Cathay Media And Education Group (HKSE:01981) Cash-to-Debt : 60.69 (As of Dec. 2023)

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What is Cathay Media And Education Group 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. Cathay Media And Education Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 60.69.

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, Cathay Media And Education Group 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 Cathay Media And Education Group's Cash-to-Debt or its related term are showing as below:

HKSE:01981' s Cash-to-Debt Range Over the Past 10 Years
Min: 28.1 Med: 45.71 Max: No Debt
Current: 60.69

During the past 7 years, Cathay Media And Education Group's highest Cash to Debt Ratio was No Debt. The lowest was 28.10. And the median was 45.71.

HKSE:01981's Cash-to-Debt is ranked better than
85.23% of 264 companies
in the Education industry
Industry Median: 1.29 vs HKSE:01981: 60.69

Cathay Media And Education Group Cash-to-Debt Historical Data

The historical data trend for Cathay Media And Education Group'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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Cathay Media And Education Group Cash-to-Debt Chart

Cathay Media And Education Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

28.10

No Debt

45.71

60.69

Cathay Media And Education Group Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial							No Debt	No Debt	45.71	31.68	60.69

Competitive Comparison of Cathay Media And Education Group's Cash-to-Debt

For the Education & Training Services subindustry, Cathay Media And Education Group'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.

Cathay Media And Education Group's Cash-to-Debt Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Cathay Media And Education Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Cathay Media And Education Group's Cash-to-Debt falls into.

Cathay Media And Education Group 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.

Cathay Media And Education Group'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)
	=	1245.733	/	(4.585	+	15.943)
	=	60.68

Cathay Media And Education Group'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)
	=	1245.733	/	(4.585	+	15.943)
	=	60.68

Cathay Media And Education Group (HKSE:01981) 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.

Cathay Media And Education Group Cash-to-Debt Related Terms

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Cathay Media And Education Group (HKSE:01981) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Cathay Media And Education Group Inc (HKSE:01981) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 93 Jianguo Road, 22nd Floor, Block 12, Wanda Plaza, Chaoyang District, Beijing, CHN

Website

http://www.cathaymedia.com

Cathay Media And Education Group Inc is a media group, engaged in TV/film production business and higher education business focused on media and arts. The company produces films, TV shows, Web films, and TV series. Its segments include TV/Film production and investment, and Education and training. The majority of the revenue is derived from the higher education segment.

Executives

Pu Shulin	2307 Founder of a discretionary trust who can infl
Luo Jacqueline	2202 Interest of your spouse
Cathay Media Holding Inc.	2101 Beneficial owner
Media One International (ptc) Limited	2301 Trustee
Winning Global Ventures Limited	2201 Interest of corporation controlled by you
Areo Holdings Limited	2201 Interest of corporation controlled by you
Highland Pines Limited	2101 Beneficial owner
Lam Lai Ming	2201 Interest of corporation controlled by you
Li Gabriel	2201 Interest of corporation controlled by you

Cathay Media And Education Group (HKSE:01981) Headlines

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