Kunming Longjin Pharmaceutical Co (SZSE:002750) Cash-to-Debt : 30.80 (As of Mar. 2024)

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What is Kunming Longjin Pharmaceutical 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. Kunming Longjin Pharmaceutical Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 30.80.

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, Kunming Longjin Pharmaceutical 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 Kunming Longjin Pharmaceutical Co's Cash-to-Debt or its related term are showing as below:

SZSE:002750' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.94 Med: No Debt Max: No Debt
Current: 30.8

During the past 13 years, Kunming Longjin Pharmaceutical Co's highest Cash to Debt Ratio was No Debt. The lowest was 1.94. And the median was No Debt.

SZSE:002750's Cash-to-Debt is ranked better than
84.64% of 1048 companies
in the Drug Manufacturers industry
Industry Median: 0.94 vs SZSE:002750: 30.80

Kunming Longjin Pharmaceutical Co Cash-to-Debt Historical Data

The historical data trend for Kunming Longjin Pharmaceutical 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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Kunming Longjin Pharmaceutical Co Cash-to-Debt Chart

Kunming Longjin Pharmaceutical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

279.04

325.62

350.08

339.93

Kunming Longjin Pharmaceutical 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															305.08	296.23	288.72	339.93	30.80

Competitive Comparison of Kunming Longjin Pharmaceutical Co's Cash-to-Debt

For the Drug Manufacturers - Specialty & Generic subindustry, Kunming Longjin Pharmaceutical 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.

Kunming Longjin Pharmaceutical Co's Cash-to-Debt Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Kunming Longjin Pharmaceutical Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Kunming Longjin Pharmaceutical Co's Cash-to-Debt falls into.

Kunming Longjin Pharmaceutical 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.

Kunming Longjin Pharmaceutical 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)
	=	334.149	/	(0.179	+	0.804)
	=	339.93

Kunming Longjin Pharmaceutical 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)
	=	338.314	/	(10.163	+	0.82)
	=	30.80

Kunming Longjin Pharmaceutical Co (SZSE:002750) 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.

Kunming Longjin Pharmaceutical Co Cash-to-Debt Related Terms

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

Kunming Longjin Pharmaceutical Co (SZSE:002750) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Kunming Longjin Pharmaceutical Co Ltd (SZSE:002750) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

789 Lanmao Road, High-tech Zone, Majinpu, Kunming, CHN, 650503

Website

http://www.longjin.com.cn

Kunming Longjin Pharmaceutical Co Ltd is a pharmaceutical company. It develops, produces and sells natural botanical and chemical freeze-dried powder injections. It also has freeze-dried powder injection line. Its products include Chinese medicine, biochemical medicine, chemical medicine, cardio-cerebral vascular medicine, digestive system medicine, immune system medicine, vitamins, minerals, enteral and parenteral nutrition.

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