Shiyue Daotian Group Co (HKSE:09676) Cash-to-Debt : 1.37 (As of Dec. 2023)

View and export this data going back to 2023. Start your Free Trial

What is Shiyue Daotian 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. Shiyue Daotian Group Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.37.

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

HKSE:09676' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.15 Med: 0.83 Max: 2.09
Current: 1.37

During the past 4 years, Shiyue Daotian Group Co's highest Cash to Debt Ratio was 2.09. The lowest was 0.15. And the median was 0.83.

HKSE:09676's Cash-to-Debt is ranked better than
66.36% of 1855 companies
in the Consumer Packaged Goods industry
Industry Median: 0.53 vs HKSE:09676: 1.37

Shiyue Daotian Group Co Cash-to-Debt Historical Data

The historical data trend for Shiyue Daotian 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.

* Premium members only.

Shiyue Daotian Group Co Cash-to-Debt Chart

Shiyue Daotian Group Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.15

2.09

0.29

1.37

Shiyue Daotian Group Co Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23
Cash-to-Debt	0.15	2.09	0.29	1.37

Competitive Comparison of Shiyue Daotian Group Co's Cash-to-Debt

For the Packaged Foods subindustry, Shiyue Daotian 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.

Shiyue Daotian Group Co's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

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

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

Shiyue Daotian 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.

Shiyue Daotian 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)
	=	1561.061	/	(1119.997	+	21.293)
	=	1.37

Shiyue Daotian 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)
	=	1561.061	/	(1119.997	+	21.293)
	=	1.37

Shiyue Daotian Group Co (HKSE:09676) 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.

Shiyue Daotian Group Co Cash-to-Debt Related Terms

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

Shiyue Daotian Group Co (HKSE:09676) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Shiyue Daotian Group Co Ltd (HKSE:09676) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

2nd Floor, Building A, Yisha Wenxin Plaza, Chaoyang, Beijing, CHN

Website

https://www.shiyuedaotian.com

Shiyue Daotian Group Co Ltd is one of China's leading and rapidly growing pantry staple food companies, enjoying a robust multichannel brand presence. It has been dedicated to providing its consumers with pre-packaged premium rice, whole grain, bean, and dried food products.

Shiyue Daotian Group Co (HKSE:09676) Headlines

No Headlines