Jilin Asia Link Technology Development Co (SZSE:002316) Cash-to-Debt : 16.50 (As of Mar. 2024)

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What is Jilin Asia Link Technology Development 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. Jilin Asia Link Technology Development Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 16.50.

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, Jilin Asia Link Technology Development 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 Jilin Asia Link Technology Development Co's Cash-to-Debt or its related term are showing as below:

SZSE:002316' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.28 Med: 0.79 Max: 20.44
Current: 16.5

During the past 13 years, Jilin Asia Link Technology Development Co's highest Cash to Debt Ratio was 20.44. The lowest was 0.28. And the median was 0.79.

SZSE:002316's Cash-to-Debt is ranked better than
81.8% of 2374 companies
in the Hardware industry
Industry Median: 1.34 vs SZSE:002316: 16.50

Jilin Asia Link Technology Development Co Cash-to-Debt Historical Data

The historical data trend for Jilin Asia Link Technology Development 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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Jilin Asia Link Technology Development Co Cash-to-Debt Chart

Jilin Asia Link Technology Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.86

0.79

0.51

14.42

15.30

Jilin Asia Link Technology Development 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															11.25	20.44	13.92	15.30	16.50

Competitive Comparison of Jilin Asia Link Technology Development Co's Cash-to-Debt

For the Communication Equipment subindustry, Jilin Asia Link Technology Development 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.

Jilin Asia Link Technology Development Co's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Jilin Asia Link Technology Development Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Jilin Asia Link Technology Development Co's Cash-to-Debt falls into.

Jilin Asia Link Technology Development 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.

Jilin Asia Link Technology Development 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)
	=	129.937	/	(6.788	+	1.707)
	=	15.30

Jilin Asia Link Technology Development 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)
	=	133.568	/	(6.838	+	1.256)
	=	16.50

Jilin Asia Link Technology Development Co (SZSE:002316) 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.

Jilin Asia Link Technology Development Co Cash-to-Debt Related Terms

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

Jilin Asia Link Technology Development Co (SZSE:002316) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Jilin Asia Link Technology Development Co Ltd (SZSE:002316) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Room 1205, Chuangye Building, High-tech Industrial Development Zone, Jilin Province, Liaoyuan, CHN, 518057

Website

http://www.asialink.com

Jilin Asia Link Technology Development Co Ltd is primarily involved in the financial technology business and private network communication technology solution business. The financial technology business segment is mainly engaged in third-party payment services, big data service business and financial business. The private network communication technology solution business mainly serves the energy and transportation industries, including the research and development, manufacturing and related technical services of related software and hardware products. Geographically, the activities are carried out through China.

Executives

Huang Xi Sheng	Director
Liu Hui	Director
Li Lin	Executives
Zhang Zhen Xin	Director
Yin Jian Feng	Director
Yang Jian Ping	Executives
Ye Qiong	Directors, executives
Yuan Xun Ming	Supervisors
Cheng Qi Bei	Executives
Wang Jian	Supervisors
Meng Ling Zhang	Directors, executives
Xia Ming Rong	Directors, executives
Zhuang Yan Zheng	Supervisors

Jilin Asia Link Technology Development Co (SZSE:002316) Headlines

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