Zixin Group Holdings (SGX:42W) Cash-to-Debt : 3.14 (As of Sep. 2023)

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What is Zixin Group 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. Zixin Group Holdings's cash to debt ratio for the quarter that ended in Sep. 2023 was 3.14.

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

SGX:42W' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.79 Med: 12.48 Max: No Debt
Current: 3.14

During the past 13 years, Zixin Group Holdings's highest Cash to Debt Ratio was No Debt. The lowest was 2.79. And the median was 12.48.

SGX:42W's Cash-to-Debt is ranked better than
75.49% of 1852 companies
in the Consumer Packaged Goods industry
Industry Median: 0.53 vs SGX:42W: 3.14

Zixin Group Holdings Cash-to-Debt Historical Data

The historical data trend for Zixin Group 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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Zixin Group Holdings Cash-to-Debt Chart

Zixin Group Holdings Annual Data

Trend

Jun14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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2.85

2.79

5.83

5.49

4.32

Zixin Group Holdings Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															6.60	5.49	5.24	4.32	3.14

Competitive Comparison of Zixin Group Holdings's Cash-to-Debt

For the Packaged Foods subindustry, Zixin Group 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.

Zixin Group Holdings's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

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

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

Zixin Group 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.

Zixin Group Holdings's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	39.976	/	(9.201	+	0.048)
	=	4.32

Zixin Group Holdings's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	27.929	/	(8.84	+	0.048)
	=	3.14

Zixin Group Holdings (SGX:42W) 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.

Zixin Group Holdings Cash-to-Debt Related Terms

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Zixin Group Holdings (SGX:42W) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Zixin Group Holdings Ltd (SGX:42W) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Anson Road, 27- 06 B, International Plaza, Singapore, SGP, 079903

Website

http://www.zixinshuye.com

Zixin Group Holdings Ltd is an investment holding company. The group is engaged in the research, production, and distribution of sweet potato food products across China, processed from purple and orange-fleshed sweet potatoes. The company generates its revenue from Sweet potato processed products and sweet potatoes, where the majority is generated from Sweet potato processed products.

Zixin Group Holdings (SGX:42W) Headlines

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