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Eastroc Beverage (Group) Co (SHSE:605499) Cash-to-Debt : 2.22 (As of Mar. 2024)


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What is Eastroc Beverage (Group) 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. Eastroc Beverage (Group) Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 2.22.

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, Eastroc Beverage (Group) 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 Eastroc Beverage (Group) Co's Cash-to-Debt or its related term are showing as below:

SHSE:605499' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.87   Med: 1.93   Max: 7.28
Current: 2.22

During the past 7 years, Eastroc Beverage (Group) Co's highest Cash to Debt Ratio was 7.28. The lowest was 0.87. And the median was 1.93.

SHSE:605499's Cash-to-Debt is ranked better than
67.31% of 208 companies
in the Beverages - Alcoholic industry
Industry Median: 0.52 vs SHSE:605499: 2.22

Eastroc Beverage (Group) Co Cash-to-Debt Historical Data

The historical data trend for Eastroc Beverage (Group) 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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Eastroc Beverage (Group) Co Cash-to-Debt Chart

Eastroc Beverage (Group) Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash-to-Debt
Get a 7-Day Free Trial 3.83 2.30 1.68 1.27 2.18

Eastroc Beverage (Group) Co Quarterly Data
Dec17 Dec18 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.34 1.41 1.51 2.18 2.22

Competitive Comparison of Eastroc Beverage (Group) Co's Cash-to-Debt

For the Beverages - Brewers subindustry, Eastroc Beverage (Group) 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.


Eastroc Beverage (Group) Co's Cash-to-Debt Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Eastroc Beverage (Group) Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Eastroc Beverage (Group) Co's Cash-to-Debt falls into.



Eastroc Beverage (Group) 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.

Eastroc Beverage (Group) Co's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Eastroc Beverage (Group) Co's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

* 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.


Eastroc Beverage (Group) Co  (SHSE:605499) 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.


Eastroc Beverage (Group) Co Cash-to-Debt Related Terms

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Eastroc Beverage (Group) Co (SHSE:605499) Business Description

Traded in Other Exchanges
N/A
Address
No. 142, Zhuguang North Road, Taoyuan Street, 1st Floor, Building 3, Zhongguan Honghualing Industrial West Zone, Nanshan District, Guangdong Province, Shenzhen, CHN, 518057
Eastroc Beverage (Group) Co Ltd is engaged in the research and development, production and sales of beverages.

Eastroc Beverage (Group) Co (SHSE:605499) Headlines

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