Qtone Education Group (Guangdong) (SZSE:300359) Cash-to-Debt : 22.84 (As of Sep. 2024)

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What is Qtone Education Group (Guangdong) 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. Qtone Education Group (Guangdong)'s cash to debt ratio for the quarter that ended in Sep. 2024 was 22.84.

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, Qtone Education Group (Guangdong) could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

The historical rank and industry rank for Qtone Education Group (Guangdong)'s Cash-to-Debt or its related term are showing as below:

SZSE:300359' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.66 Med: 3.03 Max: No Debt
Current: 22.84

During the past 13 years, Qtone Education Group (Guangdong)'s highest Cash to Debt Ratio was No Debt. The lowest was 0.66. And the median was 3.03.

SZSE:300359's Cash-to-Debt is ranked better than
79.1% of 268 companies
in the Education industry
Industry Median: 1.42 vs SZSE:300359: 22.84

Qtone Education Group (Guangdong) Cash-to-Debt Historical Data

The historical data trend for Qtone Education Group (Guangdong)'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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Qtone Education Group (Guangdong) Cash-to-Debt Chart

Qtone Education Group (Guangdong) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.50

2.69

3.25

9.16

39.19

Qtone Education Group (Guangdong) Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															18.17	39.19	20.34	21.62	22.84

Competitive Comparison of Qtone Education Group (Guangdong)'s Cash-to-Debt

For the Education & Training Services subindustry, Qtone Education Group (Guangdong)'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.

Qtone Education Group (Guangdong)'s Cash-to-Debt Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Qtone Education Group (Guangdong)'s Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Qtone Education Group (Guangdong)'s Cash-to-Debt falls into.

Qtone Education Group (Guangdong) 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.

Qtone Education Group (Guangdong)'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)
	=	513.008	/	(7.312	+	5.78)
	=	39.18

Qtone Education Group (Guangdong)'s Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	386.921	/	(9.844	+	7.096)
	=	22.84

Qtone Education Group (Guangdong) (SZSE:300359) 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.

Qtone Education Group (Guangdong) Cash-to-Debt Related Terms

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Qtone Education Group (Guangdong) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Qtone Education Group (Guangdong) Ltd (SZSE:300359) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 88, Zhongshan 4th Road, 19th Floor, Block 5, Shengjing Shangfeng, East District, Guangdong, Zhongshan, CHN, 528400

Website

http://www.qtone.cn

Qtone Education Group (Guangdong) Ltd is a Chinese company engaged in providing school interactive services. It is engaged in the businesses of Education information construction and operation which consists smart education integrated solution, consulting service system, value-added operations; Campus service business which comprises campus communication, campus security, teaching management services, education management services; and Continuing education business.

Executives

Zhao Min	Independent director
Liu Yu Ming	Directors, executives
Chen Chi Chang	Director
Wang Ling	Director
Wan Jian Jun	Director
Lin Xiao Ya	Director
Zhou Wei	Directors, Directors, and Executives
Wang Hai Fang	Supervisors

Qtone Education Group (Guangdong) Headlines

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