Shanxi Xinghuacun Fen Wine Factory Co (SHSE:600809) Cash-to-Debt : 7.81 (As of Mar. 2024)

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What is Shanxi Xinghuacun Fen Wine Factory 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. Shanxi Xinghuacun Fen Wine Factory Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 7.81.

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, Shanxi Xinghuacun Fen Wine Factory 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 Shanxi Xinghuacun Fen Wine Factory Co's Cash-to-Debt or its related term are showing as below:

SHSE:600809' s Cash-to-Debt Range Over the Past 10 Years
Min: 3.24 Med: No Debt Max: 29387.14
Current: 7.81

During the past 13 years, Shanxi Xinghuacun Fen Wine Factory Co's highest Cash to Debt Ratio was 29387.14. The lowest was 3.24. And the median was No Debt.

SHSE:600809's Cash-to-Debt is ranked better than
77.78% of 207 companies
in the Beverages - Alcoholic industry
Industry Median: 0.59 vs SHSE:600809: 7.81

Shanxi Xinghuacun Fen Wine Factory Co Cash-to-Debt Historical Data

The historical data trend for Shanxi Xinghuacun Fen Wine Factory 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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Shanxi Xinghuacun Fen Wine Factory Co Cash-to-Debt Chart

Shanxi Xinghuacun Fen Wine Factory Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

255.09

418.52

772.55

4.35

Shanxi Xinghuacun Fen Wine Factory 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															5.67	7.06	3.24	4.35	7.81

Competitive Comparison of Shanxi Xinghuacun Fen Wine Factory Co's Cash-to-Debt

For the Beverages - Wineries & Distilleries subindustry, Shanxi Xinghuacun Fen Wine Factory 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.

Shanxi Xinghuacun Fen Wine Factory Co's Cash-to-Debt Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Shanxi Xinghuacun Fen Wine Factory Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Shanxi Xinghuacun Fen Wine Factory Co's Cash-to-Debt falls into.

Shanxi Xinghuacun Fen Wine Factory 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.

Shanxi Xinghuacun Fen Wine Factory 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)
	=	3824.983	/	(345.037	+	533.659)
	=	4.35

Shanxi Xinghuacun Fen Wine Factory 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)
	=	5508.585	/	(158.005	+	547.417)
	=	7.81

Shanxi Xinghuacun Fen Wine Factory Co (SHSE:600809) 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.

Shanxi Xinghuacun Fen Wine Factory Co Cash-to-Debt Related Terms

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Shanxi Xinghuacun Fen Wine Factory Co (SHSE:600809) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Shanxi Xinghuacun Fen Wine Factory Co Ltd (SHSE:600809) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Xinghua Village, Fenyang County, Shanxi, Lvliang, CHN, 032205

Website

http://www.fenjiu.com.cn

Shanxi Fen Wine, or Fen Wine, is a typical light-flavored baijiu, featuring a fresher, lighter, and purer-taste compared with jiang-flavored and rich-flavored spirits. The company offers a comprehensive product portfolio, covering sub-premium, mid- to high range, and low-end products. The Fen series contributed about 90% of the company's sales revenue in 2022, including sub-premium brand Qinghua, midrange products Panama and Laobaifen, and low-end Bofen. The State-Owned Assets Supervision and Administration Commission of Shanxi province controls 51% of Fen Wine.

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