Zhejiang Wufangzhai Industry Co (SHSE:603237) Cash-to-Debt : 5.56 (As of Mar. 2024)

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What is Zhejiang Wufangzhai Industry 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 Wufangzhai Industry Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 5.56.

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, Zhejiang Wufangzhai Industry Co could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

SHSE:603237' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.83 Med: 5.22 Max: 11.25
Current: 5.56

During the past 6 years, Zhejiang Wufangzhai Industry Co's highest Cash to Debt Ratio was 11.25. The lowest was 0.83. And the median was 5.22.

SHSE:603237's Cash-to-Debt is ranked better than
79.96% of 1861 companies
in the Consumer Packaged Goods industry
Industry Median: 0.52 vs SHSE:603237: 5.56

Zhejiang Wufangzhai Industry Co Cash-to-Debt Historical Data

The historical data trend for Zhejiang Wufangzhai Industry 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 Wufangzhai Industry Co Cash-to-Debt Chart

Zhejiang Wufangzhai Industry Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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8.63

1.73

0.83

5.22

6.07

Zhejiang Wufangzhai Industry Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial										6.15	11.25	9.33	6.07	5.56

Competitive Comparison of Zhejiang Wufangzhai Industry Co's Cash-to-Debt

For the Packaged Foods subindustry, Zhejiang Wufangzhai Industry 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 Wufangzhai Industry Co's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

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

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

Zhejiang Wufangzhai Industry 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 Wufangzhai Industry 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)
	=	626.749	/	(43.525	+	59.698)
	=	6.07

Zhejiang Wufangzhai Industry Co's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	804.201	/	(92.195	+	52.397)
	=	5.56

Zhejiang Wufangzhai Industry Co (SHSE:603237) 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 Wufangzhai Industry Co Cash-to-Debt Related Terms

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Zhejiang Wufangzhai Industry Co (SHSE:603237) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Zhejiang Wufangzhai Industry Co Ltd (SHSE:603237) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

No. 2946, Zhongshan West Road, Xiuzhou District, Zhejiang Province, Jiaxing, CHN, 314000

Website

https://www.wufangzhai.com

Zhejiang Wufangzhai Industry Co Ltd is engaged in the research and development, production and sales of glutinous rice food.

Executives

Yu Ying Qian	senior management
Huang Jin Yang	senior management
Ma Jian Zhong	Directors, senior managers
Xu Wei	senior management
Shen Yan Ping	senior management
Chen Chuan Liang	Directors, senior managers
Ma Dong Da	senior management
Wei Rong Ming	Director
Hu Jian Min	Supervisors

Zhejiang Wufangzhai Industry Co (SHSE:603237) Headlines

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