iDreamSky Technology Holdings (HKSE:01119) Cash-to-Debt : 0.22 (As of Dec. 2023)

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What is iDreamSky Technology 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. iDreamSky Technology Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.22.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, iDreamSky Technology Holdings couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

HKSE:01119' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.13 Med: 0.49 Max: 1.61
Current: 0.22

During the past 9 years, iDreamSky Technology Holdings's highest Cash to Debt Ratio was 1.61. The lowest was 0.13. And the median was 0.49.

HKSE:01119's Cash-to-Debt is ranked worse than
87.86% of 585 companies
in the Interactive Media industry
Industry Median: 4.63 vs HKSE:01119: 0.22

iDreamSky Technology Holdings Cash-to-Debt Historical Data

The historical data trend for iDreamSky Technology 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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iDreamSky Technology Holdings Cash-to-Debt Chart

iDreamSky Technology Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.49

0.39

0.43

0.13

0.22

iDreamSky Technology Holdings Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial											0.43	0.16	0.13	0.18	0.22

Competitive Comparison of iDreamSky Technology Holdings's Cash-to-Debt

For the Electronic Gaming & Multimedia subindustry, iDreamSky Technology 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.

iDreamSky Technology Holdings's Cash-to-Debt Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, iDreamSky Technology Holdings's Cash-to-Debt distribution charts can be found below:

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

iDreamSky Technology 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.

iDreamSky Technology Holdings'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)
	=	288.292	/	(936.457	+	405.094)
	=	0.21

iDreamSky Technology Holdings's Cash to Debt Ratio for the quarter 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)
	=	288.292	/	(936.457	+	405.094)
	=	0.21

iDreamSky Technology Holdings (HKSE:01119) 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.

iDreamSky Technology Holdings Cash-to-Debt Related Terms

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iDreamSky Technology Holdings (HKSE:01119) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » iDreamSky Technology Holdings Ltd (HKSE:01119) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

08IA:Germany

Address

15 Keyuan Road, 16th Floor, A3 Building, Kexing Science Park, Nanshan District, Shenzhen, CHN, 518057

Website

https://www.idreamsky.com

iDreamSky Technology Holdings Ltd operates a digital entertainment platform in the game publishing market in China. Its gaming portfolio includes role-playing games, endless running games, matching puzzle games and casual competition games among others. The company has two reportable segment: Game and information services segment and IP derivatives business segment.

Executives

Chen Xiangyu	2201 Interest of corporation controlled by you
Brilliant Seed Limited
Tencent Holdings Limited	2201 Interest of corporation controlled by you
Bank Of America Corporation	2201 Interest of corporation controlled by you
Dream Investment Holdings Limited
Dream Technology Holdings Limited
Idreamsky Technology Limited
Jpmorgan Chase & Co.	2201 Interest of corporation controlled by you
Chen Xiangyu
Yong Rong (hk) Asset Management Limited	2102 Investment manager
Tencent Mobility Limited

iDreamSky Technology Holdings (HKSE:01119) Headlines

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