Suning.com Co (SZSE:002024) Cash-to-Debt : 0.55 (As of Mar. 2024)

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What is Suning.com 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. Suning.com Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.55.

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, Suning.com 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 Suning.com Co's Cash-to-Debt or its related term are showing as below:

SZSE:002024' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.46 Med: 1.06 Max: 2.65
Current: 0.55

During the past 13 years, Suning.com Co's highest Cash to Debt Ratio was 2.65. The lowest was 0.46. And the median was 1.06.

SZSE:002024's Cash-to-Debt is ranked better than
54.16% of 1106 companies
in the Retail - Cyclical industry
Industry Median: 0.46 vs SZSE:002024: 0.55

Suning.com Co Cash-to-Debt Historical Data

The historical data trend for Suning.com 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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Suning.com Co Cash-to-Debt Chart

Suning.com Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.07

1.00

0.47

0.51

0.54

Suning.com 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															0.58	0.58	0.55	0.54	0.55

Competitive Comparison of Suning.com Co's Cash-to-Debt

For the Specialty Retail subindustry, Suning.com 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.

Suning.com Co's Cash-to-Debt Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Suning.com Co's Cash-to-Debt distribution charts can be found below:

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

Suning.com 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.

Suning.com 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)
	=	28819.374	/	(41105.819	+	12708.956)
	=	0.54

Suning.com 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)
	=	29532.43	/	(40781.921	+	12493.815)
	=	0.55

Suning.com Co (SZSE:002024) 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.

Suning.com Co Cash-to-Debt Related Terms

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

Suning.com Co (SZSE:002024) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Suning.com Co Ltd (SZSE:002024) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8 Shanxi Road, 1-5th floor, Jinshan Building, Jiangsu Province, Nanjing, CHN, 210042

Website

http://www.suning.cn

Suning.com Co Ltd, formerly Suning Commerce Group Co Ltd, is a retail shop offering electronic appliances such as air-conditioners, refrigerators, washing machines, color TVs, audio-video products, small home appliances, communication products, computers and digital products.

Executives

Li Jian Ying	Supervisors
Zhang Jin Dong	Director
Yao Kai	Executives
Huang Wei	Directors, executives
Meng Xiang Sheng	Directors, executives
Gu Wei	Executives
Hou En Long	Executives
Ren Jun	Director
Tian Rui	Executives
Gong Zhen Yu	Executives
Wang Quan Sheng	Independent director
Sun Wei Min	Director
Jin Ming	Directors, executives
Zhu Hua	Executives

Suning.com Co (SZSE:002024) Headlines

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