WCT (Wellchange Holdings Co) Cash-to-Debt : 0.02 (As of Jun. 2024)

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What is Wellchange Holdings 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. Wellchange Holdings Co's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.02.

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, Wellchange Holdings Co couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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

WCT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.1 Max: 0.37
Current: 0.02

During the past 3 years, Wellchange Holdings Co's highest Cash to Debt Ratio was 0.37. The lowest was 0.02. And the median was 0.10.

WCT's Cash-to-Debt is ranked worse than
97.81% of 2783 companies
in the Software industry
Industry Median: 2.57 vs WCT: 0.02

Wellchange Holdings Co Cash-to-Debt Historical Data

The historical data trend for Wellchange Holdings 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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Wellchange Holdings Co Cash-to-Debt Chart

Wellchange Holdings Co Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

0.10

0.37

0.02

Wellchange Holdings Co Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial			N/A	0.37	0.23	0.02	0.02

Competitive Comparison of Wellchange Holdings Co's Cash-to-Debt

For the Software - Application subindustry, Wellchange Holdings 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.

Wellchange Holdings Co's Cash-to-Debt Distribution in the Software Industry

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

* The bar in red indicates where Wellchange Holdings Co's Cash-to-Debt falls into.

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Wellchange Holdings 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.

Wellchange Holdings 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)
	=	0.013	/	(0.581	+	0)
	=	0.02

Wellchange Holdings Co's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	0.008	/	(0.517	+	0)
	=	0.02

Wellchange Holdings Co (NAS:WCT) 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.

Wellchange Holdings Co Cash-to-Debt Related Terms

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Wellchange Holdings Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Wellchange Holdings Co Ltd (NAS:WCT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Cheung Yue Street, Unit E, 11/F, Billion Plaza II, Cheung Sha Wan, Kowloon, Hong Kong, HKG

Website

https://www.wchingtech.com

Wellchange Holdings Co Ltd is an enterprise software solution services provider. It provides software solutions, cloud-based software-as-a-service (SaaS) platforms, and white-label software design and development services.