CDBT (China Dasheng Biotechnology Co) Cash-to-Debt : 0.12 (As of Jun. 2023)

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What is China Dasheng Biotechnology 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. China Dasheng Biotechnology Co's cash to debt ratio for the quarter that ended in Jun. 2023 was 0.12.

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, China Dasheng Biotechnology Co couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

The historical rank and industry rank for China Dasheng Biotechnology Co's Cash-to-Debt or its related term are showing as below:

CDBT's Cash-to-Debt is not ranked ^*
in the Diversified Financial Services industry.
Industry Median: 6.44
* Ranked among companies with meaningful Cash-to-Debt only.

China Dasheng Biotechnology Co Cash-to-Debt Historical Data

The historical data trend for China Dasheng Biotechnology 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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China Dasheng Biotechnology Co Cash-to-Debt Chart

China Dasheng Biotechnology Co Annual Data

Trend

Oct06

Oct07

Jun08

Jun22

Jun23

Cash-to-Debt

No Debt

N/A

No Debt

N/A

0.12

China Dasheng Biotechnology Co Semi-Annual Data
	Oct06	Oct07	Jun22	Jun23
Cash-to-Debt	No Debt	N/A	N/A	0.12

Competitive Comparison of China Dasheng Biotechnology Co's Cash-to-Debt

For the Shell Companies subindustry, China Dasheng Biotechnology 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.

China Dasheng Biotechnology Co's Cash-to-Debt Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, China Dasheng Biotechnology Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where China Dasheng Biotechnology Co's Cash-to-Debt falls into.

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China Dasheng Biotechnology 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.

China Dasheng Biotechnology Co's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	0.126	/	(1.029	+	0)
	=	0.12

China Dasheng Biotechnology Co's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	0.126	/	(1.029	+	0)
	=	0.12

China Dasheng Biotechnology Co (OTCPK:CDBT) 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.

China Dasheng Biotechnology Co Cash-to-Debt Related Terms

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