Tian Ge Interactive Holdings (HKSE:01980) Cash-to-Debt : 6.89 (As of Dec. 2023)

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What is Tian Ge Interactive 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. Tian Ge Interactive Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 6.89.

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, Tian Ge Interactive Holdings could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

HKSE:01980' s Cash-to-Debt Range Over the Past 10 Years
Min: 3.36 Med: 5159.19 Max: No Debt
Current: 6.89

During the past 11 years, Tian Ge Interactive Holdings's highest Cash to Debt Ratio was No Debt. The lowest was 3.36. And the median was 5159.19.

HKSE:01980's Cash-to-Debt is ranked better than
54.93% of 588 companies
in the Interactive Media industry
Industry Median: 4.61 vs HKSE:01980: 6.89

Tian Ge Interactive Holdings Cash-to-Debt Historical Data

The historical data trend for Tian Ge Interactive 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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Tian Ge Interactive Holdings Cash-to-Debt Chart

Tian Ge Interactive Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

318.38

12.53

5.73

3.36

6.89

Tian Ge Interactive Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															5.73	3.38	3.36	7.87	6.89

Competitive Comparison of Tian Ge Interactive Holdings's Cash-to-Debt

For the Internet Content & Information subindustry, Tian Ge Interactive 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.

Tian Ge Interactive Holdings's Cash-to-Debt Distribution in the Interactive Media Industry

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

* The bar in red indicates where Tian Ge Interactive Holdings's Cash-to-Debt falls into.

Tian Ge Interactive 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.

Tian Ge Interactive 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)
	=	1037.692	/	(149.391	+	1.234)
	=	6.89

Tian Ge Interactive 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)
	=	1037.692	/	(149.391	+	1.234)
	=	6.89

Tian Ge Interactive Holdings (HKSE:01980) 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.

Tian Ge Interactive Holdings Cash-to-Debt Related Terms

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Tian Ge Interactive Holdings (HKSE:01980) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Tian Ge Interactive Holdings Ltd (HKSE:01980) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Intime City Tower E, 12-14th Floor, Gongshu District, Hangzhou, CHN

Website

http://www.tiange.com

Tian Ge Interactive Holdings Ltd is a Chinese investment holding company that engages in the online entertainment business. The company develops and operates real-time video technology so its users can socialize and interact through video chat and text. The company is also involved with creating mobile game platforms, O2O Entertainments, and has a health, personal, and beauty care business. The firm's segments include Online interactive entertainment services and Others. Online interactive entertainment services comprise the vast majority of the firm's overall revenue. It mainly operates its business in China.

Tian Ge Interactive Holdings (HKSE:01980) Headlines

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