Weili Holdings (HKSE:02372) Cash-to-Debt : 3.17 (As of Dec. 2023)

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What is Weili Holdings 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. Weili Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 3.17.

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, Weili Holdings 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 Weili Holdings's Cash-to-Debt or its related term are showing as below:

HKSE:02372' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.08 Med: 3.17 Max: No Debt
Current: 3.17

During the past 5 years, Weili Holdings's highest Cash to Debt Ratio was No Debt. The lowest was 1.08. And the median was 3.17.

HKSE:02372's Cash-to-Debt is ranked better than
66% of 50 companies
in the Tobacco Products industry
Industry Median: 0.385 vs HKSE:02372: 3.17

Weili Holdings Cash-to-Debt Historical Data

The historical data trend for Weili Holdings'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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Weili Holdings Cash-to-Debt Chart

Weili Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

1.08

1.74

5.82

No Debt

3.17

Weili Holdings Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			5.82	4.58	No Debt	No Debt	3.17

Competitive Comparison of Weili Holdings's Cash-to-Debt

For the Tobacco subindustry, Weili Holdings'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.

Weili Holdings's Cash-to-Debt Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, Weili Holdings's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Weili Holdings's Cash-to-Debt falls into.

Weili Holdings 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.

Weili Holdings'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)
	=	104.044	/	(32.813	+	0)
	=	3.17

Weili Holdings'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)
	=	104.044	/	(32.813	+	0)
	=	3.17

Weili Holdings (HKSE:02372) 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.

Weili Holdings Cash-to-Debt Related Terms

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Weili Holdings (HKSE:02372) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Weili Holdings Ltd (HKSE:02372) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

New Industrial Park, Hong’an County, Hubei Province, Mi’ersi Town, CHN

Website

http://www.weiliholdings.com

Weili Holdings Ltd is a cigarette wrapping paper manufacturer in China with research and development capabilities to supply customized products to customers. The company mainly supply products to cigarette packaging manufacturers operating in various provinces in China, mainly including Hubei and Henan. The products sold by the company are used in the manufacture of cigarette packaging for well-known tobacco brands in China.

Executives

Chen Weizhuang	2201 Interest of corporation controlled by you
City Ease Limited	2101 Beneficial owner
Liu Yuezhu	2202 Interest of your spouse
Enlighten East Limited	2101 Beneficial owner
Yong Ning Limited	2101 Beneficial owner
Yu Tianbing	2201 Interest of corporation controlled by you
Zhou Huaqin	2202 Interest of your spouse

Weili Holdings (HKSE:02372) Headlines

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