Anhui Gujing Distillery Co (SZSE:000596) Cash-to-Debt : 81.06 (As of Sep. 2023)

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What is Anhui Gujing Distillery 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. Anhui Gujing Distillery Co's cash to debt ratio for the quarter that ended in Sep. 2023 was 81.06.

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, Anhui Gujing Distillery Co could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

SZSE:000596' s Cash-to-Debt Range Over the Past 10 Years
Min: 21.75 Med: No Debt Max: No Debt
Current: 81.06

During the past 13 years, Anhui Gujing Distillery Co's highest Cash to Debt Ratio was No Debt. The lowest was 21.75. And the median was No Debt.

SZSE:000596's Cash-to-Debt is ranked better than
89.86% of 207 companies
in the Beverages - Alcoholic industry
Industry Median: 0.54 vs SZSE:000596: 81.06

Anhui Gujing Distillery Co Cash-to-Debt Historical Data

The historical data trend for Anhui Gujing Distillery 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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Anhui Gujing Distillery Co Cash-to-Debt Chart

Anhui Gujing Distillery Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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No Debt

33.56

59.86

82.28

Anhui Gujing Distillery Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															96.83	82.28	109.53	92.11	81.06

Competitive Comparison of Anhui Gujing Distillery Co's Cash-to-Debt

For the Beverages - Wineries & Distilleries subindustry, Anhui Gujing Distillery 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.

Anhui Gujing Distillery Co's Cash-to-Debt Distribution in the Beverages - Alcoholic Industry

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

* The bar in red indicates where Anhui Gujing Distillery Co's Cash-to-Debt falls into.

Anhui Gujing Distillery 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.

Anhui Gujing Distillery Co's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	15555.249	/	(125.47	+	63.576)
	=	82.28

Anhui Gujing Distillery Co's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	17389.163	/	(29.209	+	185.315)
	=	81.06

Anhui Gujing Distillery Co (SZSE:000596) 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.

Anhui Gujing Distillery Co Cash-to-Debt Related Terms

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Anhui Gujing Distillery Co (SZSE:000596) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Anhui Gujing Distillery Co Ltd (SZSE:000596) » Definitions » Cash-to-Debt

Traded in Other Exchanges

200596:China

Address

Gujing Town, Anhui Province, Bozhou, CHN, 236820

Website

http://www.gujing.com

Anhui Gujing is one of the eight most famous baijiu brands in China and the largest baijiu distiller in Anhui province by sales in 2022. The company produces rich-flavored baijiu, with a colorful brand story tracing back 1,800 years to the Three Kingdoms period. Gujing is one of the leading players in the midrange to high-end market and enjoys high retail prices and profit margins, with its flagship Gujing Year Puree series contributing 70%-75% of total sales. The State-Owned Assets Supervision and Administration Commission of Bozhou controls 28% of Gujing.

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