Jin Medical International (Jin Medical International) Cash-to-Debt : 4.06 (As of Sep. 2023)

View and export this data going back to 2023. Start your Free Trial

What is Jin Medical International 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. Jin Medical International's cash to debt ratio for the quarter that ended in Sep. 2023 was 4.06.

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, Jin Medical International could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

The historical rank and industry rank for Jin Medical International's Cash-to-Debt or its related term are showing as below:

ZJYL' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.07 Med: 5002.03 Max: No Debt
Current: 4.06

During the past 4 years, Jin Medical International's highest Cash to Debt Ratio was No Debt. The lowest was 1.07. And the median was 5002.03.

ZJYL's Cash-to-Debt is ranked better than
61.63% of 860 companies
in the Medical Devices & Instruments industry
Industry Median: 1.895 vs ZJYL: 4.06

Jin Medical International Cash-to-Debt Historical Data

The historical data trend for Jin Medical International'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.

Jin Medical International Cash-to-Debt Chart

Jin Medical International Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Cash-to-Debt

1.07

No Debt

4.06

Jin Medical International Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial			No Debt	No Debt	No Debt	9.19	4.06

Competitive Comparison of Jin Medical International's Cash-to-Debt

For the Medical Instruments & Supplies subindustry, Jin Medical International'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.

Jin Medical International's Cash-to-Debt Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Jin Medical International's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Jin Medical International's Cash-to-Debt falls into.

Jin Medical International 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.

Jin Medical International's Cash to Debt Ratio for the fiscal year that ended in Sep. 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)
	=	16.698	/	(4.113	+	0)
	=	4.06

Jin Medical International's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	16.698	/	(4.113	+	0)
	=	4.06

Jin Medical International (NAS:ZJYL) 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.

Jin Medical International Cash-to-Debt Related Terms

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

Jin Medical International (Jin Medical International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Jin Medical International Ltd (NAS:ZJYL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 33 Lingxiang Road,, Wujin District, Jiangsu Province, Changzhou City, CHN, KY1-1205

Website

Jin Medical International Ltd offers rehabilitation equipment. It is primarily engaged in the design, development, manufacturing, and sales of wheelchair and other living aids products to be used by people with disabilities or impaired mobility. The Company's products are sold to distributors in both China and in overseas markets. Its product offerings comprise Wheelechaire serirs, Bath products, oxygen machines, nursing products, and conlo products.