Inner Mongolia Yili Industrial Group Co (SHSE:600887) Cash-to-Debt : 0.82 (As of Mar. 2024)

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What is Inner Mongolia Yili Industrial 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. Inner Mongolia Yili Industrial Group Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.82.

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, Inner Mongolia Yili Industrial Group 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 Inner Mongolia Yili Industrial Group Co's Cash-to-Debt or its related term are showing as below:

SHSE:600887' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.73 Med: 1.82 Max: 91.98
Current: 0.82

During the past 13 years, Inner Mongolia Yili Industrial Group Co's highest Cash to Debt Ratio was 91.98. The lowest was 0.73. And the median was 1.82.

SHSE:600887's Cash-to-Debt is ranked better than
58.27% of 1855 companies
in the Consumer Packaged Goods industry
Industry Median: 0.53 vs SHSE:600887: 0.82

Inner Mongolia Yili Industrial Group Co Cash-to-Debt Historical Data

The historical data trend for Inner Mongolia Yili Industrial 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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Inner Mongolia Yili Industrial Group Co Cash-to-Debt Chart

Inner Mongolia Yili Industrial Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.71

0.90

1.43

0.83

0.75

Inner Mongolia Yili Industrial Group 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															0.76	0.73	0.82	0.75	0.82

Competitive Comparison of Inner Mongolia Yili Industrial Group Co's Cash-to-Debt

For the Packaged Foods subindustry, Inner Mongolia Yili Industrial 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.

Inner Mongolia Yili Industrial Group Co's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Inner Mongolia Yili Industrial Group Co's Cash-to-Debt falls into.

Inner Mongolia Yili Industrial 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.

Inner Mongolia Yili Industrial 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)
	=	43382.999	/	(42189.803	+	15484.263)
	=	0.75

Inner Mongolia Yili Industrial 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)
	=	55488.419	/	(52722.755	+	15086.87)
	=	0.82

Inner Mongolia Yili Industrial Group Co (SHSE:600887) 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.

Inner Mongolia Yili Industrial Group Co Cash-to-Debt Related Terms

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Inner Mongolia Yili Industrial Group Co (SHSE:600887) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Inner Mongolia Yili Industrial Group Co Ltd (SHSE:600887) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 Jinshan Street, Jinshan Development Zone, Huhehaote, Inner Mongolia, CHN, 010110

Website

http://www.yili.com

Inner Mongolia Yili Industrial Group is the largest dairy products producer in China, with the majority of revenue (70%) coming from the liquid milk segment. The company also manufactures ice cream, milk powder and beverages. Some flagship lineups include Satine, Yili Pure Milk, Ambrosial and Changqing. The company also expands its overseas presence through setting up R&D centers and acquiring foreign dairy brands such as Westland in New Zealand and Chomthana in Thailand.

Inner Mongolia Yili Industrial Group Co (SHSE:600887) Headlines

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