GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » BingEx Ltd (NAS:FLX) » Definitions » Cash-to-Debt

FLX (BingEx) Cash-to-Debt : 11.28 (As of Sep. 2024)


View and export this data going back to 2024. Start your Free Trial

What is BingEx 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. BingEx's cash to debt ratio for the quarter that ended in Sep. 2024 was 11.28.

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, BingEx could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

FLX' s Cash-to-Debt Range Over the Past 10 Years
Min: 11.28   Med: 20.26   Max: No Debt
Current: 11.28

During the past 5 years, BingEx's highest Cash to Debt Ratio was No Debt. The lowest was 11.28. And the median was 20.26.

FLX's Cash-to-Debt is ranked better than
90.37% of 966 companies
in the Transportation industry
Industry Median: 0.465 vs FLX: 11.28

BingEx Cash-to-Debt Historical Data

The historical data trend for BingEx'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.

BingEx Cash-to-Debt Chart

BingEx Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Cash-to-Debt
No Debt No Debt No Debt 20.26 14.73

BingEx Quarterly Data
Dec19 Mar20 Dec20 Mar21 Dec21 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 14.36 14.73 13.86 16.82 11.28

Competitive Comparison of BingEx's Cash-to-Debt

For the Integrated Freight & Logistics subindustry, BingEx'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.

BingEx's Cash-to-Debt Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, BingEx's Cash-to-Debt distribution charts can be found below:

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


BingEx 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.

BingEx'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)
=119.057 / (1.729 + 6.353)
=14.73

BingEx's Cash to Debt Ratio for the quarter that ended in Sep. 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)
=73.121 / (1.909 + 4.572)
=11.28

* 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.

BingEx  (NAS:FLX) 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.

BingEx Cash-to-Debt Related Terms

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

BingEx Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » BingEx Ltd (NAS:FLX) » Definitions » Cash-to-Debt
Comparable Companies
CYRX RLGT FWRD JYD PAL BTOC CRGO SFWL STCN JANL UPS FDX OCSE:DSV XTER:DHL SZSE:002352 XSWX:KNIN JBHT ZTO EXPD CHRW
Traded in Other Exchanges
N/A
Address
No.1 Yongtaizhuang North Road, Zhongguancun Dongsheng International Science Park, Haidian District, Beijing, CHN, 100192
Website
http://www.ishansong.com
BingEx Ltd provides on-demand dedicated courier services for individual and business customers with superior time certainty, delivery safety and service quality. The company brands its services as FlashEx, which means delivery in a flash. The Group's principal operations and geographic markets are in the People's Republic of China (PRC).