Color Star Technology Co (Color Star Technology Co) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jun. 2023)

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What is Color Star Technology 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. Color Star Technology Co's cash to debt ratio for the quarter that ended in Jun. 2023 was No Debt ⁽¹⁾.

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, Color Star Technology Co could pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

(1) 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.

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

ADD' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.73 Max: No Debt
Current: No Debt

During the past 13 years, Color Star Technology Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 0.73.

ADD's Cash-to-Debt is ranked better than
99.81% of 1037 companies
in the Media - Diversified industry
Industry Median: 1.28 vs ADD: No Debt

Color Star Technology Co Cash-to-Debt Historical Data

The historical data trend for Color Star Technology 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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Color Star Technology Co Cash-to-Debt Chart

Color Star Technology Co Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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1.04

No Debt

Color Star Technology Co Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Color Star Technology Co's Cash-to-Debt

For the Entertainment subindustry, Color Star Technology 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.

Color Star Technology Co's Cash-to-Debt Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Color Star Technology Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Color Star Technology Co's Cash-to-Debt falls into.

Color Star Technology 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.

Color Star Technology Co's Cash to Debt Ratio for the fiscal year that ended in Jun. 2023 is calculated as:

Color Star Technology Co had no debt ⁽¹⁾.

Color Star Technology Co's Cash to Debt Ratio for the quarter that ended in Jun. 2023 is calculated as:

Color Star Technology Co had no debt ⁽¹⁾.

Color Star Technology Co (NAS:ADD) 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.

Color Star Technology Co Cash-to-Debt Related Terms

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Color Star Technology Co (Color Star Technology Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Color Star Technology Co Ltd (NAS:ADD) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

2J4A:Germany

Address

80 Broad Street, 5th Floor, New York, NY, USA, 10005

Website

https://www.colorstarinternational.com

Color Star Technology Co Ltd is an entertainment technology and education company providing online and offline music education. The curriculum developed by the company includes music, sports, animation, painting and calligraphy, film and television, and life skills, covering various aspects of entertainment, sports, and culture.