Shougang Fushan Resources Group (HKSE:00639) Cash-to-Debt : 182.19 (As of Dec. 2023)

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What is Shougang Fushan Resources Group 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. Shougang Fushan Resources Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 182.19.

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, Shougang Fushan Resources Group 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 Shougang Fushan Resources Group's Cash-to-Debt or its related term are showing as below:

HKSE:00639' s Cash-to-Debt Range Over the Past 10 Years
Min: 73.12 Med: 225.89 Max: No Debt
Current: 182.19

During the past 13 years, Shougang Fushan Resources Group's highest Cash to Debt Ratio was No Debt. The lowest was 73.12. And the median was 225.89.

HKSE:00639's Cash-to-Debt is ranked better than
93.01% of 615 companies
in the Steel industry
Industry Median: 0.42 vs HKSE:00639: 182.19

Shougang Fushan Resources Group Cash-to-Debt Historical Data

The historical data trend for Shougang Fushan Resources Group'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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Shougang Fushan Resources Group Cash-to-Debt Chart

Shougang Fushan Resources Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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177.99

162.24

251.33

200.45

182.19

Shougang Fushan Resources Group 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															251.33	222.12	200.45	201.45	182.19

Competitive Comparison of Shougang Fushan Resources Group's Cash-to-Debt

For the Coking Coal subindustry, Shougang Fushan Resources Group'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.

Shougang Fushan Resources Group's Cash-to-Debt Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Shougang Fushan Resources Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Shougang Fushan Resources Group's Cash-to-Debt falls into.

Shougang Fushan Resources Group 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.

Shougang Fushan Resources Group'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)
	=	7987.75	/	(10.317	+	33.526)
	=	182.19

Shougang Fushan Resources Group'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)
	=	7987.75	/	(10.317	+	33.526)
	=	182.19

Shougang Fushan Resources Group (HKSE:00639) 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.

Shougang Fushan Resources Group Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Shougang Fushan Resources Group's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Shougang Fushan Resources Group (HKSE:00639) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Shougang Fushan Resources Group Ltd (HKSE:00639) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

FSHYF:USA FU7:Germany

Address

56 Gloucester Road, 6th Floor, Bank of East Asia Harbour View Centre, Wanchai, Hong Kong, HKG

Website

http://www.shougang-resources.com.hk

Shougang Fushan Resources Group Ltd is engaged in coking coal mining, production and sales of coking coal products in the PRC. It derives revenue from the sale of clean coking coal and raw coking coal. The group has three operating coking coal mines and three coal preparation plants. The group has a business presence in the PRC and Hong Kong.

Shougang Fushan Resources Group (HKSE:00639) Headlines

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