Qingsong Health Co (ROCO:6931) Cash-to-Debt : 0.45 (As of Dec. 2023)

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What is Qingsong Health 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. Qingsong Health Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.45.

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, Qingsong Health Co 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 Qingsong Health Co's Cash-to-Debt or its related term are showing as below:

ROCO:6931' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.33 Med: 0.43 Max: 0.45
Current: 0.45

During the past 5 years, Qingsong Health Co's highest Cash to Debt Ratio was 0.45. The lowest was 0.33. And the median was 0.43.

ROCO:6931's Cash-to-Debt is ranked worse than
57.01% of 670 companies
in the Healthcare Providers & Services industry
Industry Median: 0.69 vs ROCO:6931: 0.45

Qingsong Health Co Cash-to-Debt Historical Data

The historical data trend for Qingsong Health 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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Qingsong Health Co Cash-to-Debt Chart

Qingsong Health Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.33

0.35

0.43

0.44

0.45

Qingsong Health Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			0.43	0.42	0.44	0.45	0.45

Competitive Comparison of Qingsong Health Co's Cash-to-Debt

For the Medical Care Facilities subindustry, Qingsong Health 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.

Qingsong Health Co's Cash-to-Debt Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Qingsong Health Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Qingsong Health Co's Cash-to-Debt falls into.

Qingsong Health 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.

Qingsong Health 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)
	=	395.796	/	(70.204	+	802.045)
	=	0.45

Qingsong Health Co'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)
	=	395.796	/	(70.204	+	802.045)
	=	0.45

Qingsong Health Co (ROCO:6931) 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.

Qingsong Health Co Cash-to-Debt Related Terms

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Qingsong Health Co (ROCO:6931) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Qingsong Health Co Ltd (ROCO:6931) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 219, Section 3, Zhongtou West Road, Dali District, Taichung, TWN

Website

https://www.qingsong.com.tw

Qingsong Health Co Ltd is an elderly parental care organization. It provides a variety of care solutions from home to institutions to protect families, creates a livable living environment and provides warm care services, so that the elders can spend their old age with smiles and satisfaction in their silver-haired years.

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