Lajin Entertainment Network Group (HKSE:08172) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jun. 2024)

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What is Lajin Entertainment Network 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. Lajin Entertainment Network Group's cash to debt ratio for the quarter that ended in Jun. 2024 was No Debt ⁽¹⁾.

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, Lajin Entertainment Network Group could pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

(1) 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.

The historical rank and industry rank for Lajin Entertainment Network Group's Cash-to-Debt or its related term are showing as below:

HKSE:08172' s Cash-to-Debt Range Over the Past 10 Years
Min: 22.94 Med: No Debt Max: No Debt
Current: No Debt

During the past 13 years, Lajin Entertainment Network Group's highest Cash to Debt Ratio was No Debt. The lowest was 22.94. And the median was No Debt.

HKSE:08172's Cash-to-Debt is ranked better than
99.62% of 1042 companies
in the Media - Diversified industry
Industry Median: 1.225 vs HKSE:08172: No Debt

Lajin Entertainment Network Group Cash-to-Debt Historical Data

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

Lajin Entertainment Network Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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22.94

37.65

61.73

No Debt

Lajin Entertainment Network Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial															N/A	No Debt	N/A	No Debt	No Debt

Competitive Comparison of Lajin Entertainment Network Group's Cash-to-Debt

For the Entertainment subindustry, Lajin Entertainment Network 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.

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

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

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

Lajin Entertainment Network 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.

Lajin Entertainment Network Group's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Lajin Entertainment Network Group had no debt ⁽¹⁾.

Lajin Entertainment Network Group's Cash to Debt Ratio for the quarter that ended in Jun. 2024 is calculated as:

Lajin Entertainment Network Group had no debt ⁽¹⁾.

Lajin Entertainment Network Group (HKSE:08172) 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.

Lajin Entertainment Network Group Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Lajin Entertainment Network Group's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Lajin Entertainment Network Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Lajin Entertainment Network Group Ltd (HKSE:08172) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

16 Harcourt Road, Admiralty, Unit 3903A, Far East Finance Centre, Hong Kong, HKG

Website

https://www.irasia.com

Lajin Entertainment Network Group Ltd is an investment holding company. The company's operating segment includes Artiste management; Movies, TV programmes, and internet content, and New media e-commerce. The majority of the company's revenue is generated from the movies, TV programmes, and internet content segment which comprises investment, production, and distribution of movies, TV programmes, and investment in internet content. Geographically, it derives a majority of its revenue from Mainland China.

Lajin Entertainment Network Group Headlines

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Lajin Entertainment Network Group (HKSE:08172) Cash-to-Debt : No Debt (1) (As of Jun. 2024)