Beijing Haitian Ruisheng Science Technology (SHSE:688787) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2023)

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What is Beijing Haitian Ruisheng Science 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. Beijing Haitian Ruisheng Science Technology's cash to debt ratio for the quarter that ended in Sep. 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, Beijing Haitian Ruisheng Science Technology could pay off its debt using the cash in hand for the quarter that ended in Sep. 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 Beijing Haitian Ruisheng Science Technology's Cash-to-Debt or its related term are showing as below:

SHSE:688787' s Cash-to-Debt Range Over the Past 10 Years
Min: 70.79 Med: No Debt Max: No Debt
Current: No Debt

During the past 7 years, Beijing Haitian Ruisheng Science Technology's highest Cash to Debt Ratio was No Debt. The lowest was 70.79. And the median was No Debt.

SHSE:688787's Cash-to-Debt is ranked better than
99.82% of 2792 companies
in the Software industry
Industry Median: 2.415 vs SHSE:688787: No Debt

Beijing Haitian Ruisheng Science Technology Cash-to-Debt Historical Data

The historical data trend for Beijing Haitian Ruisheng Science 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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Beijing Haitian Ruisheng Science Technology Cash-to-Debt Chart

Beijing Haitian Ruisheng Science Technology Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

N/A

70.79

761.18

No Debt

Beijing Haitian Ruisheng Science Technology Quarterly Data
	Dec17	Mar18	Dec18	Mar19	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															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Beijing Haitian Ruisheng Science Technology's Cash-to-Debt

For the Software - Application subindustry, Beijing Haitian Ruisheng Science 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.

Beijing Haitian Ruisheng Science Technology's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, Beijing Haitian Ruisheng Science Technology's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Beijing Haitian Ruisheng Science Technology's Cash-to-Debt falls into.

Beijing Haitian Ruisheng Science Technology 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.

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

Beijing Haitian Ruisheng Science Technology had no debt ⁽¹⁾.

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

Beijing Haitian Ruisheng Science Technology had no debt ⁽¹⁾.

Beijing Haitian Ruisheng Science Technology (SHSE:688787) 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.

Beijing Haitian Ruisheng Science Technology Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Beijing Haitian Ruisheng Science Technology's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Beijing Haitian Ruisheng Science Technology (SHSE:688787) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Beijing Haitian Ruisheng Science Technology Ltd (SHSE:688787) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

4-801, No.28 Chengfu Road, Haidian District, Beijing, CHN, 100083

Website

http://www.speechocean.com

Beijing Haitian Ruisheng Science Technology Ltd is a service provider focusing on providing data products and solutions for AI algorithm training. The types of products and services include speech recognition data, speech synthesis data, text data, image data and others.

Beijing Haitian Ruisheng Science Technology (SHSE:688787) Headlines

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Beijing Haitian Ruisheng Science Technology (SHSE:688787) Cash-to-Debt : No Debt (1) (As of Sep. 2023)