Xiamen Yan Palace Birds Nest Industry Co (HKSE:01497) Cash-to-Debt : 3.90 (As of Dec. 2023)

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What is Xiamen Yan Palace Birds Nest Industry 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. Xiamen Yan Palace Birds Nest Industry Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 3.90.

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, Xiamen Yan Palace Birds Nest Industry Co 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 Xiamen Yan Palace Birds Nest Industry Co's Cash-to-Debt or its related term are showing as below:

HKSE:01497' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.18 Med: 4.54 Max: 13.22
Current: 3.9

During the past 4 years, Xiamen Yan Palace Birds Nest Industry Co's highest Cash to Debt Ratio was 13.22. The lowest was 2.18. And the median was 4.54.

HKSE:01497's Cash-to-Debt is ranked better than
77.59% of 1852 companies
in the Consumer Packaged Goods industry
Industry Median: 0.53 vs HKSE:01497: 3.90

Xiamen Yan Palace Birds Nest Industry Co Cash-to-Debt Historical Data

The historical data trend for Xiamen Yan Palace Birds Nest Industry 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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Xiamen Yan Palace Birds Nest Industry Co Cash-to-Debt Chart

Xiamen Yan Palace Birds Nest Industry Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

2.18

5.19

13.22

3.90

Xiamen Yan Palace Birds Nest Industry Co Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23
Cash-to-Debt	2.18	5.19	13.22	3.90

Competitive Comparison of Xiamen Yan Palace Birds Nest Industry Co's Cash-to-Debt

For the Packaged Foods subindustry, Xiamen Yan Palace Birds Nest Industry 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.

Xiamen Yan Palace Birds Nest Industry Co's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Xiamen Yan Palace Birds Nest Industry Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Xiamen Yan Palace Birds Nest Industry Co's Cash-to-Debt falls into.

Xiamen Yan Palace Birds Nest Industry 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.

Xiamen Yan Palace Birds Nest Industry 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)
	=	587.461	/	(28.866	+	121.723)
	=	3.90

Xiamen Yan Palace Birds Nest Industry Co'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)
	=	587.461	/	(28.866	+	121.723)
	=	3.90

Xiamen Yan Palace Birds Nest Industry Co (HKSE:01497) 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.

Xiamen Yan Palace Birds Nest Industry Co Cash-to-Debt Related Terms

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Xiamen Yan Palace Birds Nest Industry Co (HKSE:01497) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Xiamen Yan Palace Birds Nest Industry Co Ltd (HKSE:01497) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Qianpu Road, 22/F, Caizihui No. 188, Siming District, Fujian Province, Xiamen City, CHN

Website

http://www.yanzhiwu.com

Xiamen Yan Palace Birds Nest Industry Co Ltd is engaged in the development, production, and marketing of Edible bird's nest (EBN) products. It is a natural health delicacy product with various perceived health benefits and nutritional value. Its product includes One Nest, Freshly Stewed Bird's Nest, Crystal Sugar Bird's Nest, and Dried EBN.

Xiamen Yan Palace Birds Nest Industry Co (HKSE:01497) Headlines

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