Guoquan Food (Shanghai) Co (HKSE:02517) Cash-to-Debt : 14.77 (As of Dec. 2023)

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What is Guoquan Food (Shanghai) 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. Guoquan Food (Shanghai) Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 14.77.

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, Guoquan Food (Shanghai) 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 Guoquan Food (Shanghai) Co's Cash-to-Debt or its related term are showing as below:

HKSE:02517' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.85 Med: 10.15 Max: 20.29
Current: 14.77

During the past 4 years, Guoquan Food (Shanghai) Co's highest Cash to Debt Ratio was 20.29. The lowest was 0.85. And the median was 10.15.

HKSE:02517's Cash-to-Debt is ranked better than
85.66% of 1855 companies
in the Consumer Packaged Goods industry
Industry Median: 0.53 vs HKSE:02517: 14.77

Guoquan Food (Shanghai) Co Cash-to-Debt Historical Data

The historical data trend for Guoquan Food (Shanghai) 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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Guoquan Food (Shanghai) Co Cash-to-Debt Chart

Guoquan Food (Shanghai) Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.85

20.29

5.53

14.77

Guoquan Food (Shanghai) Co Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23
Cash-to-Debt	0.85	20.29	5.53	14.77

Competitive Comparison of Guoquan Food (Shanghai) Co's Cash-to-Debt

For the Packaged Foods subindustry, Guoquan Food (Shanghai) 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.

Guoquan Food (Shanghai) Co's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Guoquan Food (Shanghai) Co's Cash-to-Debt falls into.

Guoquan Food (Shanghai) 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.

Guoquan Food (Shanghai) 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)
	=	1781.358	/	(98.423	+	22.205)
	=	14.77

Guoquan Food (Shanghai) 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)
	=	1781.358	/	(98.423	+	22.205)
	=	14.77

Guoquan Food (Shanghai) Co (HKSE:02517) 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.

Guoquan Food (Shanghai) Co Cash-to-Debt Related Terms

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Guoquan Food (Shanghai) Co (HKSE:02517) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Guoquan Food (Shanghai) Co Ltd (HKSE:02517) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lane 187, Xinghong Road, Room 802, No. 3, Minhang, Shanghai, CHN

Website

http://www.zzgqsh.com

Guoquan Food (Shanghai) Co Ltd is the leading and rapidly growing home meal products brand in China. It offers a variety of ready-to-eat, ready-to-heat, ready-to-cook and prepared ingredients, with a focus on at-home hotpot and barbecue products. With a carefully curated product portfolio and an extensive network of community-based stores, it enables consumers to enjoy meals at home with convenience, affordability and tastiness. Leveraging its robust supply chain and production capabilities, The company offers a wide variety of home meal products under the Guoquan Shihui brand through a nationwide network of 9,844 retail stores in China, serving diverse dining scenarios.

Guoquan Food (Shanghai) Co (HKSE:02517) Headlines

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