YH Entertainment Group (HKSE:02306) Cash-to-Debt : 3.99 (As of Dec. 2023)

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What is YH Entertainment 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. YH Entertainment Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 3.99.

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, YH Entertainment 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 YH Entertainment Group's Cash-to-Debt or its related term are showing as below:

HKSE:02306' s Cash-to-Debt Range Over the Past 10 Years
Min: 3.99 Med: 10.46 Max: 13.35
Current: 3.99

During the past 5 years, YH Entertainment Group's highest Cash to Debt Ratio was 13.35. The lowest was 3.99. And the median was 10.46.

HKSE:02306's Cash-to-Debt is ranked better than
65.73% of 1036 companies
in the Media - Diversified industry
Industry Median: 1.285 vs HKSE:02306: 3.99

YH Entertainment Group Cash-to-Debt Historical Data

The historical data trend for YH Entertainment 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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YH Entertainment Group Cash-to-Debt Chart

YH Entertainment Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

6.71

10.46

13.35

12.19

3.99

YH Entertainment Group Semi-Annual Data
	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial			N/A	12.19	18.25	3.99	N/A

Competitive Comparison of YH Entertainment Group's Cash-to-Debt

For the Entertainment subindustry, YH Entertainment 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.

YH Entertainment Group's Cash-to-Debt Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, YH Entertainment Group's Cash-to-Debt distribution charts can be found below:

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

YH Entertainment 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.

YH Entertainment 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)
	=	1221.289	/	(7.625	+	298.22)
	=	3.99

YH Entertainment 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)
	=	1221.289	/	(7.625	+	298.22)
	=	3.99

YH Entertainment Group (HKSE:02306) 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.

YH Entertainment Group Cash-to-Debt Related Terms

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YH Entertainment Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » YH Entertainment Group (HKSE:02306) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

YHEGF:USA

Address

No. 27 West Dawang Road, Room 150, Building 119, Chaoyang District, Beijing, CHN

Website

https://www.yuehuamusic.com

YH Entertainment Group is an artist management company in China. The company has grown into a cultural and entertainment platform comprising three complementary business segments artist management, music IP production and operation, and pan-entertainment business. The artist management business, provides services to customers, including corporate customers, media platforms, content producers, and advertising agencies, by arranging for managed artists to participate in commercial activities and perform in movies, drama series, and a variety of programs. With the music IP production and operation business, the company licenses the music IPs in the library to music streaming platforms and other music service providers for licensing fees and sells digital and physical copies of music IPs.

Executives

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Interform Construction Supplies Limited	2101 Beneficial owner
Sac Enterprises Limited	2201 Interest of corporation controlled by you
Du Hua
Sun Yiding
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Li Ruigang

YH Entertainment Group Headlines

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