Zhejiang Publishing & Media Co (SHSE:601921) Cash-to-Debt : 259.27 (As of Mar. 2024)

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What is Zhejiang Publishing & Media 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 Publishing & Media Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 259.27.

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 Publishing & Media 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 Publishing & Media Co's Cash-to-Debt or its related term are showing as below:

SHSE:601921' s Cash-to-Debt Range Over the Past 10 Years
Min: 23.01 Med: 35.1 Max: 396.14
Current: 259.27

During the past 7 years, Zhejiang Publishing & Media Co's highest Cash to Debt Ratio was 396.14. The lowest was 23.01. And the median was 35.10.

SHSE:601921's Cash-to-Debt is ranked better than
91.01% of 1001 companies
in the Media - Diversified industry
Industry Median: 1.25 vs SHSE:601921: 259.27

Zhejiang Publishing & Media Co Cash-to-Debt Historical Data

The historical data trend for Zhejiang Publishing & Media 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 Publishing & Media Co Cash-to-Debt Chart

Zhejiang Publishing & Media Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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43.38

23.01

26.57

29.13

208.79

Zhejiang Publishing & Media Co Quarterly Data
	Dec17	Dec18	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															157.27	172.85	190.97	208.79	259.27

Competitive Comparison of Zhejiang Publishing & Media Co's Cash-to-Debt

For the Publishing subindustry, Zhejiang Publishing & Media 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 Publishing & Media Co's Cash-to-Debt Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Zhejiang Publishing & Media Co's Cash-to-Debt distribution charts can be found below:

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

Zhejiang Publishing & Media 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 Publishing & Media 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)
	=	12272.016	/	(36.15	+	22.627)
	=	208.79

Zhejiang Publishing & Media 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)
	=	12505.025	/	(20.452	+	27.78)
	=	259.27

Zhejiang Publishing & Media Co (SHSE:601921) 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 Publishing & Media Co Cash-to-Debt Related Terms

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Zhejiang Publishing & Media Co (SHSE:601921) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Zhejiang Publishing & Media Co Ltd (SHSE:601921) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

No. 347 Tiyuchang Road, 18th Floor, Xiacheng District, Zhejiang Province, Hangzhou, CHN, 310013

Website

https://www.zjcbcm.com

Zhejiang Publishing & Media Co Ltd is engaged in the publication, distribution and printing of books, periodicals, audio-visual products and electronic publications.

Zhejiang Publishing & Media Co (SHSE:601921) Headlines

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