Zhejiang Longsheng Group Co (SHSE:600352) Cash-to-Debt : 0.94 (As of Sep. 2024)

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What is Zhejiang Longsheng Group 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. Zhejiang Longsheng Group Co's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.94.

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, Zhejiang Longsheng Group Co couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

SHSE:600352' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.15 Med: 0.39 Max: 0.94
Current: 0.94

During the past 13 years, Zhejiang Longsheng Group Co's highest Cash to Debt Ratio was 0.94. The lowest was 0.15. And the median was 0.39.

SHSE:600352's Cash-to-Debt is ranked better than
56.76% of 1547 companies
in the Chemicals industry
Industry Median: 0.69 vs SHSE:600352: 0.94

Zhejiang Longsheng Group Co Cash-to-Debt Historical Data

The historical data trend for Zhejiang Longsheng Group 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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Zhejiang Longsheng Group Co Cash-to-Debt Chart

Zhejiang Longsheng Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.24

0.38

0.46

0.43

0.65

Zhejiang Longsheng Group Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															0.65	0.65	0.77	0.81	0.94

Competitive Comparison of Zhejiang Longsheng Group Co's Cash-to-Debt

For the Specialty Chemicals subindustry, Zhejiang Longsheng Group 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.

Zhejiang Longsheng Group Co's Cash-to-Debt Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Zhejiang Longsheng Group Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Zhejiang Longsheng Group Co's Cash-to-Debt falls into.

Zhejiang Longsheng Group 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.

Zhejiang Longsheng Group 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)
	=	12346.877	/	(11749.828	+	7346.816)
	=	0.65

Zhejiang Longsheng Group Co's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	19099.155	/	(10915.168	+	9367.635)
	=	0.94

Zhejiang Longsheng Group Co (SHSE:600352) 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.

Zhejiang Longsheng Group Co Cash-to-Debt Related Terms

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Zhejiang Longsheng Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Zhejiang Longsheng Group Co Ltd (SHSE:600352) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1, Longsheng Avenue, Daoxu Street, Shangyu District, Zhejiang Province, Shaoxing, CHN, 312368

Website

http://www.longsheng.com

Zhejiang Longsheng Group Co Ltd is a China-based company principally engaged in the production and sale of dyes and automobile spare parts. It is also involved in the real estate business. The company operates in the business segments of Chemicals, Real Estate, Autoparts, Financial Investment and Others. In the Chemical segment, the product range covers textile chemicals, construction chemicals, fine chemical intermediates, inorganic chemicals and others. In Autoparts segment, the Company focuses on development, production, and sales of auto parts, sales of steel and logistics.

Executives

Ruan Wei Xiang	Director
Gong Han	Director
Lu Bang Yi	Directors, senior managers
Yao Jian Fang	Director
He Xu Bin	senior management
Zhou Zheng Nan	Director
Ruan Xing Xiang	Director
Luo Bin	Director
Ruan Xiao Yun	Supervisors
Xiang Zhi Feng	Director
Wang Yong	Supervisors
Xiang Zhi Feng	Director
Ou Qi	senior management
Chang Sheng	Director
Chen Yong Yao	senior management

Zhejiang Longsheng Group Co Headlines

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