China Distance Education Holdings (China Distance Education Holdings) Cash-to-Debt : 2.41 (As of Sep. 2020)

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What is China Distance Education Holdings 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. China Distance Education Holdings's cash to debt ratio for the quarter that ended in Sep. 2020 was 2.41.

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, China Distance Education Holdings could pay off its debt using the cash in hand for the quarter that ended in Sep. 2020.

The historical rank and industry rank for China Distance Education Holdings's Cash-to-Debt or its related term are showing as below:

DL's Cash-to-Debt is not ranked ^*
in the Education industry.
Industry Median: 1.19
* Ranked among companies with meaningful Cash-to-Debt only.

China Distance Education Holdings Cash-to-Debt Historical Data

The historical data trend for China Distance Education Holdings'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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China Distance Education Holdings Cash-to-Debt Chart

China Distance Education Holdings Annual Data

Trend

Sep11

Sep12

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Cash-to-Debt

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3.53

1.32

0.76

2.34

2.41

China Distance Education Holdings Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Cash-to-Debt	Get a 7-Day Free Trial															2.34	2.03	2.99	2.18	2.41

Competitive Comparison of China Distance Education Holdings's Cash-to-Debt

For the Education & Training Services subindustry, China Distance Education Holdings'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.

China Distance Education Holdings's Cash-to-Debt Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, China Distance Education Holdings's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where China Distance Education Holdings's Cash-to-Debt falls into.

China Distance Education Holdings 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.

China Distance Education Holdings's Cash to Debt Ratio for the fiscal year that ended in Sep. 2020 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)
	=	113.839	/	(8.172	+	39.089)
	=	2.41

China Distance Education Holdings's Cash to Debt Ratio for the quarter that ended in Sep. 2020 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)
	=	113.839	/	(8.172	+	39.089)
	=	2.41

China Distance Education Holdings (NYSE:DL) 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.

China Distance Education Holdings Cash-to-Debt Related Terms

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China Distance Education Holdings (China Distance Education Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » China Distance Education Holdings Ltd (NYSE:DL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Zhichun Road, 18th Floor, Xueyuan International Tower, Haidian District, Beijing, CHN, 100083

Website

http://www.cdeledu.com

China Distance Education Holdings Ltd provides online education in China. It focuses on professional education in accounting, healthcare, and engineering and construction industries and also other professional education courses such as online test preparation courses for judicial examination, for university students and online language courses as well as courses through its online open learning platform. The company operating segment includes Professional education services; Business start-up training services and Sales of learning simulation software. It derives the majority of its revenues from the Professional education services segment in the PRC.