Zhejiang Jiaxin Silk (SZSE:002404) Cash-to-Debt : 1.21 (As of Mar. 2024)

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What is Zhejiang Jiaxin Silk 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. Zhejiang Jiaxin Silk's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.21.

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, Zhejiang Jiaxin Silk 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 Zhejiang Jiaxin Silk's Cash-to-Debt or its related term are showing as below:

SZSE:002404' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.16 Med: 0.85 Max: 1.39
Current: 1.21

During the past 13 years, Zhejiang Jiaxin Silk's highest Cash to Debt Ratio was 1.39. The lowest was 0.16. And the median was 0.85.

SZSE:002404's Cash-to-Debt is ranked better than
67.12% of 1028 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.49 vs SZSE:002404: 1.21

Zhejiang Jiaxin Silk Cash-to-Debt Historical Data

The historical data trend for Zhejiang Jiaxin Silk'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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Zhejiang Jiaxin Silk Cash-to-Debt Chart

Zhejiang Jiaxin Silk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.03

1.39

0.62

1.38

1.11

Zhejiang Jiaxin Silk 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															1.30	1.21	1.08	1.11	1.21

Competitive Comparison of Zhejiang Jiaxin Silk's Cash-to-Debt

For the Apparel Manufacturing subindustry, Zhejiang Jiaxin Silk'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.

Zhejiang Jiaxin Silk's Cash-to-Debt Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Zhejiang Jiaxin Silk's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Zhejiang Jiaxin Silk's Cash-to-Debt falls into.

Zhejiang Jiaxin Silk 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.

Zhejiang Jiaxin Silk'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)
	=	918.972	/	(827.977	+	1.291)
	=	1.11

Zhejiang Jiaxin Silk'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)
	=	1238.289	/	(1022.852	+	1.686)
	=	1.21

Zhejiang Jiaxin Silk (SZSE:002404) 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.

Zhejiang Jiaxin Silk Cash-to-Debt Related Terms

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Zhejiang Jiaxin Silk (SZSE:002404) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Zhejiang Jiaxin Silk Corp Ltd (SZSE:002404) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

The Silk Building No. 22, Zhongshan Road, Zhejiang Province, Jiaxing, CHN

Website

http://www.jxsilk.cn

Zhejiang Jiaxin Silk Corp Ltd is a Chinese silk house. It is engaged in the manufacture of high-grade silk, silk, and clothing. It produces and sales silkworm cocoons, silk, weaving, printing and dyeing, knitting and garments.

Executives

Zhou Guo Jian	Director
Han Shuo	Directors, executives
Zhou Qing Rong	Supervisors
Gu Qun	Director
Feng Jian Ping	Executives
Zhang Ning	Supervisors
Zhu Jian Yong	Supervisors
Zheng Xiao	Directors, Directors, and Executives
Shen Yu Qi	Executives
Xu Hong	Directors, executives
Hu Chuan Guo	Director

Zhejiang Jiaxin Silk (SZSE:002404) Headlines

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