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ArcherMind Technology (Nanjing) Co (SZSE:300598) Cash-to-Debt : 2.33 (As of Mar. 2024)


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What is ArcherMind Technology (Nanjing) 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. ArcherMind Technology (Nanjing) Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 2.33.

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, ArcherMind Technology (Nanjing) 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 ArcherMind Technology (Nanjing) Co's Cash-to-Debt or its related term are showing as below:

SZSE:300598' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.53   Med: 1.41   Max: 5.74
Current: 2.33

During the past 13 years, ArcherMind Technology (Nanjing) Co's highest Cash to Debt Ratio was 5.74. The lowest was 0.53. And the median was 1.41.

SZSE:300598's Cash-to-Debt is ranked worse than
51.12% of 2723 companies
in the Software industry
Industry Median: 2.49 vs SZSE:300598: 2.33

ArcherMind Technology (Nanjing) Co Cash-to-Debt Historical Data

The historical data trend for ArcherMind Technology (Nanjing) 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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ArcherMind Technology (Nanjing) Co Cash-to-Debt Chart

ArcherMind Technology (Nanjing) Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash-to-Debt
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.08 1.31 1.02 1.30 2.14

ArcherMind Technology (Nanjing) 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.41 1.32 1.21 2.14 2.33

Competitive Comparison of ArcherMind Technology (Nanjing) Co's Cash-to-Debt

For the Information Technology Services subindustry, ArcherMind Technology (Nanjing) 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.


ArcherMind Technology (Nanjing) Co's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, ArcherMind Technology (Nanjing) Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where ArcherMind Technology (Nanjing) Co's Cash-to-Debt falls into.



ArcherMind Technology (Nanjing) 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.

ArcherMind Technology (Nanjing) Co's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

ArcherMind Technology (Nanjing) Co's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

* 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.


ArcherMind Technology (Nanjing) Co  (SZSE:300598) 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.


ArcherMind Technology (Nanjing) Co Cash-to-Debt Related Terms

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


ArcherMind Technology (Nanjing) Co (SZSE:300598) Business Description

Traded in Other Exchanges
N/A
Address
No. 19 Ningshuang Road, Yuhuatai District, Building B, Nanjing, Jiangsu, Nanjing, CHN, 210012
ArcherMind Technology (Nanjing) Co Ltd is a China-based company engaged in offering software research, development, and consulting service in the fields of mobile devices and internet software. It provides solutions in the fields of Intelligent terminals, Smart automotive, Internet of Things (IoT) and Mobile internet. In Intelligent terminals, the company provides solutions for smartphone, tablet and virtual reality. Smart automotive comprise solutions such as digital cluster, automotive infotainment, intelligent cloud mirror, and smart cockpit. IoT solutions offer solutions for healthcare, home, kitchen and bath, whereas Mobile internet involves finance solutions. The company has a business presence around the world.
Executives
Wang Kun Directors, executives
Wang Jin Feng Directors, executives
Huang Hai Yan Directors, executives
Liu He Yi Director
Liu Yong Independent director

ArcherMind Technology (Nanjing) Co (SZSE:300598) Headlines

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