ZHGWF (Zhengwei Group Holdings Co) Cash-to-Debt : 303.13 (As of Jun. 2024)

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What is Zhengwei Group Holdings 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. Zhengwei Group Holdings Co's cash to debt ratio for the quarter that ended in Jun. 2024 was 303.13.

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, Zhengwei Group Holdings Co could pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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

ZHGWF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.39 Med: 2.9 Max: 302.53
Current: 302.53

During the past 5 years, Zhengwei Group Holdings Co's highest Cash to Debt Ratio was 302.53. The lowest was 0.39. And the median was 2.90.

ZHGWF's Cash-to-Debt is ranked better than
93.82% of 1878 companies
in the Consumer Packaged Goods industry
Industry Median: 0.51 vs ZHGWF: 302.53

Zhengwei Group Holdings Co Cash-to-Debt Historical Data

The historical data trend for Zhengwei Group Holdings 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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Zhengwei Group Holdings Co Cash-to-Debt Chart

Zhengwei Group Holdings Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.39

1.18

1.40

3.40

10.89

Zhengwei Group Holdings Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial				2.40	3.40	7.75	10.89	303.13

Competitive Comparison of Zhengwei Group Holdings Co's Cash-to-Debt

For the Packaged Foods subindustry, Zhengwei Group Holdings 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.

Zhengwei Group Holdings Co's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Zhengwei Group Holdings Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Zhengwei Group Holdings Co's Cash-to-Debt falls into.

Zhengwei Group Holdings 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.

Zhengwei Group Holdings 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)
	=	27.896	/	(2.561	+	0)
	=	10.89

Zhengwei Group Holdings Co's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	26.069	/	(0.086	+	0)
	=	303.13

Zhengwei Group Holdings Co (OTCPK:ZHGWF) 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.

Zhengwei Group Holdings Co Cash-to-Debt Related Terms

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Zhengwei Group Holdings Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Zhengwei Group Holdings Co Ltd (OTCPK:ZHGWF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

02147:Hong Kong

Address

487 Yuhu Road, Xiaolan Economic Development and Technology Zone, Nanchang, CHN

Website

https://www.zhengwei100.com

Zhengwei Group Holdings Co Ltd produces dry food and snacks, and secondarily trades related products. It produces and sells a variety of snacks (including ready-to-eat vegetarian snacks and meat snacks), such as crispy bamboo shoots and roast necks; and packaged dry goods such as mushrooms, dried aquatic products, seaweed, grains, and seasonings in China. The majority of revenue is derived from the Snacks segment. It has two operating segments Manufacturing & trading, out of which the majority is from the manufacturing segment. Geographically, the majority is from the PRC.

Zhengwei Group Holdings Co Headlines

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