Panda Dairy (SZSE:300898) Cash-to-Debt : 10.60 (As of Mar. 2024)

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What is Panda Dairy 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. Panda Dairy's cash to debt ratio for the quarter that ended in Mar. 2024 was 10.60.

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, Panda Dairy 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 Panda Dairy's Cash-to-Debt or its related term are showing as below:

SZSE:300898' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.73 Med: 4.21 Max: No Debt
Current: 10.6

During the past 12 years, Panda Dairy's highest Cash to Debt Ratio was No Debt. The lowest was 0.73. And the median was 4.21.

SZSE:300898's Cash-to-Debt is ranked better than
83.61% of 1873 companies
in the Consumer Packaged Goods industry
Industry Median: 0.52 vs SZSE:300898: 10.60

Panda Dairy Cash-to-Debt Historical Data

The historical data trend for Panda Dairy'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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Panda Dairy Cash-to-Debt Chart

Panda Dairy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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10.06

4.01

6.64

3.80

5.54

Panda Dairy 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															3.33	2.69	3.27	5.54	10.60

Competitive Comparison of Panda Dairy's Cash-to-Debt

For the Packaged Foods subindustry, Panda Dairy'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.

Panda Dairy's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Panda Dairy's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Panda Dairy's Cash-to-Debt falls into.

Panda Dairy 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.

Panda Dairy'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)
	=	556.706	/	(80.509	+	20)
	=	5.54

Panda Dairy'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)
	=	427.759	/	(20.352	+	20)
	=	10.60

Panda Dairy (SZSE:300898) 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.

Panda Dairy Cash-to-Debt Related Terms

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

Panda Dairy (SZSE:300898) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Panda Dairy Corp (SZSE:300898) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

No. 650-668, Jianxing East Road, Zhejiang Province, Lingxi Town, Cangnan County, Wenzhou, CHN, 325800

Website

http://www.pandairy.com

Panda Dairy Corp is engaged in the production and sales of concentrated dairy products. The main products includes Panda sweetened condensed milk, evaporated milk, cheese and phytoprotein beverages.

Executives

Guo Hong	Director
Chen Mei Yue	Supervisors
Jiang Xian Zong	Supervisors
Chen Ping Hua	Executives
Lin Wen Zhen	Executives

Panda Dairy (SZSE:300898) Headlines

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