Dingdang Health Technology Group (HKSE:09886) Cash-to-Debt : 9.48 (As of Dec. 2023)

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What is Dingdang Health Technology Group 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. Dingdang Health Technology Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 9.48.

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, Dingdang Health Technology Group 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 Dingdang Health Technology Group's Cash-to-Debt or its related term are showing as below:

HKSE:09886' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.58 Med: 6.19 Max: 9.89
Current: 9.48

During the past 6 years, Dingdang Health Technology Group's highest Cash to Debt Ratio was 9.89. The lowest was 1.58. And the median was 6.19.

HKSE:09886's Cash-to-Debt is ranked better than
81.49% of 659 companies
in the Healthcare Providers & Services industry
Industry Median: 0.66 vs HKSE:09886: 9.48

Dingdang Health Technology Group Cash-to-Debt Historical Data

The historical data trend for Dingdang Health Technology Group'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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Dingdang Health Technology Group Cash-to-Debt Chart

Dingdang Health Technology Group Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.58

4.12

9.89

8.26

9.48

Dingdang Health Technology Group Semi-Annual Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial				9.89	10.18	8.26	11.00	9.48

Competitive Comparison of Dingdang Health Technology Group's Cash-to-Debt

For the Health Information Services subindustry, Dingdang Health Technology Group'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.

Dingdang Health Technology Group's Cash-to-Debt Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Dingdang Health Technology Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Dingdang Health Technology Group's Cash-to-Debt falls into.

Dingdang Health Technology Group 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.

Dingdang Health Technology Group'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)
	=	1453.987	/	(61.343	+	92.015)
	=	9.48

Dingdang Health Technology Group'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)
	=	1453.987	/	(61.343	+	92.015)
	=	9.48

Dingdang Health Technology Group (HKSE:09886) 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.

Dingdang Health Technology Group Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Dingdang Health Technology Group's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Dingdang Health Technology Group (HKSE:09886) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Dingdang Health Technology Group Ltd (HKSE:09886) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Dengshikou Street, Building 1, Yard 50, Dongcheng District, Beijing, CHN

Website

https://www.ddjkjt.com

Dingdang Health Technology Group Ltd is an investment holding company and its subsidiaries are principally engaged in the provision of pharmaceutical and healthcare business in the PRC. It is transforming and reshaping China's healthcare industry by pioneering on-demand pharmaceutical retail and medical consultation, with online-to-offline solutions.

Executives

Yang Yibin	2201 Interest of corporation controlled by you
Tpg Operating Group Iii, L.p.	2201 Interest of corporation controlled by you
Tpg Inc.	2201 Interest of corporation controlled by you
Zhao Yin Guo Ji Jin Rong Kong Gu Shen Zhen You Xian Gong Si	2201 Interest of corporation controlled by you
Zhao Yin Guo Ji Zi Ben Guan Li Shen Zhen You Xian Gong Si	2201 Interest of corporation controlled by you
Zhao Yin Guo Ji Jin Rong Kong Gu You Xian Gong Si	2201 Interest of corporation controlled by you
Zhao Yin Guo Ji Jin Rong You Xian Gong Si	2201 Interest of corporation controlled by you
Zhao Yin Jin Rong Kong Gu Shen Zhen You Xian Gong Si	2201 Interest of corporation controlled by you
Xing Xin You Xian Gong Si
Jian Xing You Xian Gong Si
Zhi Ying Ji Tuan You Xian Gong Si
Jian Fa You Xian Gong Si
Jin Fa You Xian Gong Si
Zhi Sheng Qi Ye You Xian Gong Si
Chuang Ji Tou Zi You Xian Gong Si

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