Wuliangye Yibin Co (SZSE:000858) Cash-to-Debt : 911.61 (As of Sep. 2023)

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What is Wuliangye Yibin 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. Wuliangye Yibin Co's cash to debt ratio for the quarter that ended in Sep. 2023 was 911.61.

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, Wuliangye Yibin 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 Wuliangye Yibin Co's Cash-to-Debt or its related term are showing as below:

SZSE:000858' s Cash-to-Debt Range Over the Past 10 Years
Min: 84.41 Med: No Debt Max: No Debt
Current: 911.61

During the past 13 years, Wuliangye Yibin Co's highest Cash to Debt Ratio was No Debt. The lowest was 84.41. And the median was No Debt.

SZSE:000858's Cash-to-Debt is ranked better than
95.65% of 207 companies
in the Beverages - Alcoholic industry
Industry Median: 0.54 vs SZSE:000858: 911.61

Wuliangye Yibin Co Cash-to-Debt Historical Data

The historical data trend for Wuliangye Yibin 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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Wuliangye Yibin Co Cash-to-Debt Chart

Wuliangye Yibin Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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No Debt

464.93

115.10

235.21

Wuliangye Yibin 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															160.89	235.21	325.34	435.19	911.61

Competitive Comparison of Wuliangye Yibin Co's Cash-to-Debt

For the Beverages - Wineries & Distilleries subindustry, Wuliangye Yibin 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.

Wuliangye Yibin Co's Cash-to-Debt Distribution in the Beverages - Alcoholic Industry

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

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

Wuliangye Yibin 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.

Wuliangye Yibin 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)
	=	92358.427	/	(375.683	+	16.976)
	=	235.21

Wuliangye Yibin 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)
	=	98147.709	/	(101.832	+	5.832)
	=	911.61

Wuliangye Yibin Co (SZSE:000858) 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.

Wuliangye Yibin Co Cash-to-Debt Related Terms

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Wuliangye Yibin Co (SZSE:000858) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Wuliangye Yibin Co Ltd (SZSE:000858) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

No.150, Minjiang West Road, Cuiping District, Sichuan Province, Yibin, CHN, 644007

Website

http://www.wuliangye.com.cn

Wuliangye Yibin is China's second-largest baijiu producer by revenue, with sales of CNY 74 billion in 2022 compared with CNY 124 billion for Moutai. Founded in the 1950s, Wuliangye is located in Yibin, Sichuan province, in southwest China. Its core product, 52-degree Wuliangye, is widely known as the best rice-flavored baijiu in the market. The high-quality products, extensive history and brand strength have led to strong pricing power, allowing the company to enjoy high retail prices and profit margins.

Wuliangye Yibin Co (SZSE:000858) Headlines

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