Zhejiang Supor Co (SZSE:002032) Cash-to-Debt : 23.30 (As of Mar. 2024)

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What is Zhejiang Supor 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. Zhejiang Supor Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 23.30.

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

SZSE:002032' s Cash-to-Debt Range Over the Past 10 Years
Min: 6.59 Med: No Debt Max: No Debt
Current: 23.3

During the past 13 years, Zhejiang Supor Co's highest Cash to Debt Ratio was No Debt. The lowest was 6.59. And the median was No Debt.

SZSE:002032's Cash-to-Debt is ranked better than
85.05% of 408 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.935 vs SZSE:002032: 23.30

Zhejiang Supor Co Cash-to-Debt Historical Data

The historical data trend for Zhejiang Supor 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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Zhejiang Supor Co Cash-to-Debt Chart

Zhejiang Supor Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

10.21

15.19

20.73

9.18

Zhejiang Supor 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															23.42	11.26	15.23	9.18	23.30

Competitive Comparison of Zhejiang Supor Co's Cash-to-Debt

For the Furnishings, Fixtures & Appliances subindustry, Zhejiang Supor 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.

Zhejiang Supor Co's Cash-to-Debt Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Zhejiang Supor Co's Cash-to-Debt distribution charts can be found below:

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

Zhejiang Supor 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.

Zhejiang Supor 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)
	=	3899.415	/	(247.309	+	177.281)
	=	9.18

Zhejiang Supor 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)
	=	4871.242	/	(50.129	+	158.973)
	=	23.30

Zhejiang Supor Co (SZSE:002032) 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.

Zhejiang Supor Co Cash-to-Debt Related Terms

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Zhejiang Supor Co (SZSE:002032) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Zhejiang Supor Co Ltd (SZSE:002032) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1772 Jianghui Road, Supor Tower, 17th Floor, Dahuayu Economic Development Zone, Zhejiang Province, Hangzhou, Yuhuan, CHN, 310051

Website

http://www.supor.com.cn

Zhejiang Supor Co Ltd operates in the cookware and electric kitchen appliance industries in China. The products offered by the company are cookware, pressure cookers, steam irons and steam ironing machine, electric kettles, steam cookers, food processors, toasters, electric deep fryers, bread makers and indoor grill. The organization sells its products in China and internationally.

Executives

Xu Bo	Executives
Su Xian Ze	Director
Ye Ji De	Directors, executives
Su Ming Rui	Executives
Lu Lan Hua	Supervisors
Yan Jue Ming	Supervisors
Wang Feng He	Executives
Zhang Dong Li	Director

Zhejiang Supor Co (SZSE:002032) Headlines

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