Hubei Kangnong Seed Co (BJSE:837403) Cash-to-Debt : 9.39 (As of Mar. 2024)

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What is Hubei Kangnong Seed 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. Hubei Kangnong Seed Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 9.39.

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, Hubei Kangnong Seed 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 Hubei Kangnong Seed Co's Cash-to-Debt or its related term are showing as below:

BJSE:837403' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.54 Med: 4.38 Max: No Debt
Current: 9.39

During the past 11 years, Hubei Kangnong Seed Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.54. And the median was 4.38.

BJSE:837403's Cash-to-Debt is ranked better than
83.03% of 1874 companies
in the Consumer Packaged Goods industry
Industry Median: 0.51 vs BJSE:837403: 9.39

Hubei Kangnong Seed Co Cash-to-Debt Historical Data

The historical data trend for Hubei Kangnong Seed 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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Hubei Kangnong Seed Co Cash-to-Debt Chart

Hubei Kangnong Seed Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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5.46

12.19

64.48

5.30

2.57

Hubei Kangnong Seed Co Quarterly Data
	Jun17	Dec17	Jun18	Sep18	Dec18	Jun19	Sep19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															N/A	1.74	3.80	2.57	9.39

Competitive Comparison of Hubei Kangnong Seed Co's Cash-to-Debt

For the Farm Products subindustry, Hubei Kangnong Seed 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.

Hubei Kangnong Seed Co's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Hubei Kangnong Seed Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Hubei Kangnong Seed Co's Cash-to-Debt falls into.

Hubei Kangnong Seed 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.

Hubei Kangnong Seed 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)
	=	87.284	/	(33.469	+	0.461)
	=	2.57

Hubei Kangnong Seed 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)
	=	196.257	/	(20.441	+	0.461)
	=	9.39

Hubei Kangnong Seed Co (BJSE:837403) 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.

Hubei Kangnong Seed Co Cash-to-Debt Related Terms

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

Hubei Kangnong Seed Co (BJSE:837403) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Hubei Kangnong Seed Co Ltd (BJSE:837403) » Definitions » Cash-to-Debt

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Address

Website

Hubei Kangnong Seed Co Ltd is engaged in research and developments, production and sales of hybrid corn seeds with high yield, stable yield and good comprehensive resistance. It has one main (corn seeds) and two wings (konjac seedlings, Chinese herbal medicine seeds and seedlings) and has 3 fully-automatic corn seed processing lines (10T/h) and 4 fully-automatic intelligent konjac seed processing lines (6T/h). ), with a storage capacity of 60,000 m³.

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