Technovative Group (Technovative Group) Cash-to-Debt : 0.59 (As of Sep. 2018)

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What is Technovative 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. Technovative Group's cash to debt ratio for the quarter that ended in Sep. 2018 was 0.59.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Technovative Group couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2018.

The historical rank and industry rank for Technovative Group's Cash-to-Debt or its related term are showing as below:

TEHG's Cash-to-Debt is not ranked ^*
in the Software industry.
Industry Median: 2.57
* Ranked among companies with meaningful Cash-to-Debt only.

Technovative Group Cash-to-Debt Historical Data

The historical data trend for Technovative 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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Technovative Group Cash-to-Debt Chart

Technovative Group Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Cash-to-Debt

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0.01

N/A

No Debt

1.58

Technovative Group Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	1.58	0.88	0.44	0.59

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

For the Software - Application subindustry, Technovative 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.

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

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

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

Technovative 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.

Technovative Group's Cash to Debt Ratio for the fiscal year that ended in Dec. 2017 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)
	=	0.404	/	(0.256	+	0)
	=	1.58

Technovative Group's Cash to Debt Ratio for the quarter that ended in Sep. 2018 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)
	=	0.575	/	(0.979	+	0)
	=	0.59

Technovative Group (GREY:TEHG) 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.

Technovative Group Cash-to-Debt Related Terms

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Technovative Group (Technovative Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Technovative Group Inc (GREY:TEHG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

30 Canton Road, Unit 701, 7th Floor, Tower 2, Silvercord, Tsim Sha Tsui, Kowloon, Hong Kong, HKG

Website

http://www.technovative.co

Technovative Group Inc is a technology software development company focused in the financial technology industry by providing blockchain solutions and big data analytics technologies to financial service institutions in the Greater China Region and the Southeast Asia Region. The company's product consists of Hedu SmartSuite, SmartCon, SmartTrader, and SmartWallet. The company earns revenue in the form of subscription, referral fees, and services, and data analytics and market research.

Technovative Group (Technovative Group) Headlines

From GuruFocus

TECHNOVATIVE GROUP INC., SIGNS STRATEGIC PARTNERSHIP AGREEMENT WITH JOGET, INC.

By Marketwired Marketwired • 09-24-2018