Ziel Home Furnishing Technology Co (SZSE:301376) Cash-to-Debt : 0.67 (As of Mar. 2024)

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What is Ziel Home Furnishing Technology 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. Ziel Home Furnishing Technology Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.67.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Ziel Home Furnishing Technology Co couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Ziel Home Furnishing Technology Co's Cash-to-Debt or its related term are showing as below:

SZSE:301376' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.34 Med: 0.81 Max: 760.11
Current: 0.67

During the past 6 years, Ziel Home Furnishing Technology Co's highest Cash to Debt Ratio was 760.11. The lowest was 0.34. And the median was 0.81.

SZSE:301376's Cash-to-Debt is ranked better than
58.03% of 1096 companies
in the Retail - Cyclical industry
Industry Median: 0.46 vs SZSE:301376: 0.67

Ziel Home Furnishing Technology Co Cash-to-Debt Historical Data

The historical data trend for Ziel Home Furnishing Technology 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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Ziel Home Furnishing Technology Co Cash-to-Debt Chart

Ziel Home Furnishing Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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760.11

0.78

0.41

0.88

0.70

Ziel Home Furnishing Technology Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial									0.84	1.42	0.98	0.70	0.67

Competitive Comparison of Ziel Home Furnishing Technology Co's Cash-to-Debt

For the Specialty Retail subindustry, Ziel Home Furnishing Technology 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.

Ziel Home Furnishing Technology Co's Cash-to-Debt Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Ziel Home Furnishing Technology Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Ziel Home Furnishing Technology Co's Cash-to-Debt falls into.

Ziel Home Furnishing Technology 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.

Ziel Home Furnishing Technology 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)
	=	1188.079	/	(1059.432	+	649.773)
	=	0.70

Ziel Home Furnishing Technology 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)
	=	1177.734	/	(1049.568	+	709.909)
	=	0.67

Ziel Home Furnishing Technology Co (SZSE:301376) 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.

Ziel Home Furnishing Technology Co Cash-to-Debt Related Terms

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Ziel Home Furnishing Technology Co (SZSE:301376) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Ziel Home Furnishing Technology Co Ltd (SZSE:301376) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 198-19, Songshan South Road, No. 601, 6th Floor, Dongfang Building, Erqi, Henan, Zhengzhou, CHN, 450000

Website

https://www.ziel.cn

Ziel Home Furnishing Technology Co Ltd is engaged in research and development, design and sales of home furnishing products such as self-owned brand furniture series, home furnishing series, courtyard series and pet series.

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