JZ (Jianzhi Education Technology Group Co) Cash-to-Debt : 3.57 (As of Jun. 2024)

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What is Jianzhi Education Technology Group 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. Jianzhi Education Technology Group Co's cash to debt ratio for the quarter that ended in Jun. 2024 was 3.57.

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, Jianzhi Education Technology Group Co could pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

The historical rank and industry rank for Jianzhi Education Technology Group Co's Cash-to-Debt or its related term are showing as below:

JZ' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.76 Med: 18.58 Max: No Debt
Current: 3.57

During the past 5 years, Jianzhi Education Technology Group Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.76. And the median was 18.58.

JZ's Cash-to-Debt is ranked better than
55.18% of 2789 companies
in the Software industry
Industry Median: 2.5 vs JZ: 3.57

Jianzhi Education Technology Group Co Cash-to-Debt Historical Data

The historical data trend for Jianzhi Education Technology Group 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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Jianzhi Education Technology Group Co Cash-to-Debt Chart

Jianzhi Education Technology Group Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

18.50

39.58

1.54

No Debt

0.76

Jianzhi Education Technology Group Co Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial					34.17	No Debt	18.58	0.76	3.57

Competitive Comparison of Jianzhi Education Technology Group Co's Cash-to-Debt

For the Information Technology Services subindustry, Jianzhi Education Technology Group 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.

Jianzhi Education Technology Group Co's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, Jianzhi Education Technology Group Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Jianzhi Education Technology Group Co's Cash-to-Debt falls into.

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Jianzhi Education Technology Group 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.

Jianzhi Education Technology Group 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)
	=	3.137	/	(3.55	+	0.565)
	=	0.76

Jianzhi Education Technology Group Co's Cash to Debt Ratio for the quarter that ended in Jun. 2024 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)
	=	2.862	/	(0.417	+	0.385)
	=	3.57

Jianzhi Education Technology Group Co (NAS:JZ) 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.

Jianzhi Education Technology Group Co Cash-to-Debt Related Terms

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Jianzhi Education Technology Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Jianzhi Education Technology Group Co Ltd (NAS:JZ) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Zhichun Road, 27th Floor, Tower A, Yingdu Building, Haidian District, Beijing, CHN, 100086

Website

http://www.jianzhi-jiaoyu.com

Jianzhi Education Technology Group Co Ltd engages in developing educational content to fulfill the massive demand for high-quality, professional development training resources in China. The company and its subsidiaries VIE and VIEs generate subscription revenue through selling subscriptions to online learning platforms, higher education institutions, and other institutional customers under a B2B2C model mainly through the platform of Sentu Academy; offering subscriptions concerning educational content in mobile video packages directly to end users under a B2C model through the platforms such as Fish Learning or Light Class, etc. It has two operating segments: Educational content services and other services and IT-related solution services.