Luzhou Laojiao Co (SZSE:000568) Cash-to-Debt : 2.46 (As of Mar. 2024)

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What is Luzhou Laojiao 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. Luzhou Laojiao Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 2.46.

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, Luzhou Laojiao 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 Luzhou Laojiao Co's Cash-to-Debt or its related term are showing as below:

SZSE:000568' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.12 Med: No Debt Max: No Debt
Current: 2.46

During the past 13 years, Luzhou Laojiao Co's highest Cash to Debt Ratio was No Debt. The lowest was 2.12. And the median was No Debt.

SZSE:000568's Cash-to-Debt is ranked better than
68.75% of 208 companies
in the Beverages - Alcoholic industry
Industry Median: 0.6 vs SZSE:000568: 2.46

Luzhou Laojiao Co Cash-to-Debt Historical Data

The historical data trend for Luzhou Laojiao 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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Luzhou Laojiao Co Cash-to-Debt Chart

Luzhou Laojiao Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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3.92

2.83

3.45

3.00

2.36

Luzhou Laojiao 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															2.14	2.42	2.12	2.36	2.46

Competitive Comparison of Luzhou Laojiao Co's Cash-to-Debt

For the Beverages - Wineries & Distilleries subindustry, Luzhou Laojiao 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.

Luzhou Laojiao Co's Cash-to-Debt Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Luzhou Laojiao Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Luzhou Laojiao Co's Cash-to-Debt falls into.

Luzhou Laojiao 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.

Luzhou Laojiao 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)
	=	27379.017	/	(78.918	+	11521.373)
	=	2.36

Luzhou Laojiao 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)
	=	33420.228	/	(1543.115	+	12020.392)
	=	2.46

Luzhou Laojiao Co (SZSE:000568) 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.

Luzhou Laojiao Co Cash-to-Debt Related Terms

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Luzhou Laojiao Co (SZSE:000568) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Luzhou Laojiao Co Ltd (SZSE:000568) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Nanguang road, Luzhou Laojiao Marketing Network Command Center, Longmatan District, Sichuan Province, Luzhou, CHN, 646000

Website

https://www.lzlj.com

Luzhou Laojiao, or Laojiao, is one of China's leading premium baijiu producers. Its primary product, National Cellar 1573, is widely known as one of the best rich-flavored baijiu in the market, which together with Feitian Moutai and flagship Wuliangye are the top three premium products that dominate more than 90% of the high-end baijiu market. The high-quality products, extensive history, and brand strength have led to strong pricing power, allowing the company to enjoy high retail prices and profit margins. The State-Owned Assets Supervision and Administration Commission of Luzhou City controls 46% of Luzhou Laojiao.

Luzhou Laojiao Co (SZSE:000568) Headlines

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