Shenzhen Best of Best Holdings Co (SZSE:001298) Cash-to-Debt : 0.83 (As of Mar. 2024)

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What is Shenzhen Best of Best Holdings 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. Shenzhen Best of Best Holdings Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.83.

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, Shenzhen Best of Best Holdings 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 Shenzhen Best of Best Holdings Co's Cash-to-Debt or its related term are showing as below:

SZSE:001298' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.07 Med: 0.49 Max: 1.32
Current: 0.83

During the past 6 years, Shenzhen Best of Best Holdings Co's highest Cash to Debt Ratio was 1.32. The lowest was 0.07. And the median was 0.49.

SZSE:001298's Cash-to-Debt is ranked worse than
61.03% of 2474 companies
in the Hardware industry
Industry Median: 1.34 vs SZSE:001298: 0.83

Shenzhen Best of Best Holdings Co Cash-to-Debt Historical Data

The historical data trend for Shenzhen Best of Best Holdings 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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Shenzhen Best of Best Holdings Co Cash-to-Debt Chart

Shenzhen Best of Best Holdings Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.49

0.21

0.25

1.32

1.28

Shenzhen Best of Best Holdings Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial										1.13	0.81	0.67	1.28	0.83

Competitive Comparison of Shenzhen Best of Best Holdings Co's Cash-to-Debt

For the Electronic Components subindustry, Shenzhen Best of Best Holdings 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.

Shenzhen Best of Best Holdings Co's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Shenzhen Best of Best Holdings Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Shenzhen Best of Best Holdings Co's Cash-to-Debt falls into.

Shenzhen Best of Best Holdings 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.

Shenzhen Best of Best Holdings 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)
	=	794.401	/	(617.669	+	3.106)
	=	1.28

Shenzhen Best of Best Holdings 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)
	=	647.393	/	(777.058	+	1.593)
	=	0.83

Shenzhen Best of Best Holdings Co (SZSE:001298) 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.

Shenzhen Best of Best Holdings Co Cash-to-Debt Related Terms

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Shenzhen Best of Best Holdings Co (SZSE:001298) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shenzhen Best of Best Holdings Co Ltd (SZSE:001298) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

No. 1, Qianwan 1st Road, Room 201, Building A, Qianhai Shenzhen-Hong Kong Cooperation Zone, Guangdong Province, Shenzhen, CHN, 518057

Website

http://www.bobholdings.com

Shenzhen Best of Best Holdings Co Ltd is engaged in the sale of electronic components to electronics manufacturers in consumer electronics, IoT, lighting and other applications.

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