Bingo Software Co (SHSE:688227) Cash-to-Debt : 2.03 (As of Mar. 2024)

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What is Bingo Software 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. Bingo Software Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 2.03.

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, Bingo Software Co could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Bingo Software Co's Cash-to-Debt or its related term are showing as below:

SHSE:688227' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.31 Med: 6.51 Max: 12.78
Current: 2.03

During the past 7 years, Bingo Software Co's highest Cash to Debt Ratio was 12.78. The lowest was 0.31. And the median was 6.51.

SHSE:688227's Cash-to-Debt is ranked worse than
53.21% of 2723 companies
in the Software industry
Industry Median: 2.49 vs SHSE:688227: 2.03

Bingo Software Co Cash-to-Debt Historical Data

The historical data trend for Bingo Software 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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Bingo Software Co Cash-to-Debt Chart

Bingo Software Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

N/A

0.65

6.91

10.33

9.63

Bingo Software Co Quarterly Data
	Mar19	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															12.78	11.34	10.67	9.63	2.03

Competitive Comparison of Bingo Software Co's Cash-to-Debt

For the Software - Infrastructure subindustry, Bingo Software 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.

Bingo Software Co's Cash-to-Debt Distribution in the Software Industry

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

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

Bingo Software 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.

Bingo Software 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)
	=	522.551	/	(48.988	+	5.257)
	=	9.63

Bingo Software 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)
	=	233.019	/	(99.991	+	14.671)
	=	2.03

Bingo Software Co (SHSE:688227) 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.

Bingo Software Co Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Bingo Software Co's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Bingo Software Co (SHSE:688227) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Bingo Software Co Ltd (SHSE:688227) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 17, Software Road, Building G1, Gaotang Software Industry Base, Tianhe District, Guangdong Province, Guangzhou, CHN, 510663

Website

https://www.bingosoft.net

Bingo Software Co Ltd is a cloud computing and industry information service provider. It holds cloud computing-centric basic products such as BingoCloudOS, BingoFuse, BingoInsight, BingoLink and others. The types of products and services include cloud product sales, cloud leasing services, cloud solutions and industry information services.

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