LICN (Lichen International) Cash-to-Debt : 416.92 (As of Jun. 2024)

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What is Lichen International 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. Lichen International's cash to debt ratio for the quarter that ended in Jun. 2024 was 416.92.

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, Lichen International 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 Lichen International's Cash-to-Debt or its related term are showing as below:

LICN' s Cash-to-Debt Range Over the Past 10 Years
Min: 25.71 Med: 123.76 Max: No Debt
Current: 416.92

During the past 4 years, Lichen International's highest Cash to Debt Ratio was No Debt. The lowest was 25.71. And the median was 123.76.

LICN's Cash-to-Debt is ranked better than
91.48% of 1045 companies
in the Business Services industry
Industry Median: 1.06 vs LICN: 416.92

Lichen International Cash-to-Debt Historical Data

The historical data trend for Lichen International'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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Lichen International Cash-to-Debt Chart

Lichen International Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

25.71

48.83

83.09

200.43

Lichen International Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial			No Debt	83.09	123.76	200.43	416.92

Competitive Comparison of Lichen International's Cash-to-Debt

For the Specialty Business Services subindustry, Lichen International'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.

Lichen International's Cash-to-Debt Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Lichen International's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Lichen International's Cash-to-Debt falls into.

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Lichen International 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.

Lichen International'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)
	=	25.856	/	(0.095	+	0.034)
	=	200.43

Lichen International'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)
	=	34.187	/	(0.074	+	0.008)
	=	416.91

Lichen International (NAS:LICN) 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.

Lichen International Cash-to-Debt Related Terms

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Lichen International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Lichen International Ltd (NAS:LICN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Xingang Square, Hubin North Road, 15th Floor, Siming District, Fujian Province, Xiamen, CHN, 361013

Website

https://www.lichenzx.com

Lichen International Ltd formerly Lichen China Ltd is a holding company. The company, along with its subsidiaries provides financial and taxation solution services; education support services; and software and maintenance services. The company generates Majority revenue from Financial and taxation solution services.