Venustech Group (SZSE:002439) Cash-to-Debt : 107.99 (As of Mar. 2024)

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What is Venustech Group 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. Venustech Group's cash to debt ratio for the quarter that ended in Mar. 2024 was 107.99.

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, Venustech Group 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 Venustech Group's Cash-to-Debt or its related term are showing as below:

SZSE:002439' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.93 Med: 60.89 Max: No Debt
Current: 107.99

During the past 13 years, Venustech Group's highest Cash to Debt Ratio was No Debt. The lowest was 1.93. And the median was 60.89.

SZSE:002439's Cash-to-Debt is ranked better than
85.01% of 2708 companies
in the Software industry
Industry Median: 2.47 vs SZSE:002439: 107.99

Venustech Group Cash-to-Debt Historical Data

The historical data trend for Venustech Group'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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Venustech Group Cash-to-Debt Chart

Venustech Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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3.04

38.43

53.38

70.20

99.34

Venustech Group 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															64.30	47.66	39.92	99.34	107.99

Competitive Comparison of Venustech Group's Cash-to-Debt

For the Software - Infrastructure subindustry, Venustech Group'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.

Venustech Group's Cash-to-Debt Distribution in the Software Industry

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

* The bar in red indicates where Venustech Group's Cash-to-Debt falls into.

Venustech Group 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.

Venustech Group'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)
	=	6079.681	/	(37.297	+	23.907)
	=	99.33

Venustech Group'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)
	=	5925.244	/	(36.367	+	18.502)
	=	107.99

Venustech Group (SZSE:002439) 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.

Venustech Group Cash-to-Debt Related Terms

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Venustech Group (SZSE:002439) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Venustech Group Inc (SZSE:002439) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.8 Northeast Wangxi Road, 1st Floor, Qimingxing Building, Building 21, Zhongguancun Software Park, Haidian District, Beijing, CHN

Website

http://www.venustech.com.cn

Venustech Group Inc is a provider of network security products, trusted security management platform, as well as specialized security services and solutions in China.

Executives

Qi Jian	Director
Wang Jia	Directors, executives
Zhang Yuan	Directors, executives
Yan Li	Directors, executives
Liu Ke Quan	Directors, executives
Xie Qi Zhi	Supervisors
Pan Zhong Yu	Directors, executives
Zhong Dan	Securities Affairs Representative
Liu Xing Chi	Supervisors
Qiu Wei	Executives

Venustech Group (SZSE:002439) Headlines

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