Xiamen Sunrise Group Co (SZSE:002593) Cash-to-Debt : 0.58 (As of Mar. 2024)

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What is Xiamen Sunrise Group 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. Xiamen Sunrise Group Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.58.

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, Xiamen Sunrise Group Co couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

SZSE:002593' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.12 Med: 0.54 Max: 0.73
Current: 0.58

During the past 13 years, Xiamen Sunrise Group Co's highest Cash to Debt Ratio was 0.73. The lowest was 0.12. And the median was 0.54.

SZSE:002593's Cash-to-Debt is ranked better than
50.44% of 1243 companies
in the Vehicles & Parts industry
Industry Median: 0.58 vs SZSE:002593: 0.58

Xiamen Sunrise Group Co Cash-to-Debt Historical Data

The historical data trend for Xiamen Sunrise Group 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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Xiamen Sunrise Group Co Cash-to-Debt Chart

Xiamen Sunrise Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.46

0.55

0.60

0.54

0.59

Xiamen Sunrise Group 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															0.54	0.73	0.61	0.59	0.58

Competitive Comparison of Xiamen Sunrise Group Co's Cash-to-Debt

For the Auto Parts subindustry, Xiamen Sunrise Group 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.

Xiamen Sunrise Group Co's Cash-to-Debt Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Xiamen Sunrise Group Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Xiamen Sunrise Group Co's Cash-to-Debt falls into.

Xiamen Sunrise Group 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.

Xiamen Sunrise Group 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)
	=	747.55	/	(1034.276	+	243.834)
	=	0.58

Xiamen Sunrise Group 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)
	=	740.105	/	(1062.09	+	225.373)
	=	0.57

Xiamen Sunrise Group Co (SZSE:002593) 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.

Xiamen Sunrise Group Co Cash-to-Debt Related Terms

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

Xiamen Sunrise Group Co (SZSE:002593) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Xiamen Sunrise Group Co Ltd (SZSE:002593) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

No. 30, Xinglin Xingbei Road, Fujian Province, Jimei District, Xiamen, CHN, 361022

Website

http://www.sunrise-ncc.com

Xiamen Sunrise Group Co Ltd is engaged in the research, development, production, and sales of metal products and automotive products. The products of the company include tubeless steel wheels, steel drums, and forged aluminium wheels.

Executives

Wu Xiao Hong	Directors, executives
Wu Zi Wen	Directors, executives
Chen Ming Li	Supervisors
Lan Ri Jin	Supervisors
Wu Zhi Liang	Directors, executives
Zheng Yu Qing	Executives
He Ai Ping	Executives
Huang Xue Cheng	Directors, executives
Zhong Bai An	Directors, executives
Zhang Wen Qing	Supervisors
Wang Yong Dong	Director

Xiamen Sunrise Group Co (SZSE:002593) Headlines

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