Transfar Zhilian Co (SZSE:002010) Cash-to-Debt : 0.28 (As of Mar. 2024)

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What is Transfar Zhilian 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. Transfar Zhilian Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.28.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Transfar Zhilian Co couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

SZSE:002010' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.2 Med: 0.41 Max: 9.23
Current: 0.28

During the past 13 years, Transfar Zhilian Co's highest Cash to Debt Ratio was 9.23. The lowest was 0.20. And the median was 0.41.

SZSE:002010's Cash-to-Debt is ranked worse than
71.56% of 1547 companies
in the Chemicals industry
Industry Median: 0.74 vs SZSE:002010: 0.28

Transfar Zhilian Co Cash-to-Debt Historical Data

The historical data trend for Transfar Zhilian 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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Transfar Zhilian Co Cash-to-Debt Chart

Transfar Zhilian Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.44

0.42

0.39

0.40

0.33

Transfar Zhilian 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															0.33	0.32	0.33	0.33	0.28

Competitive Comparison of Transfar Zhilian Co's Cash-to-Debt

For the Specialty Chemicals subindustry, Transfar Zhilian 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.

Transfar Zhilian Co's Cash-to-Debt Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Transfar Zhilian Co's Cash-to-Debt distribution charts can be found below:

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

Transfar Zhilian 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.

Transfar Zhilian 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)
	=	5093.801	/	(8208.666	+	7408.279)
	=	0.33

Transfar Zhilian 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)
	=	4323.629	/	(8662.499	+	6897.651)
	=	0.28

Transfar Zhilian Co (SZSE:002010) 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.

Transfar Zhilian Co Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Transfar Zhilian Co's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Transfar Zhilian Co (SZSE:002010) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Transfar Zhilian Co Ltd (SZSE:002010) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Xiaoshan Economic and Technology Development Zone, Zhejiang Province, Hangzhou, CHN, 311215

Website

http://www.transfarchem.com

Transfar Zhilian Co Ltd is engaged in the production and sale of specialty chemicals used in textile printing and dyeing, leather, building materials and water treatment.

Executives

Wu Jian Hua	Director
Yao Wei	Executives
Chen Jian	Directors, executives
Chen Jie	Supervisors
Zhou Jia Hai	Directors, executives
Zhu Jiang Ying	Directors, Directors, and Executives
Yang Bai Zhang	Supervisors
Xu Hu Xiang	Directors, executives
Ying Tian Gen	Director
Lai Yue Min	Executives

Transfar Zhilian Co (SZSE:002010) Headlines

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