Gambol Pet Group Co (SZSE:301498) Cash-to-Debt : 36.54 (As of Mar. 2024)

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What is Gambol Pet 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. Gambol Pet Group Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 36.54.

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

SZSE:301498' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.45 Med: 0.93 Max: 72.62
Current: 36.54

During the past 6 years, Gambol Pet Group Co's highest Cash to Debt Ratio was 72.62. The lowest was 0.45. And the median was 0.93.

SZSE:301498's Cash-to-Debt is ranked better than
88.83% of 1844 companies
in the Consumer Packaged Goods industry
Industry Median: 0.515 vs SZSE:301498: 36.54

Gambol Pet Group Co Cash-to-Debt Historical Data

The historical data trend for Gambol Pet 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.

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Gambol Pet Group Co Cash-to-Debt Chart

Gambol Pet Group Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.60

0.88

0.77

0.99

39.82

Gambol Pet Group 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										1.16	7.64	72.62	39.82	36.54

Competitive Comparison of Gambol Pet Group Co's Cash-to-Debt

For the Packaged Foods subindustry, Gambol Pet 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.

Gambol Pet Group Co's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

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

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

Gambol Pet 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.

Gambol Pet 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)
	=	1009.094	/	(4.656	+	20.687)
	=	39.82

Gambol Pet Group 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)
	=	936.059	/	(4.656	+	20.96)
	=	36.54

Gambol Pet Group Co (SZSE:301498) 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.

Gambol Pet Group Co Cash-to-Debt Related Terms

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Gambol Pet Group Co (SZSE:301498) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Gambol Pet Group Co Ltd (SZSE:301498) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

No. 8, Mudanjiang Road, Liaocheng Economic and Technological Development Zone, Shandong Province, Liaocheng, CHN, 252000

Website

http://www.gambolpet.com

Gambol Pet Group Co Ltd is engaged in the research and development, production and sales of pet food, the main products include dog and cat staple food series, snack series and health care products series.

Gambol Pet Group Co (SZSE:301498) Headlines

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