Qifu Technology (Qifu Technology) Cash-to-Debt : 6.53 (As of Sep. 2023)

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What is Qifu Technology 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. Qifu Technology's cash to debt ratio for the quarter that ended in Sep. 2023 was 6.53.

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, Qifu Technology could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

QFIN' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.2 Med: 20.22 Max: No Debt
Current: 6.53

During the past 7 years, Qifu Technology's highest Cash to Debt Ratio was No Debt. The lowest was 1.20. And the median was 20.22.

QFIN's Cash-to-Debt is ranked better than
79.28% of 502 companies
in the Credit Services industry
Industry Median: 0.215 vs QFIN: 6.53

Qifu Technology Cash-to-Debt Historical Data

The historical data trend for Qifu Technology'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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Qifu Technology Cash-to-Debt Chart

Qifu Technology Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

9.54

20.52

14.45

39.65

Qifu Technology Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															11.29	39.65	34.19	20.22	6.53

Competitive Comparison of Qifu Technology's Cash-to-Debt

For the Credit Services subindustry, Qifu Technology'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.

Qifu Technology's Cash-to-Debt Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Qifu Technology's Cash-to-Debt distribution charts can be found below:

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

Qifu Technology Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents 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.

Qifu Technology's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	1027.81	/	(25.92	+	0)
	=	39.65

Qifu Technology's Cash to Debt Ratio for the quarter that ended in Sep. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	676.674	/	(103.63	+	0)
	=	6.53

Qifu Technology (NAS:QFIN) 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.

Qifu Technology Cash-to-Debt Related Terms

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Qifu Technology (Qifu Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Qifu Technology Inc (NAS:QFIN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

03660:Hong Kong

Address

No. 1217 Dongfang Road, 7th Floor Lujiazui Finance Plaza, Pudong New Area, Shanghai, CHN, 200122

Website

https://www.qifu.tech

Qifu Technology Inc is a Credit-Tech platform in China. It provides credit services more accessible and personalized to consumers and SMEs through Credit-Tech services to financial institutions, whereby it deploys its technology solutions to help financial institutions identify the diversified needs of consumers and SMEs, effectively access prospective borrowers that are creditworthy through multi-channels, enhance credit assessment on prospective borrowers, and manage credit risks and improve collection strategies and efficiency, among others.