HUANLEJIA Food Group Co (SZSE:300997) Cash-to-Debt : 175.03 (As of Dec. 2023)

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What is HUANLEJIA Food Group 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. HUANLEJIA Food Group Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 175.03.

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, HUANLEJIA Food Group Co could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

SZSE:300997' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.34 Med: 2.76 Max: 175.03
Current: 175.03

During the past 7 years, HUANLEJIA Food Group Co's highest Cash to Debt Ratio was 175.03. The lowest was 0.34. And the median was 2.76.

SZSE:300997's Cash-to-Debt is ranked better than
91.59% of 107 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 0.68 vs SZSE:300997: 175.03

HUANLEJIA Food Group Co Cash-to-Debt Historical Data

The historical data trend for HUANLEJIA Food 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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HUANLEJIA Food Group Co Cash-to-Debt Chart

HUANLEJIA Food Group Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.10

2.76

79.02

120.54

175.03

HUANLEJIA Food Group Co Quarterly Data
	Dec17	Dec18	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															120.54	115.15	123.93	116.82	175.03

Competitive Comparison of HUANLEJIA Food Group Co's Cash-to-Debt

For the Beverages - Non-Alcoholic subindustry, HUANLEJIA Food 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.

HUANLEJIA Food Group Co's Cash-to-Debt Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, HUANLEJIA Food Group Co's Cash-to-Debt distribution charts can be found below:

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

HUANLEJIA Food 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.

HUANLEJIA Food Group Co's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	894.735	/	(0	+	5.112)
	=	175.03

HUANLEJIA Food Group Co's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	894.735	/	(0	+	5.112)
	=	175.03

HUANLEJIA Food Group Co (SZSE:300997) 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.

HUANLEJIA Food Group Co Cash-to-Debt Related Terms

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

HUANLEJIA Food Group Co (SZSE:300997) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » HUANLEJIA Food Group Co Ltd (SZSE:300997) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 71, Renmin Avenue Middle, Development Zone, 28th, 29th, 31st and 32nd floors of Happy Home Building, Guangdong Province, Zhanjiang, CHN, 524026

Website

https://www.gdhlj.com

HUANLEJIA Food Group Co Ltd is engaged in research and development, production and sales of food and beverage products such as canned fruits, vegetable protein beverages, fruit juice beverages, and lactic acid bacteria beverages.

HUANLEJIA Food Group Co (SZSE:300997) Headlines

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