Hi-Think Yondervision (Beijing) Tech Co (BJSE:837592) Cash-to-Debt : 4.58 (As of Mar. 2024)

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What is Hi-Think Yondervision (Beijing) Tech 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. Hi-Think Yondervision (Beijing) Tech Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 4.58.

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, Hi-Think Yondervision (Beijing) Tech 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 Hi-Think Yondervision (Beijing) Tech Co's Cash-to-Debt or its related term are showing as below:

BJSE:837592' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.72 Med: 16.44 Max: No Debt
Current: 4.58

During the past 11 years, Hi-Think Yondervision (Beijing) Tech Co's highest Cash to Debt Ratio was No Debt. The lowest was 1.72. And the median was 16.44.

BJSE:837592's Cash-to-Debt is ranked better than
58.18% of 2798 companies
in the Software industry
Industry Median: 2.55 vs BJSE:837592: 4.58

Hi-Think Yondervision (Beijing) Tech Co Cash-to-Debt Historical Data

The historical data trend for Hi-Think Yondervision (Beijing) Tech 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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Hi-Think Yondervision (Beijing) Tech Co Cash-to-Debt Chart

Hi-Think Yondervision (Beijing) Tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

15.55

22.02

17.32

9.46

Hi-Think Yondervision (Beijing) Tech Co Quarterly Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															14.40	47.52	8.03	9.46	4.58

Competitive Comparison of Hi-Think Yondervision (Beijing) Tech Co's Cash-to-Debt

For the Information Technology Services subindustry, Hi-Think Yondervision (Beijing) Tech 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.

Hi-Think Yondervision (Beijing) Tech Co's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, Hi-Think Yondervision (Beijing) Tech Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Hi-Think Yondervision (Beijing) Tech Co's Cash-to-Debt falls into.

Hi-Think Yondervision (Beijing) Tech 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.

Hi-Think Yondervision (Beijing) Tech 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)
	=	170.355	/	(6.133	+	11.877)
	=	9.46

Hi-Think Yondervision (Beijing) Tech 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)
	=	124.815	/	(15.388	+	11.839)
	=	4.58

Hi-Think Yondervision (Beijing) Tech Co (BJSE:837592) 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.

Hi-Think Yondervision (Beijing) Tech Co Cash-to-Debt Related Terms

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Hi-Think Yondervision (Beijing) Tech Co (BJSE:837592) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Hi-Think Yondervision (Beijing) Tech Co Ltd (BJSE:837592) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 18, North Taipingzhuang Road, Floor 12, Building A, Chengjian Building, Haidian, Beijing, CHN, 100088

Website

https://www.yondervision.com.cn

Hi-Think Yondervision (Beijing) Tech Co Ltd is a provider of digital solutions for housing provident funds and banking And service operators, providing housing provident fund management agencies and banks across the country with information system-related software customization development, maintenance services, third-party product sales and integration, outsourcing services and other services across multiple scenarios. At present, the company's business mainly includes five sectors: digital provident fund, digital port, digital financial services, service outsourcing, and data intelligence services. It has always focused on the field of housing finance, providing high-quality software products and digital services for housing provident fund management institutions across the country.

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