Zhejiang Jingxing Paper JSC (SZSE:002067) Cash-to-Debt : 0.65 (As of Mar. 2024)

View and export this data going back to 2006. Start your Free Trial

What is Zhejiang Jingxing Paper JSC 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 Jingxing Paper JSC's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.65.

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 Jingxing Paper JSC 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 Jingxing Paper JSC's Cash-to-Debt or its related term are showing as below:

SZSE:002067' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09 Med: 0.52 Max: 0.98
Current: 0.65

During the past 13 years, Zhejiang Jingxing Paper JSC's highest Cash to Debt Ratio was 0.98. The lowest was 0.09. And the median was 0.52.

SZSE:002067's Cash-to-Debt is ranked better than
62.77% of 282 companies
in the Forest Products industry
Industry Median: 0.315 vs SZSE:002067: 0.65

Zhejiang Jingxing Paper JSC Cash-to-Debt Historical Data

The historical data trend for Zhejiang Jingxing Paper JSC'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.

Zhejiang Jingxing Paper JSC Cash-to-Debt Chart

Zhejiang Jingxing Paper JSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.72

0.88

0.90

0.71

Zhejiang Jingxing Paper JSC 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															0.86	0.82	0.78	0.71	0.65

Competitive Comparison of Zhejiang Jingxing Paper JSC's Cash-to-Debt

For the Paper & Paper Products subindustry, Zhejiang Jingxing Paper JSC'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 Jingxing Paper JSC's Cash-to-Debt Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Zhejiang Jingxing Paper JSC's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Zhejiang Jingxing Paper JSC's Cash-to-Debt falls into.

Zhejiang Jingxing Paper JSC 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 Jingxing Paper JSC'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)
	=	1258.218	/	(524.573	+	1240.215)
	=	0.71

Zhejiang Jingxing Paper JSC'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)
	=	1243.766	/	(670.512	+	1244.104)
	=	0.65

Zhejiang Jingxing Paper JSC (SZSE:002067) 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 Jingxing Paper JSC Cash-to-Debt Related Terms

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

Zhejiang Jingxing Paper JSC (SZSE:002067) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Zhejiang Jingxing Paper JSC Ltd (SZSE:002067) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Caoqiao Town, Zhejiang Province, Pinghu, CHN, 314214

Website

http://www.zjjxjt.com

Zhejiang Jingxing Paper JSC Ltd is a Chinese company operating in the paper and packaging industry. It manufactures paper and paper products. The company's products include kraft paper, white craft paper, high strength Corrugating medium, bobbin paper, cardboard boxes, household paper products, and other products.

Executives

Zhu Zai Long	Director
Shen Shou Xian	Supervisors
Liu Chun Xiang	Director
Nie Rong Kun	Director
Sheng Xiao Ying	Director
Wang Wei Min	Director
Lu Fu Gui	Supervisors
Zhu Xi Kun	Independent director, within six months of separat

Zhejiang Jingxing Paper JSC (SZSE:002067) Headlines

No Headlines