Yiren Digital (Yiren Digital) Cash-to-Debt : 211.12 (As of Sep. 2023)

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What is Yiren Digital 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. Yiren Digital's cash to debt ratio for the quarter that ended in Sep. 2023 was 211.12.

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, Yiren Digital 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 Yiren Digital's Cash-to-Debt or its related term are showing as below:

YRD' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.33 Med: 24.7 Max: No Debt
Current: 211.12

During the past 10 years, Yiren Digital's highest Cash to Debt Ratio was No Debt. The lowest was 2.33. And the median was 24.70.

YRD's Cash-to-Debt is ranked better than
86.06% of 502 companies
in the Credit Services industry
Industry Median: 0.215 vs YRD: 211.12

Yiren Digital Cash-to-Debt Historical Data

The historical data trend for Yiren Digital'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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Yiren Digital Cash-to-Debt Chart

Yiren Digital Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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17.89

12.16

4.54

2.76

6.53

Yiren Digital 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															5.84	6.53	12.61	14.11	211.12

Competitive Comparison of Yiren Digital's Cash-to-Debt

For the Credit Services subindustry, Yiren Digital'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.

Yiren Digital's Cash-to-Debt Distribution in the Credit Services Industry

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

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

Yiren Digital 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.

Yiren Digital's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	752.275	/	(0	+	115.198)
	=	6.53

Yiren Digital's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	801.631	/	(0	+	3.797)
	=	211.12

Yiren Digital (NYSE:YRD) 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.

Yiren Digital Cash-to-Debt Related Terms

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Yiren Digital (Yiren Digital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Yiren Digital Ltd (NYSE:YRD) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

19YA:Germany 19YA:Germany

Address

118 Jianguo Road, 28th Floor, China Merchants Bureau Building, Chaoyang District, Beijing, CHN, 100022

Website

https://www.yiren.com

Yiren Digital Ltd is a fintech company in China connecting investors and individual borrowers. The Company provides an effective solution to address largely underserved investors and individual borrower demand in China through online and offline channels to efficiently match borrowers with investors and execute loan transactions. The company has three operating segments; the Yiren Wealth segment conducts holistic wealth business, the Yiren Credit segment focuses on consumer credit business, and the Other segment includes electronic commerce business. It derives a majority of its revenue from the Yiren Credit segment.