BII Railway Transportation Technology Holdings Co (FRA:CN6) Cash-to-Debt : 1.54 (As of Dec. 2023)

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What is BII Railway Transportation Technology Holdings 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. BII Railway Transportation Technology Holdings Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.54.

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, BII Railway Transportation Technology Holdings Co could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for BII Railway Transportation Technology Holdings Co's Cash-to-Debt or its related term are showing as below:

FRA:CN6' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.54 Med: 2.69 Max: No Debt
Current: 1.54

During the past 13 years, BII Railway Transportation Technology Holdings Co's highest Cash to Debt Ratio was No Debt. The lowest was 1.54. And the median was 2.69.

FRA:CN6's Cash-to-Debt is ranked worse than
57.69% of 2725 companies
in the Software industry
Industry Median: 2.49 vs FRA:CN6: 1.54

BII Railway Transportation Technology Holdings Co Cash-to-Debt Historical Data

The historical data trend for BII Railway Transportation Technology Holdings 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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BII Railway Transportation Technology Holdings Co Cash-to-Debt Chart

BII Railway Transportation Technology Holdings Co Annual Data

Trend

Jun14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.72

1.96

2.08

1.58

1.54

BII Railway Transportation Technology Holdings Co Semi-Annual Data
	Dec13	Jun14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															2.08	1.51	1.58	1.24	1.54

Competitive Comparison of BII Railway Transportation Technology Holdings Co's Cash-to-Debt

For the Information Technology Services subindustry, BII Railway Transportation Technology Holdings 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.

BII Railway Transportation Technology Holdings Co's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, BII Railway Transportation Technology Holdings Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where BII Railway Transportation Technology Holdings Co's Cash-to-Debt falls into.

BII Railway Transportation Technology Holdings 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.

BII Railway Transportation Technology Holdings 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)
	=	66.731	/	(40.567	+	2.916)
	=	1.53

BII Railway Transportation Technology Holdings Co's Cash to Debt Ratio for the quarter 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)
	=	66.731	/	(40.567	+	2.916)
	=	1.53

BII Railway Transportation Technology Holdings Co (FRA:CN6) 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.

BII Railway Transportation Technology Holdings Co Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of BII Railway Transportation Technology Holdings Co's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

BII Railway Transportation Technology Holdings Co (FRA:CN6) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » BII Railway Transportation Technology Holdings Co Ltd (FRA:CN6) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

01522:Hong Kong

Address

No.4 Huixin East Street, Floor 15th, Tower 2, Fusheng Building, Chaoyang District, Beijing, CHN

Website

https://www.biitt.cn

BII Railway Transportation Technology Holdings Co Ltd is engaged in designing, implementing, selling, and maintenance, of application solutions for the networking and controlling systems of public transport. Its segments include Intelligent railway transportation, Infrastructure information, and Business development investment. The key part of the revenue is from the Intelligent railway transportation segment that provides design, production, implementation and sale, and maintenance of application solution services, which include related software, hardware, and spare parts in railway transportation areas. The group's revenue is from customers in the People's Republic of China.

BII Railway Transportation Technology Holdings Co (FRA:CN6) Headlines

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