Zhejiang Wandekai Fluid Equipment Technology Co (SZSE:301309) Cash-to-Debt : 3.17 (As of Sep. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Zhejiang Wandekai Fluid Equipment Technology 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 Wandekai Fluid Equipment Technology Co's cash to debt ratio for the quarter that ended in Sep. 2024 was 3.17.

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, Zhejiang Wandekai Fluid Equipment Technology Co could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

The historical rank and industry rank for Zhejiang Wandekai Fluid Equipment Technology Co's Cash-to-Debt or its related term are showing as below:

SZSE:301309' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.24 Med: 3.69 Max: 28.37
Current: 3.17

During the past 6 years, Zhejiang Wandekai Fluid Equipment Technology Co's highest Cash to Debt Ratio was 28.37. The lowest was 0.24. And the median was 3.69.

SZSE:301309's Cash-to-Debt is ranked better than
75.74% of 1723 companies
in the Construction industry
Industry Median: 0.66 vs SZSE:301309: 3.17

Zhejiang Wandekai Fluid Equipment Technology Co Cash-to-Debt Historical Data

The historical data trend for Zhejiang Wandekai Fluid Equipment Technology 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.

* Premium members only.

Zhejiang Wandekai Fluid Equipment Technology Co Cash-to-Debt Chart

Zhejiang Wandekai Fluid Equipment Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

1.46

0.65

0.37

28.37

9.07

Zhejiang Wandekai Fluid Equipment Technology Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial												6.10	9.07	6.32	3.69	3.17

Competitive Comparison of Zhejiang Wandekai Fluid Equipment Technology Co's Cash-to-Debt

For the Building Products & Equipment subindustry, Zhejiang Wandekai Fluid Equipment Technology 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 Wandekai Fluid Equipment Technology Co's Cash-to-Debt Distribution in the Construction Industry

For the Construction industry and Industrials sector, Zhejiang Wandekai Fluid Equipment Technology Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Zhejiang Wandekai Fluid Equipment Technology Co's Cash-to-Debt falls into.

Save Embed

;

Save Embed

;

Zhejiang Wandekai Fluid Equipment Technology 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 Wandekai Fluid Equipment Technology 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)
	=	736.02	/	(80.937	+	0.18)
	=	9.07

Zhejiang Wandekai Fluid Equipment Technology Co's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	163.144	/	(51.064	+	0.388)
	=	3.17

Zhejiang Wandekai Fluid Equipment Technology Co (SZSE:301309) 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 Wandekai Fluid Equipment Technology Co Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Zhejiang Wandekai Fluid Equipment Technology Co's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Zhejiang Wandekai Fluid Equipment Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Zhejiang Wandekai Fluid Equipment Technology Co Ltd (SZSE:301309) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Fisheries in Donggang Village, Longxi Town, Zhejiang Province, Yuhuan, CHN, 317609

Website

http://www.zjwdk.com

Zhejiang Wandekai Fluid Equipment Technology Co Ltd is engaged in the design, development, production and sales of plumbing equipment. The products are mainly divided into three categories: brass valves, fittings, HVAC products. The products are positioned in the middle and high grade, highlighting the advantages of environmental protection, favored by consumers in North America, Europe and other developed markets.

Zhejiang Wandekai Fluid Equipment Technology Co Headlines

No Headlines