Wellhope Foods Co (SHSE:603609) Cash-to-Debt : 0.36 (As of Sep. 2024)

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What is Wellhope 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. Wellhope Foods Co's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.36.

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, Wellhope Foods Co couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

SHSE:603609' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.26 Med: 0.5 Max: 1.23
Current: 0.36

During the past 13 years, Wellhope Foods Co's highest Cash to Debt Ratio was 1.23. The lowest was 0.26. And the median was 0.50.

SHSE:603609's Cash-to-Debt is ranked worse than
56.51% of 1867 companies
in the Consumer Packaged Goods industry
Industry Median: 0.52 vs SHSE:603609: 0.36

Wellhope Foods Co Cash-to-Debt Historical Data

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

Wellhope Foods Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.23

0.63

0.40

0.43

Wellhope Foods Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															0.28	0.43	0.32	0.33	0.36

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

For the Farm Products subindustry, Wellhope 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.

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

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

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

Wellhope 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.

Wellhope 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)
	=	1916.208	/	(1903.688	+	2593.843)
	=	0.43

Wellhope Foods Co's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	1624.167	/	(1008.12	+	3482.563)
	=	0.36

Wellhope Foods Co (SHSE:603609) 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.

Wellhope Foods Co Cash-to-Debt Related Terms

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Wellhope Foods Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Wellhope Foods Co Ltd (SHSE:603609) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

No. 169, Huishan Street, Shenbei New District, Liaoning Province, Shenyang, CHN, 110164

Website

http://www.wellhope-ag.com

Wellhope Foods Co Ltd is an animal husbandry company. The company's primary businesses include animal feed, feed raw materials trade, broiler integration, and swine trading. It is also involved in veterinary drugs, farming equipment manufacturing, pet clinic, etc. The company generates maximum revenue from feed products followed by broiler integration and raw materials trade. Its feed product line includes premix feed, concentrated feed, and compound feed.

Executives

Zhao Xin	Director
Wang Feng Jiu	senior management
Shao Cai Mei	Directors, senior managers
Wang Zhong Tao	Supervisors
Ding Yun Feng	Director
Jin Wei Dong	Director
Gao Quan Li	senior management
Sun Li Ge	senior management
Zhang Wen Liang	Director
Wang Xue Qiang	senior management
Wang Zhen Yong	senior management
Di Guo	senior management

Wellhope Foods Co Headlines

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