Bright Dairy & Food Co (SHSE:600597) Cash-to-Debt : 0.61 (As of Mar. 2024)

View and export this data going back to 2002. Start your Free Trial

What is Bright Dairy & Food 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. Bright Dairy & Food Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.61.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Bright Dairy & Food Co couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Bright Dairy & Food Co's Cash-to-Debt or its related term are showing as below:

SHSE:600597' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.54 Med: 0.79 Max: 2.11
Current: 0.61

During the past 13 years, Bright Dairy & Food Co's highest Cash to Debt Ratio was 2.11. The lowest was 0.54. And the median was 0.79.

SHSE:600597's Cash-to-Debt is ranked better than
53.4% of 1852 companies
in the Consumer Packaged Goods industry
Industry Median: 0.52 vs SHSE:600597: 0.61

Bright Dairy & Food Co Cash-to-Debt Historical Data

The historical data trend for Bright Dairy & Food 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.

* Premium members only.

Bright Dairy & Food Co Cash-to-Debt Chart

Bright Dairy & Food Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.84

0.87

0.78

0.66

0.80

Bright Dairy & Food 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															0.58	0.62	0.67	0.80	0.61

Competitive Comparison of Bright Dairy & Food Co's Cash-to-Debt

For the Packaged Foods subindustry, Bright Dairy & Food 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.

Bright Dairy & Food Co's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Bright Dairy & Food Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Bright Dairy & Food Co's Cash-to-Debt falls into.

Bright Dairy & Food 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.

Bright Dairy & Food 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)
	=	3288.288	/	(2803.991	+	1327.702)
	=	0.80

Bright Dairy & Food 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)
	=	2365.077	/	(2572.895	+	1284.765)
	=	0.61

Bright Dairy & Food Co (SHSE:600597) 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.

Bright Dairy & Food Co Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Bright Dairy & Food Co's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Bright Dairy & Food Co (SHSE:600597) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Bright Dairy & Food Co Ltd (SHSE:600597) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

No. 578 Wuzhong Road, Shanghai, Shanghai, CHN, 201103

Website

http://www.brightdairy.com

Bright Dairy & Food Co Ltd engages in the development, production, and sale of animal husbandry and dairy products in China. It offers fresh milk, fresh yogurt, lactic acid bacteria drinks, room temperature milk, room temperature yogurt, cheese, butter, and other products, as well as pregnant women, adult, and baby milk powder. It also provides sour milk, flavored milk, and children's products, as well as cream, infant formula milk powder, and flavored fermented milk.

Executives

Guo Ben Heng	senior management
Zhang Guo Zheng	senior management
Wang Jia Fen	Director
Zhang Hua Fu	senior management
Lv Gong Liang	Director
Zhu Jian Yi	senior management

Bright Dairy & Food Co (SHSE:600597) Headlines

No Headlines