Shanghai Ziyan Foods Co (SHSE:603057) Cash-to-Debt : 4.92 (As of Mar. 2024)

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What is Shanghai Ziyan Foods 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. Shanghai Ziyan Foods Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 4.92.

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, Shanghai Ziyan Foods Co could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Shanghai Ziyan Foods Co's Cash-to-Debt or its related term are showing as below:

SHSE:603057' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.64 Med: 6.41 Max: 21.69
Current: 4.92

During the past 6 years, Shanghai Ziyan Foods Co's highest Cash to Debt Ratio was 21.69. The lowest was 0.64. And the median was 6.41.

SHSE:603057's Cash-to-Debt is ranked better than
92.94% of 340 companies
in the Restaurants industry
Industry Median: 0.41 vs SHSE:603057: 4.92

Shanghai Ziyan Foods Co Cash-to-Debt Historical Data

The historical data trend for Shanghai Ziyan Foods 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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Shanghai Ziyan Foods Co Cash-to-Debt Chart

Shanghai Ziyan Foods Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.41

2.20

1.90

20.38

11.00

Shanghai Ziyan Foods Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial										21.69	21.23	18.84	11.00	4.92

Competitive Comparison of Shanghai Ziyan Foods Co's Cash-to-Debt

For the Restaurants subindustry, Shanghai Ziyan Foods 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.

Shanghai Ziyan Foods Co's Cash-to-Debt Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Shanghai Ziyan Foods Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Shanghai Ziyan Foods Co's Cash-to-Debt falls into.

Shanghai Ziyan Foods 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.

Shanghai Ziyan Foods 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)
	=	1221.775	/	(71.374	+	39.729)
	=	11.00

Shanghai Ziyan Foods Co's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
	=	1230.551	/	(210.861	+	39.148)
	=	4.92

Shanghai Ziyan Foods Co (SHSE:603057) 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.

Shanghai Ziyan Foods Co Cash-to-Debt Related Terms

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Shanghai Ziyan Foods Co (SHSE:603057) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Shanghai Ziyan Foods Co Ltd (SHSE:603057) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 215, Shennan Road, Minhang District, Shanghai, CHN, 201108

Website

https://www.ziyanfoods.com

Shanghai Ziyan Foods Co Ltd is engaged in the research and development, production and sales of braised food.

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