Readboy Education Holding Co (HKSE:02385) Cash-to-Debt : 6.14 (As of Dec. 2023)

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What is Readboy Education Holding Co 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. Readboy Education Holding Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 6.14.

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, Readboy Education Holding Co 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 Readboy Education Holding Co's Cash-to-Debt or its related term are showing as below:

HKSE:02385' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.86 Med: 11.23 Max: 652.95
Current: 6.14

During the past 5 years, Readboy Education Holding Co's highest Cash to Debt Ratio was 652.95. The lowest was 2.86. And the median was 11.23.

HKSE:02385's Cash-to-Debt is ranked better than
71.1% of 263 companies
in the Education industry
Industry Median: 1.21 vs HKSE:02385: 6.14

Readboy Education Holding Co Cash-to-Debt Historical Data

The historical data trend for Readboy Education Holding Co'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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Readboy Education Holding Co Cash-to-Debt Chart

Readboy Education Holding Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

11.23

190.66

2.86

652.95

6.14

Readboy Education Holding Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			2.86	1.85	652.95	6.18	6.14

Competitive Comparison of Readboy Education Holding Co's Cash-to-Debt

For the Education & Training Services subindustry, Readboy Education Holding Co'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.

Readboy Education Holding Co's Cash-to-Debt Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Readboy Education Holding Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Readboy Education Holding Co's Cash-to-Debt falls into.

Readboy Education Holding Co 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.

Readboy Education Holding Co'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)
	=	401.014	/	(62.904	+	2.403)
	=	6.14

Readboy Education Holding Co'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)
	=	401.014	/	(62.904	+	2.403)
	=	6.14

Readboy Education Holding Co (HKSE:02385) 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.

Readboy Education Holding Co Cash-to-Debt Related Terms

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Readboy Education Holding Co (HKSE:02385) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Readboy Education Holding Co Ltd (HKSE:02385) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 38, Changyi Road, Wuguishan, Guangdong Province, Zhongshan, CHN

Website

https://www.readboy.com

Readboy Education Holding Co Ltd is an investment holding company engaged in the production and sale of personal student tablets, smart classroom solutions, wearable products, other products, and advertisement and content licensing in the People's Republic of China. The company has five operating segments; Production and sale of personal student tablets, Production and sale of smart classroom solutions, Production and sale of wearable products, Production and sale of other products, and Advertisement and content licensing. It derives a majority of its revenue from the production and sale of personal student tablets in the People's Republic of China.

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