Hangzhou Meideng Technology Co (BJSE:838227) Cash-to-Debt : 221.12 (As of Mar. 2024)

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What is Hangzhou Meideng 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. Hangzhou Meideng Technology Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 221.12.

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, Hangzhou Meideng Technology 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 Hangzhou Meideng Technology Co's Cash-to-Debt or its related term are showing as below:

BJSE:838227' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.3 Med: 596.71 Max: No Debt
Current: 221.12

During the past 10 years, Hangzhou Meideng Technology Co's highest Cash to Debt Ratio was No Debt. The lowest was 2.30. And the median was 596.71.

BJSE:838227's Cash-to-Debt is ranked better than
87.6% of 2798 companies
in the Software industry
Industry Median: 2.55 vs BJSE:838227: 221.12

Hangzhou Meideng Technology Co Cash-to-Debt Historical Data

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

Hangzhou Meideng Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

3.96

6.53

596.71

202.65

Hangzhou Meideng Technology 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															592.76	312.31	200.41	202.65	221.12

Competitive Comparison of Hangzhou Meideng Technology Co's Cash-to-Debt

For the Information Technology Services subindustry, Hangzhou Meideng 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.

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

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

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

Hangzhou Meideng 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.

Hangzhou Meideng 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)
	=	287.769	/	(0.467	+	0.953)
	=	202.65

Hangzhou Meideng 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)
	=	292.102	/	(0.377	+	0.944)
	=	221.12

Hangzhou Meideng Technology Co (BJSE:838227) 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.

Hangzhou Meideng Technology Co Cash-to-Debt Related Terms

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Hangzhou Meideng Technology Co (BJSE:838227) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Hangzhou Meideng Technology Co Ltd (BJSE:838227) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 188 Zijinghua North Road, 12th Floor, Building 1, Baogang Life Plaza, Xihu District, Zhejiang Province, Hangzhou City,, CHN, 310030

Website

https://www.meideng.net

Hangzhou Meideng Technology Co Ltd is an e-commerce information technology service company in the industry. Its main business is the research and development, sales and operation of e-commerce service software. The company provides marketing services for e-commerce platform merchants such as Taobao Bazaar and Tmall merchants and provides efficient and easy-to-use online marketing service software for merchants.

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