Qingdao Kutesmart Co (SZSE:300840) Cash-to-Debt : 2.43 (As of Mar. 2024)

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What is Qingdao Kutesmart 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. Qingdao Kutesmart Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 2.43.

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, Qingdao Kutesmart Co could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Qingdao Kutesmart Co's Cash-to-Debt or its related term are showing as below:

SZSE:300840' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.26 Med: 2.77 Max: No Debt
Current: 2.43

During the past 9 years, Qingdao Kutesmart Co's highest Cash to Debt Ratio was No Debt. The lowest was 1.26. And the median was 2.77.

SZSE:300840's Cash-to-Debt is ranked better than
75.25% of 1014 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.48 vs SZSE:300840: 2.43

Qingdao Kutesmart Co Cash-to-Debt Historical Data

The historical data trend for Qingdao Kutesmart 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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Qingdao Kutesmart Co Cash-to-Debt Chart

Qingdao Kutesmart Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

2.77

2.35

2.30

Qingdao Kutesmart 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															2.46	1.98	2.01	2.30	2.43

Competitive Comparison of Qingdao Kutesmart Co's Cash-to-Debt

For the Apparel Manufacturing subindustry, Qingdao Kutesmart 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.

Qingdao Kutesmart Co's Cash-to-Debt Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Qingdao Kutesmart Co's Cash-to-Debt distribution charts can be found below:

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

Qingdao Kutesmart 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.

Qingdao Kutesmart 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)
	=	651.366	/	(282.729	+	1.072)
	=	2.30

Qingdao Kutesmart 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)
	=	568.391	/	(232.408	+	1.072)
	=	2.43

Qingdao Kutesmart Co (SZSE:300840) 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.

Qingdao Kutesmart Co Cash-to-Debt Related Terms

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Qingdao Kutesmart Co (SZSE:300840) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Qingdao Kutesmart Co Ltd (SZSE:300840) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 17 Red Collar Street, Jimo District, Shandong Province, Qingdao, CHN

Website

http://www.kutesmart.com

Qingdao Kutesmart Co Ltd is an apparel manufacturing company. The company offers personalized customized menswear and womenswear. Its brands include REDCOLLAR red collar, CAMEO Kay wonderful, R.PRINCE Ruipu, RCOLLAR and other customized brands, for the domestic market and the United States, Europe, Australia and other overseas markets.

Executives

Zhang Peng

Director

Qingdao Kutesmart Co (SZSE:300840) Headlines

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