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FGI Industries (FGI Industries) Cash-to-Debt : 0.35 (As of Dec. 2023)


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What is FGI Industries 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. FGI Industries's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.35.

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, FGI Industries 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 FGI Industries's Cash-to-Debt or its related term are showing as below:

FGI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.14   Med: 0.2   Max: 0.53
Current: 0.35

During the past 5 years, FGI Industries's highest Cash to Debt Ratio was 0.53. The lowest was 0.14. And the median was 0.20.

FGI's Cash-to-Debt is ranked worse than
69.91% of 422 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.94 vs FGI: 0.35

FGI Industries Cash-to-Debt Historical Data

The historical data trend for FGI Industries'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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FGI Industries Cash-to-Debt Chart

FGI Industries Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Cash-to-Debt
0.14 0.20 0.17 0.53 0.35

FGI Industries Quarterly Data
Dec19 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.53 0.31 0.29 0.23 0.35

Competitive Comparison of FGI Industries's Cash-to-Debt

For the Furnishings, Fixtures & Appliances subindustry, FGI Industries'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.


FGI Industries's Cash-to-Debt Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, FGI Industries's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where FGI Industries's Cash-to-Debt falls into.



FGI Industries 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.

FGI Industries's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

FGI Industries's Cash to Debt Ratio for the quarter that ended in Dec. 2023 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.


FGI Industries  (NAS:FGI) 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.


FGI Industries Cash-to-Debt Related Terms

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


FGI Industries (FGI Industries) Business Description

Traded in Other Exchanges
N/A
Address
906 Murray Road, East Hanover, NJ, USA, 07869
FGI Industries Ltd is a supplier of kitchen and bath products. It offers sanitaryware, bath furniture, shower systems, customer kitchen cabinetry, and other accessory items. It is business to business supplier of bath and kitchen products to large retail, wholesale, commercial, and specialty channel customers around the globe. its revenue is generated by sanitaryware. Geographically it operates in the United States, Canada, Europe, Rest of the World, and the majority of its revenue comes from the United States.
Executives
Todd M. Heysse director 906 MURRAY ROAD, EAST HANOVER NJ 07869
Myong Jae Chung director 906 MURRAY ROAD, EAST HANOVER NJ 07869
Kellie Z. Weir director 906 MURRAY ROAD, EAST HANOVER NJ 07869
John Shu-nan Chen director, officer: Executive Chairman 906 MURRAY ROAD, EAST HANOVER NJ 07869
David E. Bruce director, officer: Chief Executive Officer 906 MURRAY ROAD, EAST HANOVER NJ 07869
Jennifer Earl officer: Executive VP, Canada 906 MURRAY ROAD, EAST HANOVER NJ 07869
Perry Lin officer: Chief Financial Officer 906 MURRAY ROAD, EAST HANOVER NJ 07869
Robert Kermelewicz officer: Executive VP, United States 906 MURRAY ROAD, EAST HANOVER NJ 07869
Foremost Groups Ltd 10 percent owner 906 MURRAY ROAD, EAST HANOVER NJ 07869
Norman Kroenke officer: Executive VP, Europe 906 MURRAY ROAD, EAST HANOVER NJ 07869

FGI Industries (FGI Industries) Headlines