3onedata Co (SHSE:688618) Cash-to-Debt : 3.85 (As of Mar. 2024)

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What is 3onedata 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. 3onedata Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 3.85.

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, 3onedata 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 3onedata Co's Cash-to-Debt or its related term are showing as below:

SHSE:688618' s Cash-to-Debt Range Over the Past 10 Years
Min: 3.85 Med: 9.19 Max: No Debt
Current: 3.85

During the past 7 years, 3onedata Co's highest Cash to Debt Ratio was No Debt. The lowest was 3.85. And the median was 9.19.

SHSE:688618's Cash-to-Debt is ranked better than
67.77% of 2479 companies
in the Hardware industry
Industry Median: 1.32 vs SHSE:688618: 3.85

3onedata Co Cash-to-Debt Historical Data

The historical data trend for 3onedata 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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3onedata Co Cash-to-Debt Chart

3onedata Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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33.12

23.70

9.19

5.73

5.03

3onedata 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															5.78	5.49	4.60	5.03	3.85

Competitive Comparison of 3onedata Co's Cash-to-Debt

For the Communication Equipment subindustry, 3onedata 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.

3onedata Co's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, 3onedata Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where 3onedata Co's Cash-to-Debt falls into.

3onedata 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.

3onedata 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)
	=	474.432	/	(93.506	+	0.846)
	=	5.03

3onedata 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)
	=	449.274	/	(95.18	+	21.591)
	=	3.85

3onedata Co (SHSE:688618) 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.

3onedata Co Cash-to-Debt Related Terms

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3onedata Co (SHSE:688618) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » 3onedata Co Ltd (SHSE:688618) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Xili Street, Building 3, District 1, Baiwangxin High-tech Industrial Park, Nanshan District, Guangdong Province, Shenzhen, CHN, 518000

Website

https://www.3onedata.com.cn

3onedata Co Ltd is engaged in the development, production and sales of industrial internet communication products for the digital, network and intelligent infrastructure needs of the industrial economy.

Executives

Wu Jian	Director
Qian Xiao Tao	Core technical personnel
Yuan Ling	senior management
Yang Jing Li	Core technical personnel
Xiong Wei	Directors, senior managers, core technical personn
Liu Mao Ming	Core technical personnel
Yang Gui Lin	Core technical personnel
Yuan Zi Jun	Directors, senior managers
Xiong Ying Ying	senior management

3onedata Co (SHSE:688618) Headlines

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