Beijing United Information Technology Co (SHSE:603613) Cash-to-Debt : 2.82 (As of Mar. 2024)

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What is Beijing United Information 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. Beijing United Information Technology Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 2.82.

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 United Information Technology Co could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

SHSE:603613' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.19 Med: 3.98 Max: No Debt
Current: 2.82

During the past 12 years, Beijing United Information Technology Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.19. And the median was 3.98.

SHSE:603613's Cash-to-Debt is ranked better than
51.34% of 2805 companies
in the Software industry
Industry Median: 2.57 vs SHSE:603613: 2.82

Beijing United Information Technology Co Cash-to-Debt Historical Data

The historical data trend for Beijing United Information 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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Beijing United Information Technology Co Cash-to-Debt Chart

Beijing United Information Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

5.04

11.26

5.50

4.34

3.26

Beijing United Information Technology Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															3.62	3.22	2.94	3.26	2.82

Competitive Comparison of Beijing United Information Technology Co's Cash-to-Debt

For the Information Technology Services subindustry, Beijing United Information 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.

Beijing United Information Technology Co's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, Beijing United Information Technology Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Beijing United Information Technology Co's Cash-to-Debt falls into.

Beijing United Information 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.

Beijing United Information Technology Co'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)
	=	7075.589	/	(2150.867	+	18.583)
	=	3.26

Beijing United Information Technology Co's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
	=	5874.005	/	(2064.548	+	21.663)
	=	2.82

Beijing United Information Technology Co (SHSE:603613) 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 United Information Technology Co Cash-to-Debt Related Terms

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Beijing United Information Technology Co (SHSE:603613) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Beijing United Information Technology Co Ltd (SHSE:603613) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1, Shangdi Information Road, Building 703, Building 1, Haidian District, Beijing, CHN

Website

http://www.ueiibi.com

Beijing United Information Technology Co Ltd operates business to business e-commerce platform. The company provides online commodity trading, commercial information services and Internet technology for industrial products and raw materials for related industries.It also provides online commodity trading services for upstream and downstream industries such as coating chemicals, sanitary products and glass, including self-operated e-commerce, third-party e-commerce and SaaS services.

Executives

Liu Quan	Director
Liu Jun Zhai	Director
Wang Ting	Director
Liu Yuan	Director
Pan Yong	Directors, senior managers
Tian Tao	Directors, senior managers
Liu Rui	Supervisors
Qian Xiao Jun	Directors, senior managers

Beijing United Information Technology Co (SHSE:603613) Headlines

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