Zhewen Interactive Group Co (SHSE:600986) Cash-to-Debt

: 1.13 (As of Sep. 2023)

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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. Zhewen Interactive Group Co's cash to debt ratio for the quarter that ended in Sep. 2023 was 1.13.

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, Zhewen Interactive Group Co 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 Zhewen Interactive Group Co's Cash-to-Debt or its related term are showing as below:

SHSE:600986' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.37 Med: 1.17 Max: 2.42
Current: 1.13

During the past 13 years, Zhewen Interactive Group Co's highest Cash to Debt Ratio was 2.42. The lowest was 0.37. And the median was 1.17.

SHSE:600986's Cash-to-Debt is ranked worse than
51.64% of 1038 companies
in the Media - Diversified industry
Industry Median: 1.26 vs SHSE:600986: 1.13

Zhewen Interactive Group Co Cash-to-Debt Historical Data

The historical data trend for Zhewen Interactive Group 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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Array ( [0] => - [1] => - [2] => - [3] => - [4] => - [5] => 1.11 [6] => 1.61 [7] => 1.63 [8] => 0.96 [9] => 0.37 )

Zhewen Interactive Group Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

1.11

1.61

1.63

0.96

0.37

Zhewen Interactive Group Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt																0.59	0.37	0.68	0.85	1.13

Competitive Comparison

For the Advertising Agencies subindustry, Zhewen Interactive Group 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.

Zhewen Interactive Group Co Cash-to-Debt Distribution

For the Media - Diversified industry and Communication Services sector, Zhewen Interactive Group Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Zhewen Interactive Group Co's Cash-to-Debt falls into.

Zhewen Interactive Group 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.

Zhewen Interactive Group Co's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	420.105	/	(1135.301	+	9.794)
	=	0.37

Zhewen Interactive Group Co'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)
	=	1058.298	/	(903.329	+	29.926)
	=	1.13

Zhewen Interactive Group Co (SHSE:600986) 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.

Zhewen Interactive Group Co Cash-to-Debt Related Terms

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Zhewen Interactive Group Co (SHSE:600986) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Zhewen Interactive Group Co Ltd (SHSE:600986) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Issa Wenxin Plaza, 5th Floor, Block A, Chaoyang District, Beijing, CHN, 100000

Website

http://www.keda-group.com

Zhewen Interactive Group Co Ltd is engaged in digital marketing, with technology and data driving traffic operations, and digging into the value of traffic. It provides corporate marketing planning, corporate image planning, exhibition and display services; design, production, agency, and advertising.

Zhewen Interactive Group Co (SHSE:600986) Headlines

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