China Foods Holdings (China Foods Holdings) Cash-to-Debt : 8.33 (As of Dec. 2023)

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What is China Foods Holdings 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. China Foods Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 8.33.

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, China Foods Holdings could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

CFOO' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 1.69 Max: No Debt
Current: 8.33

During the past 13 years, China Foods Holdings's highest Cash to Debt Ratio was No Debt. The lowest was 0.06. And the median was 1.69.

CFOO's Cash-to-Debt is ranked better than
82.31% of 1849 companies
in the Consumer Packaged Goods industry
Industry Median: 0.53 vs CFOO: 8.33

China Foods Holdings Cash-to-Debt Historical Data

The historical data trend for China Foods Holdings'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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China Foods Holdings Cash-to-Debt Chart

China Foods Holdings Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

1.69

18.19

8.33

China Foods Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															18.19	44.14	No Debt	4.49	8.33

Competitive Comparison of China Foods Holdings's Cash-to-Debt

For the Packaged Foods subindustry, China Foods Holdings'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.

China Foods Holdings's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

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

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

China Foods Holdings 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.

China Foods Holdings'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)
	=	0.175	/	(0.021	+	0)
	=	8.33

China Foods Holdings's Cash to Debt Ratio for the quarter 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)
	=	0.175	/	(0.021	+	0)
	=	8.33

China Foods Holdings (OTCPK:CFOO) 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.

China Foods Holdings Cash-to-Debt Related Terms

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China Foods Holdings (China Foods Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » China Foods Holdings Ltd (OTCPK:CFOO) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

26 Harbour Road, Room 2301A, China Resources Building, Wanchai, Hong Kong, HKG

Website

China Foods Holdings Ltd is a healthcare product distributing and marketing industry, developing and distributing health related products, including supplements, across the globe with a focus on mainland China, Europe and Australia. Its health products are designed to help enhance immunity and improve general wellbeing. The company has two segments; the Healthcare segment and the Wine segment. The healthcare segment mainly provides health consulting advisory services and healthcare and wellness products, such as Nutrition Catering, Special Health Food, Health supplements, and Skincare. The wine segment involves the sale of wine products. The majority of the company's revenue is generated from the Healthcare segment.

Executives

Xiao Jun Kong	director, 10 percent owner, officer: CEO and CFO	SHUI ON CENTRE, 6-8 HARBOUR RD. UNIT 906 9/F WANCHAI K3 0000
Cheng-ni Hu	director	28 MACHANG ROAD TIANHE DISTRICT GUANGZHOU F4 510000
Yang Liu	director	EVERBRITE CENTRE SUITE 3102 108 GLOUCESTER ROAD HONG KONG K3 00000
Yunsi Liu	director, officer: President	EVERBRITE CENTRE SUITE 3102 108 GLOUCESTER ROAD HONG KONG K3 00000
Hy (hk) Financial Investments Co., Ltd.	10 percent owner	SHUI ON CENTRE, 6-8 HARBOUR RD. UNIT 906 9/F WANCHAI K3 0000
Sean Escobar	director, officer: Vice President	10344 SOUTH SILVER WILLOW DRIVE SANDY UT 84070
Anthony B Escobar	director, 10 percent owner, officer: President	PO BOX 2017 SANDY UT 84091-2017
Anthony P Coletti	director, officer: Chief Accounting Officer	3032 WEST HARPER PEAK COURT SOUTH JORDAN UT 84095

China Foods Holdings (China Foods Holdings) Headlines

From GuruFocus

China Foods Holdings (CFOO) CEO and CFO Xiao Jun Kong Bought $4.5 million of Shares

By [email protected] insider • 07-10-2020