Suncha Technology Co (SZSE:001211) Cash-to-Debt : 0.21 (As of Mar. 2024)

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What is Suncha Technology 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. Suncha Technology Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.21.

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

SZSE:001211' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.1 Med: 0.52 Max: 4.04
Current: 0.21

During the past 7 years, Suncha Technology Co's highest Cash to Debt Ratio was 4.04. The lowest was 0.10. And the median was 0.52.

SZSE:001211's Cash-to-Debt is ranked worse than
77.22% of 417 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.98 vs SZSE:001211: 0.21

Suncha Technology Co Cash-to-Debt Historical Data

The historical data trend for Suncha Technology 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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Suncha Technology Co Cash-to-Debt Chart

Suncha Technology Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.38

0.48

3.57

1.21

0.30

Suncha Technology Co Quarterly Data
	Dec17	Dec18	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															1.00	0.66	0.52	0.30	0.21

Competitive Comparison of Suncha Technology Co's Cash-to-Debt

For the Furnishings, Fixtures & Appliances subindustry, Suncha Technology 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.

Suncha Technology Co's Cash-to-Debt Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Suncha Technology Co's Cash-to-Debt distribution charts can be found below:

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

Suncha Technology 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.

Suncha Technology 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)
	=	132.344	/	(392.607	+	51.103)
	=	0.30

Suncha Technology 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)
	=	109.829	/	(435.227	+	100.334)
	=	0.21

Suncha Technology Co (SZSE:001211) 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.

Suncha Technology Co Cash-to-Debt Related Terms

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Suncha Technology Co (SZSE:001211) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Suncha Technology Co Ltd (SZSE:001211) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

103 Zhucheng Road, Baizhang Town, Yuhang District, Zhejiang Province, Hangzhou, CHN, 311100

Website

http://www.sqzm.com

Suncha Technology Co Ltd is engaged in the Research and development, design, production and sales of kitchen utensils for daily meals. The main products are chopsticks, cutting boards, shovel spoons, rice husk tableware and others.

Executives

Li Chao Zhen	Directors, executives
Zhang Mei Yun	Directors, executives
Zhang Shui Hua	Supervisors

Suncha Technology Co (SZSE:001211) Headlines

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