Lafang China Co (SHSE:603630) Cash-to-Debt : 514.23 (As of Mar. 2024)

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What is Lafang China 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. Lafang China Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 514.23.

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, Lafang China Co could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

SHSE:603630' s Cash-to-Debt Range Over the Past 10 Years
Min: 236.64 Med: No Debt Max: No Debt
Current: 514.23

During the past 12 years, Lafang China Co's highest Cash to Debt Ratio was No Debt. The lowest was 236.64. And the median was No Debt.

SHSE:603630's Cash-to-Debt is ranked better than
93.89% of 1799 companies
in the Consumer Packaged Goods industry
Industry Median: 0.52 vs SHSE:603630: 514.23

Lafang China Co Cash-to-Debt Historical Data

The historical data trend for Lafang China 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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Lafang China Co Cash-to-Debt Chart

Lafang China Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

256.04

311.67

236.79

426.97

Lafang China 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															277.41	294.93	356.34	426.97	514.23

Competitive Comparison of Lafang China Co's Cash-to-Debt

For the Household & Personal Products subindustry, Lafang China 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.

Lafang China Co's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

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

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

Lafang China 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.

Lafang China 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)
	=	1243.75	/	(2.001	+	0.912)
	=	426.97

Lafang China Co's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	1305.103	/	(2.034	+	0.504)
	=	514.22

Lafang China Co (SHSE:603630) 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.

Lafang China Co Cash-to-Debt Related Terms

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Lafang China Co (SHSE:603630) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Lafang China Co Ltd (SHSE:603630) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Xinqing Road, National Highway 324, Lafang Industrial City, Guangdong Province, Chaonan District, Shantou, CHN, 515146

Website

http://www.laf.cn

Lafang China Co Ltd is a China based company operating in the domestic personal care industry. It offers various products in the areas of shampoo and hair care, cleansing and bathing, skin care and oral care. Some of the company's brands are Lafang, Meduosi, Yujie and Shengfeng.

Executives

Wu Gui Qian	Director
Lin Chan Zhen	Supervisors

Lafang China Co (SHSE:603630) Headlines

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