Sinchuan Hezong Medicine Easy-to-buy Pharmaceutical Co (SZSE:300937) Cash-to-Debt : 0.90 (As of Mar. 2024)

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What is Sinchuan Hezong Medicine Easy-to-buy Pharmaceutical 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. Sinchuan Hezong Medicine Easy-to-buy Pharmaceutical Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.90.

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, Sinchuan Hezong Medicine Easy-to-buy Pharmaceutical 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 Sinchuan Hezong Medicine Easy-to-buy Pharmaceutical Co's Cash-to-Debt or its related term are showing as below:

SZSE:300937' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.9 Med: 2.17 Max: No Debt
Current: 0.9

During the past 8 years, Sinchuan Hezong Medicine Easy-to-buy Pharmaceutical Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.90. And the median was 2.17.

SZSE:300937's Cash-to-Debt is ranked better than
55.9% of 669 companies
in the Healthcare Providers & Services industry
Industry Median: 0.69 vs SZSE:300937: 0.90

Sinchuan Hezong Medicine Easy-to-buy Pharmaceutical Co Cash-to-Debt Historical Data

The historical data trend for Sinchuan Hezong Medicine Easy-to-buy Pharmaceutical 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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Sinchuan Hezong Medicine Easy-to-buy Pharmaceutical Co Cash-to-Debt Chart

Sinchuan Hezong Medicine Easy-to-buy Pharmaceutical Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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3.08

2.52

1.19

1.91

1.12

Sinchuan Hezong Medicine Easy-to-buy Pharmaceutical 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															1.55	1.21	1.28	1.12	0.90

Competitive Comparison of Sinchuan Hezong Medicine Easy-to-buy Pharmaceutical Co's Cash-to-Debt

For the Pharmaceutical Retailers subindustry, Sinchuan Hezong Medicine Easy-to-buy Pharmaceutical 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.

Sinchuan Hezong Medicine Easy-to-buy Pharmaceutical Co's Cash-to-Debt Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Sinchuan Hezong Medicine Easy-to-buy Pharmaceutical Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Sinchuan Hezong Medicine Easy-to-buy Pharmaceutical Co's Cash-to-Debt falls into.

Sinchuan Hezong Medicine Easy-to-buy Pharmaceutical 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.

Sinchuan Hezong Medicine Easy-to-buy Pharmaceutical 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)
	=	378.864	/	(333.718	+	4.685)
	=	1.12

Sinchuan Hezong Medicine Easy-to-buy Pharmaceutical 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)
	=	382.473	/	(419.196	+	4.859)
	=	0.90

Sinchuan Hezong Medicine Easy-to-buy Pharmaceutical Co (SZSE:300937) 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.

Sinchuan Hezong Medicine Easy-to-buy Pharmaceutical Co Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Sinchuan Hezong Medicine Easy-to-buy Pharmaceutical Co's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Sinchuan Hezong Medicine Easy-to-buy Pharmaceutical Co (SZSE:300937) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Sinchuan Hezong Medicine Easy-to-buy Pharmaceutical Co Ltd (SZSE:300937) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

No. 18, Youlian 1st Street, 13th Floor, Jinniu District, Sichuan Province, Chengdu, CHN, 610081

Website

https://www.hezongyy.com

Sinchuan Hezong Medicine Easy-to-buy Pharmaceutical Co Ltd provides convenient, efficient and low-cost medical circulation services for the vast community medical terminals and primary medical institutions. It offers various products such as respiratory system, cardiovascular and neurological drugs, biological product, rheumatism and bone injuries and other medicines, cardiovascular and neurological drugs and others.

Executives

Tian Wen Shu	Supervisors
Ai Ying Ping	Director
Lei Qi Gang	Executives
Hao Rui Zhi	Directors, Directors, and Executives

Sinchuan Hezong Medicine Easy-to-buy Pharmaceutical Co (SZSE:300937) Headlines

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