Kingnet Network Co (SZSE:002517) Cash-to-Debt : 208.67 (As of Mar. 2024)

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What is Kingnet Network 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. Kingnet Network Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 208.67.

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

SZSE:002517' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.3 Med: 60.87 Max: No Debt
Current: 208.67

During the past 13 years, Kingnet Network Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.30. And the median was 60.87.

SZSE:002517's Cash-to-Debt is ranked better than
80.72% of 586 companies
in the Interactive Media industry
Industry Median: 4.69 vs SZSE:002517: 208.67

Kingnet Network Co Cash-to-Debt Historical Data

The historical data trend for Kingnet Network 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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Kingnet Network Co Cash-to-Debt Chart

Kingnet Network Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

551.68

55.51

66.23

183.01

Kingnet Network Co Quarterly Data
	Jun19	Sep19	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															82.33	103.92	130.51	183.01	208.67

Competitive Comparison of Kingnet Network Co's Cash-to-Debt

For the Electronic Gaming & Multimedia subindustry, Kingnet Network 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.

Kingnet Network Co's Cash-to-Debt Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Kingnet Network Co's Cash-to-Debt distribution charts can be found below:

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

Kingnet Network 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.

Kingnet Network 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)
	=	2806.867	/	(12.088	+	3.249)
	=	183.01

Kingnet Network Co's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
	=	2644.889	/	(9.625	+	3.05)
	=	208.67

Kingnet Network Co (SZSE:002517) 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.

Kingnet Network Co Cash-to-Debt Related Terms

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

Kingnet Network Co (SZSE:002517) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Kingnet Network Co Ltd (SZSE:002517) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2388, Chenhang Highway, Building 3, Pujiang High-tech Plaza, Minhang District, Shanghai, CHN, 201114

Website

https://www.kingnet.com

Kingnet Network Co Ltd is a Chinese-based online game company. The company's main business covers research and development as well as the operation and publishing of quality entertainment content, including mobile games, web games, and PC games. It also engages in the operation of web game platforms and mobile app distribution platforms.

Kingnet Network Co (SZSE:002517) Headlines

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