TravelSky Technology (HKSE:00696) Cash-to-Debt : 8.42 (As of Jun. 2024)

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What is TravelSky Technology 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. TravelSky Technology's cash to debt ratio for the quarter that ended in Jun. 2024 was 8.42.

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, TravelSky Technology could pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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

HKSE:00696' s Cash-to-Debt Range Over the Past 10 Years
Min: 8.42 Med: 174.63 Max: No Debt
Current: 10.54

During the past 13 years, TravelSky Technology's highest Cash to Debt Ratio was No Debt. The lowest was 8.42. And the median was 174.63.

HKSE:00696's Cash-to-Debt is ranked better than
67.63% of 2808 companies
in the Software industry
Industry Median: 2.575 vs HKSE:00696: 10.54

TravelSky Technology Cash-to-Debt Historical Data

The historical data trend for TravelSky Technology'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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TravelSky Technology Cash-to-Debt Chart

TravelSky Technology Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash-to-Debt

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192.24

157.01

29.08

9.78

10.54

TravelSky Technology Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Cash-to-Debt	Get a 7-Day Free Trial															29.08	12.83	9.78	8.42	10.54

Competitive Comparison of TravelSky Technology's Cash-to-Debt

For the Information Technology Services subindustry, TravelSky Technology'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.

TravelSky Technology's Cash-to-Debt Distribution in the Software Industry

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

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

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TravelSky Technology 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.

TravelSky Technology'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)
	=	11892.014	/	(941.758	+	274.314)
	=	9.78

TravelSky Technology's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	13254.115	/	(1550.684	+	23.38)
	=	8.42

TravelSky Technology (HKSE:00696) 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.

TravelSky Technology Cash-to-Debt Related Terms

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

TravelSky Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » TravelSky Technology Ltd (HKSE:00696) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

TSYHY:USA TSYHF:USA TVL:Germany

Address

TravelSky High-Tech Industrial Park, Houshayu Town, Shunyi District, Beijing, CHN, 101318

Website

https://www.travelskyir.com

TravelSky Technology Ltd provides information technology solutions for aviation and travel companies in China. The company develops commercial airlines, airports, air travel products, and is a services supplier to travel agencies, corporate clients, travelers, and cargo shippers--to conduct electronic transactions and manage travel-related information. The core businesses of the company include aviation information technology services, distribution of information technology services, and clearing & accounting & settlement services for the aviation industry. Aviation information technology service revenue contributes approximately half the company's total revenue.

Executives

Blackrock, Inc.	2201 Interest of corporation controlled by you
Fmr Llc	2201 Interest of corporation controlled by you
Citigroup Inc.	2502 Approved lending agent
Brown Brothers Harriman & Co.	2502 Approved lending agent
Jpmorgan Chase & Co.	2201 Interest of corporation controlled by you
Fidelity Investment Trust	2101 Beneficial owner

TravelSky Technology Headlines

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