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Chongqing Zaisheng Technology Co (SHSE:603601) Cash-to-Debt

: 1.02 (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. Chongqing Zaisheng Technology Co's cash to debt ratio for the quarter that ended in Sep. 2023 was 1.02.

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, Chongqing Zaisheng Technology 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 Chongqing Zaisheng Technology Co's Cash-to-Debt or its related term are showing as below:

SHSE:603601' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.32   Med: 1.1   Max: 25.5
Current: 1.02

During the past 12 years, Chongqing Zaisheng Technology Co's highest Cash to Debt Ratio was 25.50. The lowest was 0.32. And the median was 1.10.

SHSE:603601's Cash-to-Debt is ranked better than
56.48% of 1551 companies
in the Chemicals industry
Industry Median: 0.75 vs SHSE:603601: 1.02

Chongqing Zaisheng Technology Co Cash-to-Debt Historical Data

The historical data trend for Chongqing Zaisheng Technology 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] => 1.13 [6] => 1.09 [7] => 1.23 [8] => 0.75 [9] => 1.12 )
Chongqing Zaisheng Technology Co Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cash-to-Debt
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.13 1.09 1.23 0.75 1.12

Chongqing Zaisheng Technology 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.89 1.12 1.10 1.03 1.02

Competitive Comparison

For the Specialty Chemicals subindustry, Chongqing Zaisheng Technology 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.


Chongqing Zaisheng Technology Co Cash-to-Debt Distribution

For the Chemicals industry and Basic Materials sector, Chongqing Zaisheng Technology Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Chongqing Zaisheng Technology Co's Cash-to-Debt falls into.



Chongqing Zaisheng Technology 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.

Chongqing Zaisheng Technology Co's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 is calculated as:

Chongqing Zaisheng Technology Co's Cash to Debt Ratio for the quarter that ended in Sep. 2023 is calculated as:

* 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.


Chongqing Zaisheng Technology Co  (SHSE:603601) 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.


Chongqing Zaisheng Technology Co Cash-to-Debt Related Terms

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Chongqing Zaisheng Technology Co (SHSE:603601) Business Description

Traded in Other Exchanges
N/A
Address
Liangang Avenue, Huixing Street, Building 1, No. 197, Yubei District, Chongqing, CHN, 401120
Chongqing Zaisheng Technology Co Ltd is engaged in researching, manufacturing, and marketing of glass microfiber products which are used in the purification and energy-saving field. The company's core products are profile include Glass Microfiber Filter and Fiberglass VIP Core Material. Its other products are AGM Separator, Air Laid Cotton, Dry Method VIP, Glass fiber filter, and others.

Chongqing Zaisheng Technology Co (SHSE:603601) Headlines

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