Colorlight Cloud Tech (SZSE:301391) Cash-to-Debt : 6.71 (As of Mar. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Colorlight Cloud Tech 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. Colorlight Cloud Tech's cash to debt ratio for the quarter that ended in Mar. 2024 was 6.71.

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, Colorlight Cloud Tech 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 Colorlight Cloud Tech's Cash-to-Debt or its related term are showing as below:

SZSE:301391' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.44 Med: 6.07 Max: No Debt
Current: 6.71

During the past 6 years, Colorlight Cloud Tech's highest Cash to Debt Ratio was No Debt. The lowest was 2.44. And the median was 6.07.

SZSE:301391's Cash-to-Debt is ranked better than
74.06% of 2475 companies
in the Hardware industry
Industry Median: 1.34 vs SZSE:301391: 6.71

Colorlight Cloud Tech Cash-to-Debt Historical Data

The historical data trend for Colorlight Cloud Tech'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.

* Premium members only.

Colorlight Cloud Tech Cash-to-Debt Chart

Colorlight Cloud Tech Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

2.44

4.30

5.43

17.23

11.27

Colorlight Cloud Tech Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial										15.00	12.46	10.73	11.27	6.71

Competitive Comparison of Colorlight Cloud Tech's Cash-to-Debt

For the Communication Equipment subindustry, Colorlight Cloud Tech'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.

Colorlight Cloud Tech's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Colorlight Cloud Tech's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Colorlight Cloud Tech's Cash-to-Debt falls into.

Colorlight Cloud Tech 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.

Colorlight Cloud Tech'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)
	=	1183.769	/	(84.281	+	20.781)
	=	11.27

Colorlight Cloud Tech'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)
	=	1282.608	/	(174.206	+	16.865)
	=	6.71

Colorlight Cloud Tech (SZSE:301391) 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.

Colorlight Cloud Tech Cash-to-Debt Related Terms

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

Colorlight Cloud Tech (SZSE:301391) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Colorlight Cloud Tech Ltd (SZSE:301391) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Shenzhen International Innovation Valley, 37F-39F,Building 8, Zone A, Dashi Yilu, Nanshan District, Vanke Cloud, Shenzhen, CHN, 518055

Website

https://www.lednets.com

Colorlight Cloud Tech Ltd is engaged in the video processing algorithm as the core and hardware equipment as the carrier, it provides customers with professional display control products in the field of video images.

Colorlight Cloud Tech (SZSE:301391) Headlines

No Headlines