ZHHJY (Zhejiang Shibao Co) Cash-to-Debt : 6.67 (As of Mar. 2025)

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What is Zhejiang Shibao 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. Zhejiang Shibao Co's cash to debt ratio for the quarter that ended in Mar. 2025 was 6.67.

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, Zhejiang Shibao Co could pay off its debt using the cash in hand for the quarter that ended in Mar. 2025.

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

ZHHJY' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.24 Med: 2.4 Max: 35.21
Current: 6.67

During the past 13 years, Zhejiang Shibao Co's highest Cash to Debt Ratio was 35.21. The lowest was 1.24. And the median was 2.40.

ZHHJY's Cash-to-Debt is ranked better than
83.83% of 1317 companies
in the Vehicles & Parts industry
Industry Median: 0.58 vs ZHHJY: 6.67

Zhejiang Shibao Co Cash-to-Debt Historical Data

The historical data trend for Zhejiang Shibao 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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Zhejiang Shibao Co Cash-to-Debt Chart

Zhejiang Shibao Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash-to-Debt

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1.57

1.55

1.79

1.29

6.03

Zhejiang Shibao Co Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Cash-to-Debt	Get a 7-Day Free Trial															2.95	35.22	6.66	6.03	6.67

Competitive Comparison of Zhejiang Shibao Co's Cash-to-Debt

For the Auto Parts subindustry, Zhejiang Shibao 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.

Zhejiang Shibao Co's Cash-to-Debt Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Zhejiang Shibao Co's Cash-to-Debt distribution charts can be found below:

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

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Zhejiang Shibao 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.

Zhejiang Shibao Co's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	67.146	/	(11.14	+	0)
	=	6.03

Zhejiang Shibao Co's Cash to Debt Ratio for the quarter that ended in Mar. 2025 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)
	=	73.055	/	(10.009	+	0.95)
	=	6.67

Zhejiang Shibao Co (OTCPK:ZHHJY) 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.

Zhejiang Shibao Co Cash-to-Debt Related Terms

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

Zhejiang Shibao Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Zhejiang Shibao Co Ltd (OTCPK:ZHHJY) » Definitions » Cash-to-Debt

Traded in Other Exchanges

01057:Hong Kong W4K1:Germany 002703:China

Address

228 Queen’s Road East, Unit C, 5th Floor, Jonsim Place, Wanchai, Hong Kong, HKG

Website

http://www.zjshibao.com

Zhejiang Shibao Co Ltd is engaged in the development, design, manufacture, and sales of automotive steering gears and other key components and parts of the steering system. The company has five production sites in Hangzhou, Yiwu, Siping, and Wuhu, as well as a group research institute in Hangzhou and an automotive intelligent technology research and development center in Beijing. The company is capable of providing all kinds of steering products for commercial cars, passenger cars, and new energy cars. The company derives a majority of its revenue domestically from China.