Tansun Technology Co (SZSE:300872) Cash-to-Debt : 0.93 (As of Mar. 2024)

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What is Tansun Technology 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. Tansun Technology Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.93.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Tansun Technology Co couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

SZSE:300872' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.3 Med: 1.37 Max: 5.36
Current: 0.93

During the past 10 years, Tansun Technology Co's highest Cash to Debt Ratio was 5.36. The lowest was 0.30. And the median was 1.37.

SZSE:300872's Cash-to-Debt is ranked worse than
65.54% of 2725 companies
in the Software industry
Industry Median: 2.49 vs SZSE:300872: 0.93

Tansun Technology Co Cash-to-Debt Historical Data

The historical data trend for Tansun Technology 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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Tansun Technology Co Cash-to-Debt Chart

Tansun Technology Co Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.89

4.06

2.48

1.20

1.44

Tansun Technology 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															1.30	1.30	1.38	1.44	0.93

Competitive Comparison of Tansun Technology Co's Cash-to-Debt

For the Information Technology Services subindustry, Tansun Technology 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.

Tansun Technology Co's Cash-to-Debt Distribution in the Software Industry

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

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

Tansun Technology 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.

Tansun Technology 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)
	=	1444.436	/	(124.031	+	881.321)
	=	1.44

Tansun Technology 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)
	=	1030.93	/	(201.798	+	912.981)
	=	0.92

Tansun Technology Co (SZSE:300872) 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.

Tansun Technology Co Cash-to-Debt Related Terms

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Tansun Technology Co (SZSE:300872) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Tansun Technology Co Ltd (SZSE:300872) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 7 Linqionggang East 1st Road, Room 608, Block A, Tibet Xixin Trading Co., Ltd, Lhasa Economic and Technological Development Zone, Tibet Autonomous Region, Lhasa, CHN, 850000

Website

http://www.tansun.com.cn

Tansun Technology Co Ltd is engaged in independent research and development of core technologies and products, focusing on customer assets (credit, transaction banking and supply chain finance), risk management, core business systems. The company is focused on providing long-term IT solutions and services for financial industry customers, including central banks, political banks, state-owned banks, joint-stock banks, local commercial banks, and non-banking financial institutions. Its services include consulting and testing services.

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