COFCO Joycome Foods (HKSE:01610) Cash-to-Debt : 0.23 (As of Dec. 2023)

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What is COFCO Joycome Foods 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. COFCO Joycome Foods's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.23.

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, COFCO Joycome Foods couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for COFCO Joycome Foods's Cash-to-Debt or its related term are showing as below:

HKSE:01610' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05 Med: 0.2 Max: 0.61
Current: 0.23

During the past 11 years, COFCO Joycome Foods's highest Cash to Debt Ratio was 0.61. The lowest was 0.05. And the median was 0.20.

HKSE:01610's Cash-to-Debt is ranked worse than
66.54% of 1811 companies
in the Consumer Packaged Goods industry
Industry Median: 0.52 vs HKSE:01610: 0.23

COFCO Joycome Foods Cash-to-Debt Historical Data

The historical data trend for COFCO Joycome Foods'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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COFCO Joycome Foods Cash-to-Debt Chart

COFCO Joycome Foods Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.08

0.05

0.16

0.14

0.23

COFCO Joycome Foods Semi-Annual Data
	Dec13	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial														0.16	0.11	0.14	0.10	0.23

Competitive Comparison of COFCO Joycome Foods's Cash-to-Debt

For the Packaged Foods subindustry, COFCO Joycome Foods'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.

COFCO Joycome Foods's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, COFCO Joycome Foods's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where COFCO Joycome Foods's Cash-to-Debt falls into.

COFCO Joycome Foods 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.

COFCO Joycome Foods'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)
	=	1278.95	/	(4957.004	+	525.918)
	=	0.23

COFCO Joycome Foods'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)
	=	1278.95	/	(4957.004	+	525.918)
	=	0.23

COFCO Joycome Foods (HKSE:01610) 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.

COFCO Joycome Foods Cash-to-Debt Related Terms

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

COFCO Joycome Foods (HKSE:01610) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » COFCO Joycome Foods Ltd (HKSE:01610) » Definitions » Cash-to-Debt

Traded in Other Exchanges

0M7:Germany

Address

No.8, Chao Yang Men South Street, COFCO Fortune Plaza, Chao Yang District, Beijing, CHN

Website

https://www.cofcojoycome.com

COFCO Joycome Foods Ltd is engaged in the feed production, hog production, slaughtering and cutting, production, distribution and sale of fresh pork and processed meat products, import and distribution of meat products (including pork, beef, poultry and mutton). Its segments include Hog production segment represents hog breeding and sales of hogs; Fresh pork segment represents slaughtering, wholesale and retail sales of fresh and frozen meats; Processed meat products segment represents manufacture, wholesale and retail sales of processed meat products; and Meat import segment represents sales of imported meat products. Geographically it derives revenue from Mainland China.

Executives

Shang Hai Ning Quan Zi Chan Guan Li You Xian Gong Si	2102 Investment manager
Cofco (hong Kong) Limited
Cofco Corporation

COFCO Joycome Foods (HKSE:01610) Headlines

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