Shanghai Maling Aquarius Co (SHSE:600073) Cash-to-Debt : 0.85 (As of Mar. 2024)

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What is Shanghai Maling Aquarius 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. Shanghai Maling Aquarius Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.85.

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, Shanghai Maling Aquarius 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 Shanghai Maling Aquarius Co's Cash-to-Debt or its related term are showing as below:

SHSE:600073' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.66 Med: 1.17 Max: 1.87
Current: 0.85

During the past 13 years, Shanghai Maling Aquarius Co's highest Cash to Debt Ratio was 1.87. The lowest was 0.66. And the median was 1.17.

SHSE:600073's Cash-to-Debt is ranked better than
59.73% of 1860 companies
in the Consumer Packaged Goods industry
Industry Median: 0.52 vs SHSE:600073: 0.85

Shanghai Maling Aquarius Co Cash-to-Debt Historical Data

The historical data trend for Shanghai Maling Aquarius 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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Shanghai Maling Aquarius Co Cash-to-Debt Chart

Shanghai Maling Aquarius Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.93

1.18

0.98

1.17

0.95

Shanghai Maling Aquarius 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															1.02	0.89	1.07	0.95	0.85

Competitive Comparison of Shanghai Maling Aquarius Co's Cash-to-Debt

For the Packaged Foods subindustry, Shanghai Maling Aquarius 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.

Shanghai Maling Aquarius Co's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Shanghai Maling Aquarius Co's Cash-to-Debt falls into.

Shanghai Maling Aquarius 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.

Shanghai Maling Aquarius 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)
	=	3619.247	/	(3260.103	+	561.342)
	=	0.95

Shanghai Maling Aquarius 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)
	=	3344.012	/	(3327.204	+	607.822)
	=	0.85

Shanghai Maling Aquarius Co (SHSE:600073) 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.

Shanghai Maling Aquarius Co Cash-to-Debt Related Terms

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Shanghai Maling Aquarius Co (SHSE:600073) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Shanghai Maling Aquarius Co Ltd (SHSE:600073) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

No. 400 Tongbei Road, Shanghai, Shanghai, CHN, 200082

Website

http://www.shanghaimaling.com

Shanghai Maling Aquarius Co Ltd engages in the manufacturing of food products primarily in China. It offers meat and meat products, canned products, snack foods, seasonings, aquatic products, fruits and vegetables, and cooked food. It also offers drinking water and beverages. The company offers its products under the Guanshengyuan, White Rabbit, Merlin, Bergamot, Hua Tuo, Masanori, SF, Eisen, and 96858 brand names.

Executives

Wang De Qing	Director
Wu Xiao Hong	Supervisors

Shanghai Maling Aquarius Co (SHSE:600073) Headlines

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