Ruihe Data Technology Holdings (HKSE:03680) Cash-to-Debt : 0.60 (As of Dec. 2023)

View and export this data going back to 2019. Start your Free Trial

What is Ruihe Data 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. Ruihe Data Technology Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.60.

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, Ruihe Data 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 Ruihe Data Technology Holdings's Cash-to-Debt or its related term are showing as below:

HKSE:03680' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.17 Med: 0.63 Max: 2.61
Current: 0.6

During the past 8 years, Ruihe Data Technology Holdings's highest Cash to Debt Ratio was 2.61. The lowest was 0.17. And the median was 0.63.

HKSE:03680's Cash-to-Debt is ranked worse than
72.26% of 2725 companies
in the Software industry
Industry Median: 2.49 vs HKSE:03680: 0.60

Ruihe Data Technology Holdings Cash-to-Debt Historical Data

The historical data trend for Ruihe Data 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.

* Premium members only.

Ruihe Data Technology Holdings Cash-to-Debt Chart

Ruihe Data Technology Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

2.47

0.56

0.26

0.17

0.60

Ruihe Data Technology Holdings Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial								0.26	0.27	0.17	0.68	0.60

Competitive Comparison of Ruihe Data Technology Holdings's Cash-to-Debt

For the Information Technology Services subindustry, Ruihe Data 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.

Ruihe Data Technology Holdings's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, Ruihe Data Technology Holdings's Cash-to-Debt distribution charts can be found below:

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

Ruihe Data 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.

Ruihe Data 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)
	=	123.878	/	(187.473	+	17.663)
	=	0.60

Ruihe Data 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)
	=	123.878	/	(187.473	+	17.663)
	=	0.60

Ruihe Data Technology Holdings (HKSE:03680) 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.

Ruihe Data Technology Holdings Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Ruihe Data Technology Holdings's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Ruihe Data Technology Holdings (HKSE:03680) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ruihe Data Technology Holdings Ltd (HKSE:03680) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Cangqian Street, Room 4101, 41st Floor, Building 2, Euro-American Financial City, Yuhang District, Zhejiang Province, Hangzhou, CHN

Website

https://www.datamargin.com

Ruihe Data Technology Holdings Ltd formerly Suoxinda Holdings Ltd is engaged in the provision of data solutions, sales of hardware and software, and related services as an integrated service, as well as information technology maintenance and support services. It derives maximum revenue from Data solutions.

Executives

Xue Shouguang	2201 Interest of corporation controlled by you
Mindas Touch Global Limited	2101 Beneficial owner
Shen Zhen Shi Gao Sheng Da Lv You Qi Che Fu Wu You Xian Gong Si	2101 Beneficial owner
Wang Donglin	2201 Interest of corporation controlled by you
Treasure Tree Asia Holdings Co. Ltd	2101 Beneficial owner
Chen Weiping	2202 Interest of your spouse
Wu Xinlan	2202 Interest of your spouse
Chen Zhenping	2101 Beneficial owner
Wang Donglin	2101 Beneficial owner
Ideal Treasure Holdings Limited	2101 Beneficial owner
Wu Xiaohua	2201 Interest of corporation controlled by you
Chi Xianfang	2202 Interest of your spouse
Huatai Securities Co., Ltd.	2201 Interest of corporation controlled by you
Song Hongtao	2101 Beneficial owner
Benefit Ocean Holdings Limited	2101 Beneficial owner

Ruihe Data Technology Holdings (HKSE:03680) Headlines

No Headlines