Nongfu Spring Co (HKSE:09633) Cash-to-Debt : 7.52 (As of Dec. 2023)

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What is Nongfu Spring 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. Nongfu Spring Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 7.52.

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

HKSE:09633' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.24 Med: 6.02 Max: 121.37
Current: 7.52

During the past 7 years, Nongfu Spring Co's highest Cash to Debt Ratio was 121.37. The lowest was 1.24. And the median was 6.02.

HKSE:09633's Cash-to-Debt is ranked better than
71.96% of 107 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 0.68 vs HKSE:09633: 7.52

Nongfu Spring Co Cash-to-Debt Historical Data

The historical data trend for Nongfu Spring 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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Nongfu Spring Co Cash-to-Debt Chart

Nongfu Spring Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.24

3.69

5.79

6.02

7.52

Nongfu Spring Co Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial							5.79	6.42	6.02	6.16	7.52

Competitive Comparison of Nongfu Spring Co's Cash-to-Debt

For the Beverages - Non-Alcoholic subindustry, Nongfu Spring 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.

Nongfu Spring Co's Cash-to-Debt Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Nongfu Spring Co's Cash-to-Debt distribution charts can be found below:

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

Nongfu Spring 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.

Nongfu Spring 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)
	=	26387.645	/	(3476.739	+	34.181)
	=	7.52

Nongfu Spring Co'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)
	=	26387.645	/	(3476.739	+	34.181)
	=	7.52

Nongfu Spring Co (HKSE:09633) 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.

Nongfu Spring Co Cash-to-Debt Related Terms

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Nongfu Spring Co (HKSE:09633) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Nongfu Spring Co Ltd (HKSE:09633) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

NNFSF:USA 7NF:Germany

Address

No. 181, Geyazhuang, Xihu District, Hangzhou, CHN, 310024

Website

https://www.nongfuspring.com

Founded in 1996, Nongfu Spring is a leading manufacturer of bottled water, ready-to-drink tea, juice and functional beverages in China. It holds the number-one share in the bottled water market; this segment contributed approximately 55% of the firm's revenue and EBIT in 2022.

Nongfu Spring Co (HKSE:09633) Headlines

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