Beijing Wantai Biological Pharmacy Enterprise Co (SHSE:603392) Cash-to-Debt : 17.58 (As of Mar. 2024)

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What is Beijing Wantai Biological Pharmacy Enterprise 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. Beijing Wantai Biological Pharmacy Enterprise Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 17.58.

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, Beijing Wantai Biological Pharmacy Enterprise 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 Beijing Wantai Biological Pharmacy Enterprise Co's Cash-to-Debt or its related term are showing as below:

SHSE:603392' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.56 Med: 12.66 Max: No Debt
Current: 17.58

During the past 11 years, Beijing Wantai Biological Pharmacy Enterprise Co's highest Cash to Debt Ratio was No Debt. The lowest was 1.56. And the median was 12.66.

SHSE:603392's Cash-to-Debt is ranked better than
63.25% of 1540 companies
in the Biotechnology industry
Industry Median: 6.52 vs SHSE:603392: 17.58

Beijing Wantai Biological Pharmacy Enterprise Co Cash-to-Debt Historical Data

The historical data trend for Beijing Wantai Biological Pharmacy Enterprise 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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Beijing Wantai Biological Pharmacy Enterprise Co Cash-to-Debt Chart

Beijing Wantai Biological Pharmacy Enterprise Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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16.27

7.61

5.07

25.92

18.99

Beijing Wantai Biological Pharmacy Enterprise 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															21.47	21.39	20.70	18.99	17.58

Competitive Comparison of Beijing Wantai Biological Pharmacy Enterprise Co's Cash-to-Debt

For the Biotechnology subindustry, Beijing Wantai Biological Pharmacy Enterprise 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.

Beijing Wantai Biological Pharmacy Enterprise Co's Cash-to-Debt Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Beijing Wantai Biological Pharmacy Enterprise Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Beijing Wantai Biological Pharmacy Enterprise Co's Cash-to-Debt falls into.

Beijing Wantai Biological Pharmacy Enterprise 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.

Beijing Wantai Biological Pharmacy Enterprise 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)
	=	5873.68	/	(181.633	+	127.719)
	=	18.99

Beijing Wantai Biological Pharmacy Enterprise 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)
	=	5830.704	/	(191.452	+	140.178)
	=	17.58

Beijing Wantai Biological Pharmacy Enterprise Co (SHSE:603392) 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.

Beijing Wantai Biological Pharmacy Enterprise Co Cash-to-Debt Related Terms

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Beijing Wantai Biological Pharmacy Enterprise Co (SHSE:603392) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Beijing Wantai Biological Pharmacy Enterprise Co Ltd (SHSE:603392) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 31, Science Park Road, Beiqing Road, Changping District, Beijing, CHN, 102206

Website

http://www.ystwt.com

Beijing Wantai Biological Pharmacy Enterprise Co Ltd is an engaged in the research and development and production of biodiagnostic reagents and vaccines. The company produces chemiluminescence, nucleic acid, clinical biochemistry and other testing reagents and clinical inspection quality control products and vaccines. Its products include ELISA series, Colloidal gold series, Bole series, Confirmation series, Automatic blood group analyzer and reagent, Chemiluminescence series, Nucleic acid series, and Research Series.

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