Zhejiang Truelove Vogue Co (SZSE:003041) Cash-to-Debt : 0.55 (As of Mar. 2024)

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What is Zhejiang Truelove Vogue 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 Truelove Vogue Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.55.

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 Truelove Vogue 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 Truelove Vogue Co's Cash-to-Debt or its related term are showing as below:

SZSE:003041' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.28 Med: 2.02 Max: 6441.27
Current: 0.55

During the past 10 years, Zhejiang Truelove Vogue Co's highest Cash to Debt Ratio was 6441.27. The lowest was 0.28. And the median was 2.02.

SZSE:003041's Cash-to-Debt is ranked better than
53.63% of 1033 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.48 vs SZSE:003041: 0.55

Zhejiang Truelove Vogue Co Cash-to-Debt Historical Data

The historical data trend for Zhejiang Truelove Vogue 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 Truelove Vogue Co Cash-to-Debt Chart

Zhejiang Truelove Vogue Co Annual Data

Trend

Dec12

Dec13

Dec14

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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15.23

60.10

5.60

1.28

0.76

Zhejiang Truelove Vogue Co Quarterly Data
	Dec17	Dec18	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															0.76	0.42	0.50	0.76	0.55

Competitive Comparison of Zhejiang Truelove Vogue Co's Cash-to-Debt

For the Textile Manufacturing subindustry, Zhejiang Truelove Vogue 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 Truelove Vogue Co's Cash-to-Debt Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Zhejiang Truelove Vogue Co's Cash-to-Debt distribution charts can be found below:

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

Zhejiang Truelove Vogue 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 Truelove Vogue 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)
	=	332.646	/	(136.528	+	303.905)
	=	0.76

Zhejiang Truelove Vogue 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)
	=	267.268	/	(120.048	+	364.64)
	=	0.55

Zhejiang Truelove Vogue Co (SZSE:003041) 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 Truelove Vogue Co Cash-to-Debt Related Terms

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Zhejiang Truelove Vogue Co (SZSE:003041) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Zhejiang Truelove Vogue Co Ltd (SZSE:003041) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Jiangdong Street, No.399, Fotang Avenue, Zhejiang Province, Yiwu, CHN, 322000

Website

https://www.zamj.cn

Zhejiang Zhenai Meijia Co Ltd is engaged in the research and development, design, production and sales of home textile. The company offers blankets and kits such as =Raschel blankets, quilts, pillow cores and other household textile products.

Zhejiang Truelove Vogue Co (SZSE:003041) Headlines

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