FSPG Hi-Tech Co (SZSE:000973) Cash-to-Debt : 1.61 (As of Mar. 2024)

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What is FSPG Hi-Tech 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. FSPG Hi-Tech Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.61.

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, FSPG Hi-Tech 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 FSPG Hi-Tech Co's Cash-to-Debt or its related term are showing as below:

SZSE:000973' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.19 Med: 0.55 Max: 1.84
Current: 1.61

During the past 13 years, FSPG Hi-Tech Co's highest Cash to Debt Ratio was 1.84. The lowest was 0.19. And the median was 0.55.

SZSE:000973's Cash-to-Debt is ranked better than
64.23% of 1546 companies
in the Chemicals industry
Industry Median: 0.74 vs SZSE:000973: 1.61

FSPG Hi-Tech Co Cash-to-Debt Historical Data

The historical data trend for FSPG Hi-Tech 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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FSPG Hi-Tech Co Cash-to-Debt Chart

FSPG Hi-Tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.42

0.67

0.90

1.40

1.84

FSPG Hi-Tech 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															1.39	1.34	1.80	1.84	1.61

Competitive Comparison of FSPG Hi-Tech Co's Cash-to-Debt

For the Chemicals subindustry, FSPG Hi-Tech 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.

FSPG Hi-Tech Co's Cash-to-Debt Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, FSPG Hi-Tech Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where FSPG Hi-Tech Co's Cash-to-Debt falls into.

FSPG Hi-Tech 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.

FSPG Hi-Tech 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)
	=	1044.854	/	(269.285	+	299.216)
	=	1.84

FSPG Hi-Tech 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)
	=	1006.653	/	(326.717	+	300.326)
	=	1.61

FSPG Hi-Tech Co (SZSE:000973) 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.

FSPG Hi-Tech Co Cash-to-Debt Related Terms

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

FSPG Hi-Tech Co (SZSE:000973) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » FSPG Hi-Tech Co Ltd (SZSE:000973) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

72 Fenjiang Zhong Road, Chancheng District, Foshan, CHN, 528000

Website

http://www.foshan-plastic.com

FSPG Hi-Tech Co Ltd is a China-based company primarily engaged in the research and development, production and sale of new energy, new materials, energy saving technologies and environmental protection products. The company offers Packaging materials, such as BOPA, BOPP drinking straw and cigarette packaging materials, and laminated AL films; Electric and optical materials, such as BOPP capacitor and polarizer films; Construction materials comprising woven fabrics and PE-Xc pipes; Personal Healthcare & Clothing Material such as PE Casting Embossed Film and EasyTexTM and Advertisement & Labeling Material includes PVC Film For Graphics Use. Geographically the operations are carried out through China.

Executives

Huang Bing Di	Directors, executives
Wang Lei	Executives
Wang Yu Hong	Supervisors
Xu Yong	Director
Li Man Li	Executives
Feng Zhao Zheng	Director
Tao Luo Cheng	Executives
Zhou Zhi Hui	Executives
Liu Ya Jun	Executives
Wu Yao Gen	Director
Luo Han Jun	Directors, executives
Lv Sen	Executives

FSPG Hi-Tech Co (SZSE:000973) Headlines

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