Ganyuan Foods Co (SZSE:002991) Cash-to-Debt : 303.79 (As of Mar. 2024)

View and export this data going back to 2020. Start your Free Trial

What is Ganyuan 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. Ganyuan Foods Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 303.79.

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, Ganyuan 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 Ganyuan Foods Co's Cash-to-Debt or its related term are showing as below:

SZSE:002991' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.63 Med: 257.96 Max: No Debt
Current: 303.79

During the past 8 years, Ganyuan Foods Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.63. And the median was 257.96.

SZSE:002991's Cash-to-Debt is ranked better than
93.32% of 1811 companies
in the Consumer Packaged Goods industry
Industry Median: 0.52 vs SZSE:002991: 303.79

Ganyuan Foods Co Cash-to-Debt Historical Data

The historical data trend for Ganyuan 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.

* Premium members only.

Ganyuan Foods Co Cash-to-Debt Chart

Ganyuan Foods Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

112.70

174.40

185.27

294.93

Ganyuan Foods Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															196.10	236.07	245.02	294.93	303.79

Competitive Comparison of Ganyuan Foods Co's Cash-to-Debt

For the Packaged Foods subindustry, Ganyuan 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.

Ganyuan Foods Co's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

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

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

Ganyuan 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.

Ganyuan 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)
	=	1005.7	/	(1.787	+	1.623)
	=	294.93

Ganyuan 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)
	=	1014.368	/	(2.077	+	1.262)
	=	303.79

Ganyuan Foods Co (SZSE:002991) 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.

Ganyuan Foods Co Cash-to-Debt Related Terms

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

Ganyuan Foods Co (SZSE:002991) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ganyuan Foods Co Ltd (SZSE:002991) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Qingquan Biological Medicine Food Industrial Park, Pingxiang Economic & Technological Development Zone, Jiangxi Province, Pingxiang, CHN, 337000

Website

http://www.ganyuanfood.com

Ganyuan Foods Co Ltd is engaged in production and sales of snack foods. The company's products include products include green beans, broad beans, melon seeds, black beans, peanuts, fried rice, beans and other roasted goods, as well as cashew nuts, macadamia nuts and other high-end nuts. Its bean snack brand is Ganyuan.

Executives

Yan Hai Yan

Secretary, Director

Ganyuan Foods Co (SZSE:002991) Headlines

No Headlines