ZJK (ZJK Industrial Co) Cash-to-Debt : 5.92 (As of Jun. 2024)

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What is ZJK Industrial 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. ZJK Industrial Co's cash to debt ratio for the quarter that ended in Jun. 2024 was 5.92.

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, ZJK Industrial 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 ZJK Industrial Co's Cash-to-Debt or its related term are showing as below:

ZJK' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.26 Med: 1.05 Max: 5.92
Current: 5.92

During the past 3 years, ZJK Industrial Co's highest Cash to Debt Ratio was 5.92. The lowest was 0.26. And the median was 1.05.

ZJK's Cash-to-Debt is ranked better than
72.98% of 2987 companies
in the Industrial Products industry
Industry Median: 1.2 vs ZJK: 5.92

ZJK Industrial Co Cash-to-Debt Historical Data

The historical data trend for ZJK Industrial 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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ZJK Industrial Co Cash-to-Debt Chart

ZJK Industrial Co Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

0.26

0.34

2.54

ZJK Industrial Co Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial			N/A	0.34	1.05	2.54	5.92

Competitive Comparison of ZJK Industrial Co's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, ZJK Industrial 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.

ZJK Industrial Co's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, ZJK Industrial Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where ZJK Industrial Co's Cash-to-Debt falls into.

ZJK Industrial 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.

ZJK Industrial 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)
	=	2.827	/	(0.801	+	0.311)
	=	2.54

ZJK Industrial 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)
	=	8.56	/	(0.657	+	0.79)
	=	5.92

ZJK Industrial Co (NAS:ZJK) 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.

ZJK Industrial Co Cash-to-Debt Related Terms

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ZJK Industrial Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ZJK Industrial Co Ltd (NAS:ZJK) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.8, Jingqiang Road, 138 Industrial Zone, Xiuxin Community, Kengzi Town, Pingshan New Area, Shenzhen, CHN, 518122

Website

https://www.zjk-industrial.com

ZJK Industrial Co Ltd is a high-tech enterprise specialized in the manufacturing and sale of precision fasteners, structural parts, and other precision metal parts products for new energy vehicles, circuit boards, data centers, liquid cooling systems for high-speed supercomputers widely applied in the artificial intelligence industry, and intelligent electronic equipment, such as mobile phones, smart watches, drones, and 5G communication base stations. Its products include various standard screws, nuts, bolts, turning parts, stamping parts, and Computer Numerical Control (CNC) machining parts. The products are used in new energy vehicles, mobile phones, smart watches, drones, 5G communication base stations, circuit boards, liquid cooling systems, and other electronic equipment.