361 Degrees International (361 Degrees International) Cash-to-Debt : 17.60 (As of Dec. 2023)

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What is 361 Degrees International 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. 361 Degrees International's cash to debt ratio for the quarter that ended in Dec. 2023 was 17.60.

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, 361 Degrees International 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 361 Degrees International's Cash-to-Debt or its related term are showing as below:

TSIOF' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.93 Med: 2.58 Max: 25.56
Current: 17.6

During the past 13 years, 361 Degrees International's highest Cash to Debt Ratio was 25.56. The lowest was 1.93. And the median was 2.58.

TSIOF's Cash-to-Debt is ranked better than
88.67% of 1033 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.48 vs TSIOF: 17.60

361 Degrees International Cash-to-Debt Historical Data

The historical data trend for 361 Degrees International'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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361 Degrees International Cash-to-Debt Chart

361 Degrees International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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2.54

3.33

25.56

20.01

17.60

361 Degrees International Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															25.56	26.04	20.01	10.22	17.60

Competitive Comparison of 361 Degrees International's Cash-to-Debt

For the Footwear & Accessories subindustry, 361 Degrees International'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.

361 Degrees International's Cash-to-Debt Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, 361 Degrees International's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where 361 Degrees International's Cash-to-Debt falls into.

361 Degrees International 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.

361 Degrees International'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)
	=	727.779	/	(6.935	+	34.424)
	=	17.60

361 Degrees International'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)
	=	727.779	/	(6.935	+	34.424)
	=	17.60

361 Degrees International (OTCPK:TSIOF) 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.

361 Degrees International Cash-to-Debt Related Terms

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361 Degrees International (361 Degrees International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » 361 Degrees International Ltd (OTCPK:TSIOF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

01361:Hong Kong 36L:Germany

Address

361 Building, Huli High-technology Park, Huli District, Xiamen, Fujian Province, CHN, 361009

Website

http://www.361sport.com

361 Degrees International Ltd is a Chinese manufacturer of sporting goods. The company produces sporting goods. Its segments include adults and kids. 361 Degrees International reports revenue across four product lines: footwear, apparel, accessories, and others. Footwear and apparel are the important product lines, each contributing close to half the company's revenue, and the majority of sales are made across the adult segment. Adults-this segment derives revenue from manufacturing and trading of adult sporting goods. Kids- this segment derives revenue from the trading of kid's sporting goods. The company derives the majority of its revenue domestically.