Threes Company Media Group Co (SHSE:605168) Cash-to-Debt : 0.75 (As of Mar. 2024)

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What is Threes Company Media 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. Threes Company Media Group Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.75.

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, Threes Company Media Group Co couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Threes Company Media Group Co's Cash-to-Debt or its related term are showing as below:

SHSE:605168' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.19 Med: 2.16 Max: 28.37
Current: 0.75

During the past 11 years, Threes Company Media Group Co's highest Cash to Debt Ratio was 28.37. The lowest was 0.19. And the median was 2.16.

SHSE:605168's Cash-to-Debt is ranked worse than
58.94% of 1035 companies
in the Media - Diversified industry
Industry Median: 1.28 vs SHSE:605168: 0.75

Threes Company Media Group Co Cash-to-Debt Historical Data

The historical data trend for Threes Company Media 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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Threes Company Media Group Co Cash-to-Debt Chart

Threes Company Media Group Co Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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4.81

28.37

6.60

1.20

1.24

Threes Company Media Group Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.41	0.50	0.19	1.24	0.75

Competitive Comparison of Threes Company Media Group Co's Cash-to-Debt

For the Advertising Agencies subindustry, Threes Company Media 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.

Threes Company Media Group Co's Cash-to-Debt Distribution in the Media - Diversified Industry

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

* The bar in red indicates where Threes Company Media Group Co's Cash-to-Debt falls into.

Threes Company Media 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.

Threes Company Media 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)
	=	905.45	/	(609.953	+	123.05)
	=	1.24

Threes Company Media Group Co's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	562.807	/	(630.75	+	118.193)
	=	0.75

Threes Company Media Group Co (SHSE:605168) 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.

Threes Company Media Group Co Cash-to-Debt Related Terms

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Threes Company Media Group Co (SHSE:605168) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Threes Company Media Group Co Ltd (SHSE:605168) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Keji 2nd Road, Xi'an Software Park, No. 72, E401, Tangle Pavilion, High-tech Zone, Shaanxi Province, Xi'an, CHN

Website

http://www.topsrx.com

Threes Company Media Group Co Ltd is a one-stop campus integrated marketing and professional digital marketing service provider. The company is engaged in digital marketing services, scene activity services and campus media marketing services. Its services include campus integration marketing, public relations event planning, and case-based digital marketing. System, service content covers campus marketing and promotion, campus event planning, brand strategy, Internet communication strategy, media strategy, creative services, technical services, media procurement, social marketing and many other aspects.

Executives

Guo Xian Wei	Director
Wang Chuan	Directors, senior managers
Li Da	senior management
Chen Sheng	senior management
Zhang Hao	Directors, senior managers
Dai Xiu Ju	Supervisors
Wang Lei	Supervisors
Qian Jun Dong	Directors, senior managers

Threes Company Media Group Co (SHSE:605168) Headlines

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