Zhongfu Information (SZSE:300659) Cash-to-Debt : 2.54 (As of Mar. 2024)

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What is Zhongfu Information 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. Zhongfu Information's cash to debt ratio for the quarter that ended in Mar. 2024 was 2.54.

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

SZSE:300659' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.51 Med: 20.13 Max: No Debt
Current: 2.54

During the past 12 years, Zhongfu Information's highest Cash to Debt Ratio was No Debt. The lowest was 0.51. And the median was 20.13.

SZSE:300659's Cash-to-Debt is ranked worse than
50.04% of 2800 companies
in the Software industry
Industry Median: 2.55 vs SZSE:300659: 2.54

Zhongfu Information Cash-to-Debt Historical Data

The historical data trend for Zhongfu Information'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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Zhongfu Information Cash-to-Debt Chart

Zhongfu Information Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

24.45

9.48

1.51

1.16

Zhongfu Information 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															1.02	0.78	0.51	1.16	2.54

Competitive Comparison of Zhongfu Information's Cash-to-Debt

For the Software - Infrastructure subindustry, Zhongfu Information'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.

Zhongfu Information's Cash-to-Debt Distribution in the Software Industry

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

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

Zhongfu Information 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.

Zhongfu Information'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)
	=	367.867	/	(312.105	+	6.223)
	=	1.16

Zhongfu Information'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)
	=	571.796	/	(220.544	+	4.296)
	=	2.54

Zhongfu Information (SZSE:300659) 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.

Zhongfu Information Cash-to-Debt Related Terms

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

Zhongfu Information (SZSE:300659) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Zhongfu Information Inc (SZSE:300659) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1166 Xinyi Street, Gaoxin Zone, Floors 15-16, Building 2, Aosheng Building, Jinan High-tech Zone, Shandong, Jinan, CHN, 250101

Website

http://www.zhongfu.net

Zhongfu Information Inc is a provider of network and information security solutions. It specializes in information security technology and product development, sales and providing industry solutions and security services. The company offers security solutions, password application solutions and public safety solutions. Security solutions include information security and confidentiality management, network information one-way data transmission, and integrated business information management solutions. Password application solution comprises electronic business license and mobile billing. Public safety solutions consist of the public opinion warning application, visual intelligence analysis, and public security synthetic combat platform.

Executives

Wei Dong Xiao	Directors, executives
Chen Zhi Jiang	Director
Liu Zhen Dong	Supervisors
Zhang Tai Xiang	Supervisors
Yu Wei Hua	Supervisors
Sun Qiang	Directors, Directors, and Executives
Liu Hai Wei	Directors, executives
Wang Meng	Supervisors

Zhongfu Information (SZSE:300659) Headlines

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