China Ludao Technology Co (HKSE:02023) Cash-to-Debt : 0.04 (As of Dec. 2023)

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What is China Ludao Technology 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 Ludao Technology Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.04.

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 Ludao Technology Co 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 China Ludao Technology Co's Cash-to-Debt or its related term are showing as below:

HKSE:02023' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.47 Max: No Debt
Current: 0.04

During the past 12 years, China Ludao Technology Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.04. And the median was 0.47.

HKSE:02023's Cash-to-Debt is ranked worse than
89.75% of 1874 companies
in the Consumer Packaged Goods industry
Industry Median: 0.5 vs HKSE:02023: 0.04

China Ludao Technology Co Cash-to-Debt Historical Data

The historical data trend for China Ludao Technology 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 Ludao Technology Co Cash-to-Debt Chart

China Ludao Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.63

0.19

0.07

0.08

0.04

China Ludao Technology Co Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial															0.19	0.08	0.05	0.04	N/A

Competitive Comparison of China Ludao Technology Co's Cash-to-Debt

For the Household & Personal Products subindustry, China Ludao Technology 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 Ludao Technology Co's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

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

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

China Ludao Technology 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 Ludao Technology 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)
	=	34.54	/	(438.022	+	341.808)
	=	0.04

China Ludao Technology Co'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)
	=	34.54	/	(438.022	+	341.808)
	=	0.04

China Ludao Technology Co (HKSE:02023) 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 Ludao Technology Co Cash-to-Debt Related Terms

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China Ludao Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » China Ludao Technology Co Ltd (HKSE:02023) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

5 Sanmen Industry Road, Sanmen Industry Zone, Zhejiang Province, Taizhou, CHN

Website

https://www.ludaocn.com

China Ludao Technology Co Ltd is principally engaged in the manufacture and sale of aerosol products in the People's Republic of China (the PRC). Its products include household and auto care products, air fresheners, personal care products, and insecticides. The firm offers a range of products including aerosol air fresheners, aromatherapy air fresheners, car air fresheners, carpet and room deodorizers, crystal beads air fresheners, electric air fresheners, solid air fresheners, and other air freshener products. Customers of the company are from Mainland China, the United States of America, Europe, and others. The majority of its revenue is derived from Mainland China.

Executives

Ludao China Investments Holdings Limited	2101 Beneficial owner
Wang Jinfei	2202 Interest of your spouse
Yu Yuerong	2201 Interest of corporation controlled by you
Perfect Century Group Limited	2101 Beneficial owner

China Ludao Technology Co Headlines

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