Jinzi Ham Co (SZSE:002515) Cash-to-Debt : 14.15 (As of Mar. 2024)

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What is Jinzi Ham 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. Jinzi Ham Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 14.15.

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, Jinzi Ham Co could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

(1) 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.

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

SZSE:002515' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.3 Med: 51.48 Max: No Debt
Current: 14.15

During the past 13 years, Jinzi Ham Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.30. And the median was 51.48.

SZSE:002515's Cash-to-Debt is ranked better than
89.51% of 305 companies
in the Retail - Defensive industry
Industry Median: 0.46 vs SZSE:002515: 14.15

Jinzi Ham Co Cash-to-Debt Historical Data

The historical data trend for Jinzi Ham 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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Jinzi Ham Co Cash-to-Debt Chart

Jinzi Ham Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

0.42

No Debt

Jinzi Ham 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															No Debt	No Debt	No Debt	No Debt	14.15

Competitive Comparison of Jinzi Ham Co's Cash-to-Debt

For the Food Distribution subindustry, Jinzi Ham 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.

Jinzi Ham Co's Cash-to-Debt Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Jinzi Ham Co's Cash-to-Debt distribution charts can be found below:

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

Jinzi Ham 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.

Jinzi Ham Co's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Jinzi Ham Co had no debt ⁽¹⁾.

Jinzi Ham 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)
	=	1416.379	/	(100.088	+	0)
	=	14.15

Jinzi Ham Co (SZSE:002515) 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.

Jinzi Ham Co Cash-to-Debt Related Terms

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Jinzi Ham Co (SZSE:002515) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Jinzi Ham Co Ltd (SZSE:002515) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1000 Jinfan Street, Jinhua, CHN, 321016

Website

http://www.jinzichina.com

Jinzi Ham Co Ltd is a China-based company engaged in the processing and sales of meat products and related by-products. Its main products include ham and ham-related products, as well as featured pure meat products. It is also engaged in the cold chain logistics businesses. The company distributes its products mainly in the domestic market.

Executives

Ma Bo Qian	Independent director
Shi Yan Jun	Director
Xia Fan Lin	Supervisors
Wang Qi Hui	Directors, Directors, and Executives
Wu Yue Xiao	Directors, executives
Xue Zhang Huang	Director
Ma Xiao Zhong	Executives
Zhu Mei Dan	Executives
Zhang Yue Ai	Director
Chen Shun Tong	Supervisors
Zhu Ren Hua	Independent director
Wang Wei Ting	Directors, Directors, and Executives
Wu Xue Song	Supervisors
Hu Kui	Supervisors
Shi Yan Zhu	Director

Jinzi Ham Co (SZSE:002515) Headlines

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