Zhaojin Mining Industry Co (FRA:ZVL) Cash-to-Debt : 0.25 (As of Dec. 2023)

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What is Zhaojin Mining Industry 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. Zhaojin Mining Industry Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.25.

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, Zhaojin Mining Industry Co couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Zhaojin Mining Industry Co's Cash-to-Debt or its related term are showing as below:

FRA:ZVL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.12 Med: 0.16 Max: 0.27
Current: 0.25

During the past 13 years, Zhaojin Mining Industry Co's highest Cash to Debt Ratio was 0.27. The lowest was 0.12. And the median was 0.16.

FRA:ZVL's Cash-to-Debt is ranked worse than
83.23% of 2636 companies
in the Metals & Mining industry
Industry Median: 17.875 vs FRA:ZVL: 0.25

Zhaojin Mining Industry Co Cash-to-Debt Historical Data

The historical data trend for Zhaojin Mining Industry 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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Zhaojin Mining Industry Co Cash-to-Debt Chart

Zhaojin Mining Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.22

0.16

0.25

0.27

0.25

Zhaojin Mining Industry Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.25	0.30	0.27	0.35	0.25

Competitive Comparison of Zhaojin Mining Industry Co's Cash-to-Debt

For the Gold subindustry, Zhaojin Mining Industry 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.

Zhaojin Mining Industry Co's Cash-to-Debt Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Zhaojin Mining Industry Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Zhaojin Mining Industry Co's Cash-to-Debt falls into.

Zhaojin Mining Industry 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.

Zhaojin Mining Industry 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)
	=	569.822	/	(1005.373	+	1278.957)
	=	0.25

Zhaojin Mining Industry Co's Cash to Debt Ratio for the quarter 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)
	=	569.822	/	(1005.373	+	1278.957)
	=	0.25

Zhaojin Mining Industry Co (FRA:ZVL) 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.

Zhaojin Mining Industry Co Cash-to-Debt Related Terms

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Zhaojin Mining Industry Co (FRA:ZVL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Zhaojin Mining Industry Co Ltd (FRA:ZVL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

ZHAOF:USA 01818:Hong Kong ZVL:Germany

Address

1 Matheson Street, Times Square, 31st Floor, Tower Two, Causeway Bay, Hong Kong, HKG

Website

https://www.zhaojin.com.cn

Zhaojin Mining Industry Co Ltd is engaged in the mining, processing, smelting, and sale of gold and silver products. The exploration, mining, ore processing, smelting, and sale of gold and other metallic products, is a large integrated mining enterprise specializing in the production of gold. It produces two kinds of gold products, Au9999 and Au9995 gold bullions under the brand Zhaojin. It has three reportable operating segments, the gold operations segment consists of gold mining and smelting operations; the copper operations segment consists of copper mining and smelting operations; the others segment comprises other investment activities, operation of a finance company, operation and catering services of a hotel, exploration services and engineering design and consulting services.

Zhaojin Mining Industry Co (FRA:ZVL) Headlines

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