Sailun Group Co (SHSE:601058) Cash-to-Debt : 0.62 (As of Mar. 2024)

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What is Sailun 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. Sailun Group Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.62.

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, Sailun 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 Sailun Group Co's Cash-to-Debt or its related term are showing as below:

SHSE:601058' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.26 Med: 0.52 Max: 0.89
Current: 0.62

During the past 13 years, Sailun Group Co's highest Cash to Debt Ratio was 0.89. The lowest was 0.26. And the median was 0.52.

SHSE:601058's Cash-to-Debt is ranked better than
51.58% of 1295 companies
in the Vehicles & Parts industry
Industry Median: 0.58 vs SHSE:601058: 0.62

Sailun Group Co Cash-to-Debt Historical Data

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

Sailun Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.68

0.82

0.60

0.50

0.59

Sailun 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															0.55	0.50	0.60	0.59	0.62

Competitive Comparison of Sailun Group Co's Cash-to-Debt

For the Auto Parts subindustry, Sailun 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.

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

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

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

Sailun 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.

Sailun 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)
	=	5269.571	/	(4700.607	+	4267.173)
	=	0.59

Sailun 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)
	=	5341.201	/	(6057.898	+	2574.948)
	=	0.62

Sailun Group Co (SHSE:601058) 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.

Sailun Group Co Cash-to-Debt Related Terms

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Sailun Group Co (SHSE:601058) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Sailun Group Co Ltd (SHSE:601058) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

No.43, Rubber Valley, Zhengzhou Road, Building B, Shibei District, Shandong, Qingdao, CHN, 266045

Website

http://www.sailuntyre.com

Sailun Group Co Ltd is a Chinese company engaged in the research, development, and manufacturing of radial tires and its related manufacturing technology such as management and control network system and computer systems in China. It offers passenger car tires, card passenger tires, and special tires. The company provides tires in the car series, SUV series, racing series, truck tire series, bus tire series, agricultural tires, among others. Its products are sold in China and other countries.

Executives

Yuan Zhong Xue	Director
Zhou Ru Gang	senior management
Zhou Tian Ming	senior management
Zhou Bo	senior management
Zhu Xiao Bing	senior management
Zhou Sheng Yun	senior management
Zhang Bi Shu	Director
Wang Jian Ye	Directors, senior managers
Liu Yan Hua	senior management
Xie Xiao Hong	senior management
Song Jun	Directors, senior managers
Yan Wan Hua	Director
Du Yu Dai	Director

Sailun Group Co (SHSE:601058) Headlines

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