Zhengzhou Qianweiyangchu Food Co (SZSE:001215) Cash-to-Debt

: 1.81 (As of Sep. 2022)

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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. Zhengzhou Qianweiyangchu Food Co's cash to debt ratio for the quarter that ended in Sep. 2022 was 1.81.

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, Zhengzhou Qianweiyangchu Food Co could pay off its debt using the cash in hand for the quarter that ended in Sep. 2022.

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

SZSE:001215' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.89 Med: 2.26 Max: No Debt
Current: 1.81

During the past 5 years, Zhengzhou Qianweiyangchu Food Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.89. And the median was 2.26.

SZSE:001215's Cash-to-Debt is ranked better than
69.89% of 1800 companies
in the Consumer Packaged Goods industry
Industry Median: 0.50 vs SZSE:001215: 1.81

Zhengzhou Qianweiyangchu Food Co Cash-to-Debt Historical Data

The historical data trend for Zhengzhou Qianweiyangchu Food 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.

* Premium members only.

Zhengzhou Qianweiyangchu Food Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Cash-to-Debt

No Debt

2.63

1.37

4.91

Zhengzhou Qianweiyangchu Food Co Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Cash-to-Debt									2.26	4.91	3.04	2.17	1.81

Competitive Comparison

For the Packaged Foods subindustry, Zhengzhou Qianweiyangchu Food 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.

Annual Data Quarterly Data

Zhengzhou Qianweiyangchu Food Co Cash-to-Debt Distribution

For the Consumer Packaged Goods industry and Consumer Defensive sector, Zhengzhou Qianweiyangchu Food Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Zhengzhou Qianweiyangchu Food Co's Cash-to-Debt falls in comparison to its industry or sector. The grey bar indicates the Cash-to-Debt's extreme value range as defined by GuruFocus.

Zhengzhou Qianweiyangchu Food 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.

Zhengzhou Qianweiyangchu Food Co's Cash to Debt Ratio for the fiscal year that ended in Dec. 2021 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)
	=	332.096	/	(25.302	+	42.346)
	=	4.91

Zhengzhou Qianweiyangchu Food Co's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	331.908	/	(26.825	+	156.449)
	=	1.81

Zhengzhou Qianweiyangchu Food Co (SZSE:001215) 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.

Zhengzhou Qianweiyangchu Food Co Cash-to-Debt Related Terms

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Zhengzhou Qianweiyangchu Food Co (SZSE:001215) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Zhengzhou Qianweiyangchu Food Co Ltd (SZSE:001215) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Zhengzhou High-tech Zone, No. 2, Hongfengli, Henan Province, Zhengzhou, CHN, 450001

Website

https://www.qianweiyangchu.com

Zhengzhou Qianwei Central Kitchen Food Co Ltd is engaged in production and sales of quick-frozen noodle products for catering companies.

Zhengzhou Qianweiyangchu Food Co (SZSE:001215) Headlines

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