, Suzhou Longjie Special Fiber Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.32. And the median was No Debt.

SHSE:603332's Cash-to-Debt is ranked better than
91.41% of 1036 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.47 vs SHSE:603332: 40.39

Suzhou Longjie Special Fiber Co Cash-to-Debt Historical Data

The historical data trend for Suzhou Longjie Special Fiber 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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Suzhou Longjie Special Fiber Co Cash-to-Debt Chart

Suzhou Longjie Special Fiber Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash-to-Debt
Get a 7-Day Free Trial Premium Member Only Premium Member Only No Debt No Debt No Debt 128.00 No Debt

Suzhou Longjie Special Fiber 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 38.05 63.37 38.24 No Debt 40.39

Competitive Comparison of Suzhou Longjie Special Fiber Co's Cash-to-Debt

For the Textile Manufacturing subindustry, Suzhou Longjie Special Fiber 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.


Suzhou Longjie Special Fiber Co's Cash-to-Debt Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Suzhou Longjie Special Fiber Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Suzhou Longjie Special Fiber Co's Cash-to-Debt falls into.



Suzhou Longjie Special Fiber 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.

Suzhou Longjie Special Fiber Co's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Suzhou Longjie Special Fiber Co had no debt (1).

Suzhou Longjie Special Fiber Co's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

* 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.


Suzhou Longjie Special Fiber Co  (SHSE:603332) 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.


Suzhou Longjie Special Fiber Co Cash-to-Debt Related Terms

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Suzhou Longjie Special Fiber Co (SHSE:603332) Business Description

Traded in Other Exchanges
N/A
Address
No.19 Zhenxing Raod, Zhangjiagang Economic Development Zone, Jiangsu, CHN, 215600
Suzhou Longjie Special Fiber Co Ltd is engaged in the production of polyester filaments. The company's products cover five series, namely differentiated FDY, differentiated POY, differentiated DTY, differentiated polyester industrial yarns and new type polyester fiber. Its main products include differentiated civil fiber products like FDY island composite fiber, DTY island composite fiber, DTY eco-friendly three-dimensional composite colored fiber, FDY flat filament series products, monocomponent potential controllable crimpled fiber, and PTT fiber, and various polyester industrial filaments.

Suzhou Longjie Special Fiber Co (SHSE:603332) Headlines

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