XD (HKSE:02400) Cash-to-Debt : 1.91 (As of Dec. 2023)

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What is XD 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. XD's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.91.

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, XD could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

HKSE:02400' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.71 Med: 8.47 Max: 46.42
Current: 1.91

During the past 8 years, XD's highest Cash to Debt Ratio was 46.42. The lowest was 1.71. And the median was 8.47.

HKSE:02400's Cash-to-Debt is ranked worse than
63.71% of 587 companies
in the Interactive Media industry
Industry Median: 4.63 vs HKSE:02400: 1.91

XD Cash-to-Debt Historical Data

The historical data trend for XD'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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XD Cash-to-Debt Chart

XD Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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46.42

17.84

2.17

1.71

1.91

XD Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial								2.17	1.93	1.71	1.75	1.91

Competitive Comparison of XD's Cash-to-Debt

For the Electronic Gaming & Multimedia subindustry, XD'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.

XD's Cash-to-Debt Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, XD's Cash-to-Debt distribution charts can be found below:

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

XD 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.

XD'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)
	=	3669.057	/	(1747.607	+	173.513)
	=	1.91

XD's Cash to Debt Ratio for the quarter 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)
	=	3669.057	/	(1747.607	+	173.513)
	=	1.91

XD (HKSE:02400) 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.

XD Cash-to-Debt Related Terms

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XD (HKSE:02400) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » XD Inc (HKSE:02400) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

3OE:Germany

Address

Wanrong Road, Unit A2, No. 700, Shanghai, CHN

Website

www.2400.hk

XD Inc is engaged in the development, operation, publishing, and distribution of mobile and web games and the provision of information services in China and overseas. It also operates TapTap, a game community and platform in China. It has two operating segments. The game segment, which is the key revenue driver, offers game publishing and operating services on its own and via other distribution channels. Revenues from this segment are derived from game publishing and operating services. The information service segment offers online marketing services to game developers, game publishers, or their agents. Revenues from this segment are derived from performance-based online marketing services.

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