NISN (NiSun International Enterprise Development Group Co) Cash-to-Debt : 10.93 (As of Jun. 2024)

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What is NiSun International Enterprise Development 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. NiSun International Enterprise Development Group Co's cash to debt ratio for the quarter that ended in Jun. 2024 was 10.93.

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, NiSun International Enterprise Development 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 NiSun International Enterprise Development Group Co's Cash-to-Debt or its related term are showing as below:

NISN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 4.64 Max: 37.08
Current: 10.93

During the past 11 years, NiSun International Enterprise Development Group Co's highest Cash to Debt Ratio was 37.08. The lowest was 0.01. And the median was 4.64.

NISN's Cash-to-Debt is ranked better than
78.83% of 1058 companies
in the Business Services industry
Industry Median: 1.01 vs NISN: 10.93

NiSun International Enterprise Development Group Co Cash-to-Debt Historical Data

The historical data trend for NiSun International Enterprise Development 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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NiSun International Enterprise Development Group Co Cash-to-Debt Chart

NiSun International Enterprise Development Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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5.45

2.25

11.20

6.34

28.34

NiSun International Enterprise Development Group Co Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial															7.94	6.34	37.08	28.34	10.93

Competitive Comparison of NiSun International Enterprise Development Group Co's Cash-to-Debt

For the Specialty Business Services subindustry, NiSun International Enterprise Development 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.

NiSun International Enterprise Development Group Co's Cash-to-Debt Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, NiSun International Enterprise Development Group Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where NiSun International Enterprise Development Group Co's Cash-to-Debt falls into.

NiSun International Enterprise Development 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.

NiSun International Enterprise Development 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)
	=	126.849	/	(2.833	+	1.643)
	=	28.34

NiSun International Enterprise Development 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)
	=	55.908	/	(3.729	+	1.387)
	=	10.93

NiSun International Enterprise Development Group Co (NAS:NISN) 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.

NiSun International Enterprise Development Group Co Cash-to-Debt Related Terms

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NiSun International Enterprise Development Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » NiSun International Enterprise Development Group Co Ltd (NAS:NISN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 55 Loushanguan Road, Floor 20-21, New Hongqiao Building, Changning District, Shanghai, CHN

Website

https://www.fintaike.com

NiSun International Enterprise Development Group Co Ltd is a provider of supply chain solutions and integrated financial services. Nisun is dedicated to providing professional supply chain solutions to Chinese and foreign enterprises and financial institutions. Through its subsidiaries, it is engaged in delivering supply chain solutions, and supply chain trading services to its customers across different industries. The company also provides financial solutions to small and mid-sized enterprises within the supply chain ecosystem. Using its fintech platforms, it provides various financing options, including supply chain financing, trade financing, and receivables financing. Geographically, its operations are predominantly focused on markets within the People's Republic of China.

Executives

Apex Trading Group Inc

10 percent owner

181 SPADINA RD., RICHMOND HILL A6 L4B3C5