ZheJiang Kanglongda Special Protection Technology Co (SHSE:603665) Cash-to-Debt : 0.24 (As of Mar. 2024)

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What is ZheJiang Kanglongda Special Protection 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. ZheJiang Kanglongda Special Protection Technology Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.24.

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 Kanglongda Special Protection Technology Co couldn't 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 Kanglongda Special Protection Technology Co's Cash-to-Debt or its related term are showing as below:

SHSE:603665' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.14 Med: 0.43 Max: 6.31
Current: 0.24

During the past 13 years, ZheJiang Kanglongda Special Protection Technology Co's highest Cash to Debt Ratio was 6.31. The lowest was 0.14. And the median was 0.43.

SHSE:603665's Cash-to-Debt is ranked worse than
62.7% of 1000 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.475 vs SHSE:603665: 0.24

ZheJiang Kanglongda Special Protection Technology Co Cash-to-Debt Historical Data

The historical data trend for ZheJiang Kanglongda Special Protection 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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ZheJiang Kanglongda Special Protection Technology Co Cash-to-Debt Chart

ZheJiang Kanglongda Special Protection Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.51

0.52

0.21

0.53

0.24

ZheJiang Kanglongda Special Protection Technology Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.24	0.14	0.17	0.24	0.24

Competitive Comparison of ZheJiang Kanglongda Special Protection Technology Co's Cash-to-Debt

For the Footwear & Accessories subindustry, ZheJiang Kanglongda Special Protection 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.

ZheJiang Kanglongda Special Protection Technology Co's Cash-to-Debt Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, ZheJiang Kanglongda Special Protection Technology Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where ZheJiang Kanglongda Special Protection Technology Co's Cash-to-Debt falls into.

ZheJiang Kanglongda Special Protection 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.

ZheJiang Kanglongda Special Protection 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)
	=	347.839	/	(1195.268	+	259.92)
	=	0.24

ZheJiang Kanglongda Special Protection Technology 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)
	=	353.008	/	(1191.137	+	283.437)
	=	0.24

ZheJiang Kanglongda Special Protection Technology Co (SHSE:603665) 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 Kanglongda Special Protection Technology Co Cash-to-Debt Related Terms

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ZheJiang Kanglongda Special Protection Technology Co (SHSE:603665) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » ZheJiang Kanglongda Special Protection Technology Co Ltd (SHSE:603665) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 7, Weiwu East Road, Fenghui Town, Shangyu Economic and Technological Development Zone, Hangzhou Bay, Zhejiang Province, Shangyu, CHN, 312361

Website

http://www.kanglongda.com.cn

ZheJiang Kanglongda Special Protection Technology Co Ltd is a China based manufacturer of gloves for hand protection. Its products include HPPE cut resistant gloves, Kevlar gloves, PU coated gloves, nitrile dipped gloves, latex coated gloves, chemical resistant gloves, magic gloves, and other general purpose working gloves.

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