Zhejiang Wolwo Bio-Pharmaceutical Co (SZSE:300357) Cash-to-Debt : 16.90 (As of Mar. 2024)

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What is Zhejiang Wolwo Bio-Pharmaceutical 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. Zhejiang Wolwo Bio-Pharmaceutical Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 16.90.

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 Wolwo Bio-Pharmaceutical 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 Zhejiang Wolwo Bio-Pharmaceutical Co's Cash-to-Debt or its related term are showing as below:

SZSE:300357' s Cash-to-Debt Range Over the Past 10 Years
Min: 16.9 Med: No Debt Max: No Debt
Current: 16.9

During the past 13 years, Zhejiang Wolwo Bio-Pharmaceutical Co's highest Cash to Debt Ratio was No Debt. The lowest was 16.90. And the median was No Debt.

SZSE:300357's Cash-to-Debt is ranked better than
81.09% of 1047 companies
in the Drug Manufacturers industry
Industry Median: 0.94 vs SZSE:300357: 16.90

Zhejiang Wolwo Bio-Pharmaceutical Co Cash-to-Debt Historical Data

The historical data trend for Zhejiang Wolwo Bio-Pharmaceutical 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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Zhejiang Wolwo Bio-Pharmaceutical Co Cash-to-Debt Chart

Zhejiang Wolwo Bio-Pharmaceutical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

90.81

130.79

69.84

20.64

Zhejiang Wolwo Bio-Pharmaceutical 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															29.02	28.47	31.86	20.64	16.90

Competitive Comparison of Zhejiang Wolwo Bio-Pharmaceutical Co's Cash-to-Debt

For the Drug Manufacturers - General subindustry, Zhejiang Wolwo Bio-Pharmaceutical 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.

Zhejiang Wolwo Bio-Pharmaceutical Co's Cash-to-Debt Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Zhejiang Wolwo Bio-Pharmaceutical Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Zhejiang Wolwo Bio-Pharmaceutical Co's Cash-to-Debt falls into.

Zhejiang Wolwo Bio-Pharmaceutical 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.

Zhejiang Wolwo Bio-Pharmaceutical 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)
	=	1288.764	/	(41.187	+	21.256)
	=	20.64

Zhejiang Wolwo Bio-Pharmaceutical 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)
	=	1283.047	/	(56.38	+	19.529)
	=	16.90

Zhejiang Wolwo Bio-Pharmaceutical Co (SZSE:300357) 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 Wolwo Bio-Pharmaceutical Co Cash-to-Debt Related Terms

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Zhejiang Wolwo Bio-Pharmaceutical Co (SZSE:300357) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Zhejiang Wolwo Bio-Pharmaceutical Co Ltd (SZSE:300357) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 636 Zhiyuan North Road, Wukang Town, Deqing County, Zhejiang Province, Huzhou, CHN, 313299

Website

http://www.wolwobiotech.com

Zhejiang Wolwo Bio-Pharmaceutical Co Ltd is a Chinese bio-pharmaceutical company. It is engaged in the research development, production and sales of allergic diseases diagnosis and treatment products. The product portfolio of the company covers dust mites drops, dust mites skin prick diagnosis kit, silk, and others.

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