Weiqiao Textile Co (HKSE:02698) Cash-to-Debt : 2.07 (As of Jun. 2023)

View and export this data going back to 2003. Start your Free Trial

What is Weiqiao Textile 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. Weiqiao Textile Co's cash to debt ratio for the quarter that ended in Jun. 2023 was 2.07.

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, Weiqiao Textile Co could pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

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

HKSE:02698' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.98 Med: 1.98 Max: 4.85
Current: 2.07

During the past 13 years, Weiqiao Textile Co's highest Cash to Debt Ratio was 4.85. The lowest was 0.98. And the median was 1.98.

HKSE:02698's Cash-to-Debt is ranked better than
74.16% of 1037 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.47 vs HKSE:02698: 2.07

Weiqiao Textile Co Cash-to-Debt Historical Data

The historical data trend for Weiqiao Textile 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.

* Premium members only.

Weiqiao Textile Co Cash-to-Debt Chart

Weiqiao Textile Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

Get a 7-Day Free Trial

3.32

4.52

4.85

4.12

2.35

Weiqiao Textile Co Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Cash-to-Debt	Get a 7-Day Free Trial															4.83	4.12	3.87	2.35	2.07

Competitive Comparison of Weiqiao Textile Co's Cash-to-Debt

For the Textile Manufacturing subindustry, Weiqiao Textile 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.

Weiqiao Textile Co's Cash-to-Debt Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Weiqiao Textile Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Weiqiao Textile Co's Cash-to-Debt falls into.

Weiqiao Textile 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.

Weiqiao Textile Co's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	12732.796	/	(4942.691	+	471.658)
	=	2.35

Weiqiao Textile 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)
	=	11058.076	/	(4835.154	+	518.632)
	=	2.07

Weiqiao Textile Co (HKSE:02698) 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.

Weiqiao Textile Co Cash-to-Debt Related Terms

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

Weiqiao Textile Co (HKSE:02698) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Weiqiao Textile Co Ltd (HKSE:02698) » Definitions » Cash-to-Debt

Traded in Other Exchanges

WQTEF:USA WEZ:Germany WEZ:Germany

Address

No. 1, Wei Fang Road, Zouping Economic Development Zone, Zouping City, Shandong Province, Binzhou, CHN, 256200

Website

http://www.wqfz.com

Weiqiao Textile Co Ltd produces, sells, and distributes textiles including cotton yarn, grey fabric, and denim. Its geographical segment includes Mainland China, Southeast Asia, Hong Kong, South Asia, East Asia, and Other regions. The majority of the company's revenue is generated from Mainland China. It operates in two segments. The textile products segment produces and sells cotton yarn, grey fabric, and denim. The electricity and steam segment generates electricity and steam for internal use in the production of textile products and also for sale to external customers.

Weiqiao Textile Co (HKSE:02698) Headlines

No Headlines