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Zhengwei Group Holdings Co (HKSE:02147) Cash-to-Debt : 10.89 (As of Dec. 2023)


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What is Zhengwei Group Holdings 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. Zhengwei Group Holdings Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 10.89.

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, Zhengwei Group Holdings Co could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

HKSE:02147' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.39   Med: 1.4   Max: 10.89
Current: 10.89

During the past 5 years, Zhengwei Group Holdings Co's highest Cash to Debt Ratio was 10.89. The lowest was 0.39. And the median was 1.40.

HKSE:02147's Cash-to-Debt is ranked better than
83.78% of 1843 companies
in the Consumer Packaged Goods industry
Industry Median: 0.52 vs HKSE:02147: 10.89

Zhengwei Group Holdings Co Cash-to-Debt Historical Data

The historical data trend for Zhengwei Group Holdings 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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Zhengwei Group Holdings Co Cash-to-Debt Chart

Zhengwei Group Holdings Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Cash-to-Debt
0.39 1.18 1.40 3.40 10.89

Zhengwei Group Holdings Co Semi-Annual Data
Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Cash-to-Debt Get a 7-Day Free Trial 1.40 2.40 3.40 7.75 10.89

Competitive Comparison of Zhengwei Group Holdings Co's Cash-to-Debt

For the Packaged Foods subindustry, Zhengwei Group Holdings 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.

Zhengwei Group Holdings Co's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Zhengwei Group Holdings Co's Cash-to-Debt falls into.


Zhengwei Group Holdings 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.

Zhengwei Group Holdings 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)
=217.865 / (19.998 + 0)
=10.89

Zhengwei Group Holdings Co's Cash to Debt Ratio for the quarter 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)
=217.865 / (19.998 + 0)
=10.89

* 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.

Zhengwei Group Holdings Co  (HKSE:02147) 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.

Zhengwei Group Holdings Co Cash-to-Debt Related Terms

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Zhengwei Group Holdings Co (HKSE:02147) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Zhengwei Group Holdings Co Ltd (HKSE:02147) » Definitions » Cash-to-Debt
Comparable Companies
HKSE:00411 HKSE:01837 HKSE:00829 HKSE:03838 HKSE:02317 HKSE:01583 HKSE:03999 HKSE:00809 HKSE:01285 HKSE:00926 XSWX:NESN KHC XPAR:BN GIS SHSE:603288 NSE:NESTLEIND SZSE:300999 SHSE:600887 TSE:2802 LSE:ABF
Traded in Other Exchanges
N/A
Address
487 Yuhu Road, Xiaolan Economic Development Zone, Nanchang, CHN
Website
https://www.zhengwei100.com
Zhengwei Group Holdings Co Ltd produces dry food and snacks, and secondarily trades related products. It produces and sells a variety of snacks (including ready-to-eat vegetarian snacks and meat snacks), such as crispy bamboo shoots and roast necks; and packaged dry goods such as mushrooms, dried aquatic products, seaweed, grains, and seasonings in China. The majority of revenue is derived from the Snacks segment. It has two operating segments Manufacturing & trading, out of which the majority is from the manufacturing segment. Geographically, the majority is from PRC.
Executives
Lin Qiu Yun 2101 Beneficial owner
Yang Shengyao 2201 Interest of corporation controlled by you
Shengyao Investment Group Limited 2101 Beneficial owner
Nan Chang Xian Wen Hua Lv You Tou Zi You Xian Gong Si 2101 Beneficial owner
Nan Chang Xian Ke Ji He Gong Ye Xun Xi Hua Ju 2201 Interest of corporation controlled by you
Lin Qiuyun 2201 Interest of corporation controlled by you
Trendy Peak International Limited 2101 Beneficial owner
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Chang Nan Financial Control Limited 2101 Beneficial owner
Pluto Universal Holdings Limited 2101 Beneficial owner
Lei Junfeng 2201 Interest of corporation controlled by you
Li Hui 2201 Interest of corporation controlled by you
Nan Chang Shi Tong Li Qi Ye Guan Li Zhong Xin You Xian He Huo 2201 Interest of corporation controlled by you
Nan Chang Xian Chang Nan Jin Kong Ji Jin Guan Li You Xian Gong Si 2201 Interest of corporation controlled by you

Zhengwei Group Holdings Co (HKSE:02147) Headlines

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