China Jo-Jo Drugstores (China Jo-Jo Drugstores) Cash-to-Debt : 0.50 (As of Sep. 2023)

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What is China Jo-Jo Drugstores 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. China Jo-Jo Drugstores's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.50.

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, China Jo-Jo Drugstores couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

The historical rank and industry rank for China Jo-Jo Drugstores's Cash-to-Debt or its related term are showing as below:

CJJD' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.3 Med: 0.47 Max: 1.45
Current: 0.5

During the past 13 years, China Jo-Jo Drugstores's highest Cash to Debt Ratio was 1.45. The lowest was 0.30. And the median was 0.47.

CJJD's Cash-to-Debt is ranked worse than
55.69% of 659 companies
in the Healthcare Providers & Services industry
Industry Median: 0.74 vs CJJD: 0.50

China Jo-Jo Drugstores Cash-to-Debt Historical Data

The historical data trend for China Jo-Jo Drugstores'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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China Jo-Jo Drugstores Cash-to-Debt Chart

China Jo-Jo Drugstores Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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0.37

0.30

0.47

0.38

0.45

China Jo-Jo Drugstores Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															0.47	0.38	0.34	0.45	0.50

Competitive Comparison of China Jo-Jo Drugstores's Cash-to-Debt

For the Pharmaceutical Retailers subindustry, China Jo-Jo Drugstores'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.

China Jo-Jo Drugstores's Cash-to-Debt Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, China Jo-Jo Drugstores's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where China Jo-Jo Drugstores's Cash-to-Debt falls into.

China Jo-Jo Drugstores 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.

China Jo-Jo Drugstores's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	18.808	/	(34.387	+	7.768)
	=	0.45

China Jo-Jo Drugstores'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)
	=	18.65	/	(29.566	+	7.445)
	=	0.50

China Jo-Jo Drugstores (NAS:CJJD) 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.

China Jo-Jo Drugstores Cash-to-Debt Related Terms

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

China Jo-Jo Drugstores (China Jo-Jo Drugstores) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » China Jo-Jo Drugstores Inc (NAS:CJJD) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

386 Shangtang Road, Hai Wai Hai Tongxin Mansion Floor 6, Gong Shu District, Zhejiang Province, Hangzhou, CHN, 310008

Website

http://www.jiuzhou360.com

China Jo-Jo Drugstores Inc is a retailer and distributor of pharmaceutical products. The company's operating segments include Retail drugstores, Online Pharmacy, Drug wholesale, and Herb farming. Retail drugstores segment sells prescription and over-the-counter medicines, TCM, dietary supplements, medical devices, and sundry items to retail customers. The online pharmacy segment sells drugs through third-party platforms such as Alibaba's Tmall, JD.com, and Amazon.com. It generates maximum revenue from the Retail drugstores segment.

Executives

Wei Hu	officer: Chief Operating Officer	HAI WAI HAI TONGXIN MANSION FLOOR 6 GONG SHU DISTRICT HANGZHOU CITY F4 310008
Pingfan Wu	director	HAI WAI HAI TONGXIN MANSION FLOOR 6 GONG SHU DISTRICT HANGZHOU CITY F4 310008
Jiangliang He	director	HAI WAI HAI TONGXIN MANSION FLOOR 6 GONG SHU DISTRICT HANGZHOU CITY NY 310008
Liu Yan	officer: Secretary	HAI WAI HAI TONGXIN MANSION FLOOR 6 GONG SHU DISTRICT HANGZHOU CITY, ZHEJIANG PROVIN F4 310008
Lei Liu	director, 10 percent owner, officer: CEO, Chairman of the Board	ROOM 507-513, 5TH FLOOR,A BUILDING MEIDU PLAZA, GONGSHU DISTRICT HANGZHOU F4 310011
Ming Zhao	director, 10 percent owner, officer: Chief Financial Officer	1ST FLOOR, YUZHENG PLAZA, NO. 76, YUHUANGSHAN ROAD, HANGZHOU, ZHEJIANG PROVINCE F4 00000
Caroline Wang	director	HAI WAI HAI TONGXIN MANSION FLOOR 6 GONG SHU DISTRICT HANGZHOU CITY F4 310008
Hillhouse Investment Management, Ltd.	10 percent owner	OFFICE #122, WINDWARD 3 BUILDING, REGATTA OFFICE PARK, WEST BAY ROAD, GRAND CAYMAN E9 KY1-9006
Li Lei	director, 10 percent owner, officer: CEO, Chairman of the Board	511 NE 94TH STREET MIAMI SHORES FL 33138
Li Qi	director, 10 percent owner, officer: Secretary	ROOM 507-513, 5TH FLOOR, A BUILDING MEIDU PLAZA, GONGSHU DISTRICT HANGZHOU F4 310011
Zhimin Su	director	3601B THE CENTER, 989 CHANGLE ROAD SHANGHAI F4 200031
Genghua Gu	director	1ST FLOOR, YUZHENG PLAZA NO.76, YUHUANGSHAN ROAD HANGZHOU, ZHEJIANG PROVINCE F4 310002
Taihong Guo	director	7TH FLOOR, QINGCHUNBAO GROUP NO. 555 XIXI ROAD HANGZHOU F4 310013
Tchaikovsky Bennet Price Jr	other: Former Director	11601 WILSHIRE BOULEVARD, SUITE 2150, LOS ANGELES CA 90025
Marc Thomas Serrio	other: Former Director	P.O. BOX 91836 PASADENA CA 91109