Ourpalm Co (SZSE:300315) Cash-to-Debt : 53.67 (As of Mar. 2024)

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What is Ourpalm 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. Ourpalm Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 53.67.

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

SZSE:300315' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.59 Med: 46.17 Max: No Debt
Current: 53.67

During the past 13 years, Ourpalm Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.59. And the median was 46.17.

SZSE:300315's Cash-to-Debt is ranked better than
72.87% of 586 companies
in the Interactive Media industry
Industry Median: 4.635 vs SZSE:300315: 53.67

Ourpalm Co Cash-to-Debt Historical Data

The historical data trend for Ourpalm 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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Ourpalm Co Cash-to-Debt Chart

Ourpalm Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

62.08

83.57

149.70

529.76

Ourpalm 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															186.89	318.84	459.26	529.76	53.67

Competitive Comparison of Ourpalm Co's Cash-to-Debt

For the Electronic Gaming & Multimedia subindustry, Ourpalm 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.

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

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

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

Ourpalm 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.

Ourpalm 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)
	=	2766.412	/	(4.309	+	0.913)
	=	529.76

Ourpalm 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)
	=	2627.432	/	(6.885	+	42.071)
	=	53.67

Ourpalm Co (SZSE:300315) 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.

Ourpalm Co Cash-to-Debt Related Terms

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Ourpalm Co (SZSE:300315) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Ourpalm Co Ltd (SZSE:300315) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.1 Baosheng South Road, Room 901, Building 29, Block C, Lingzhi Center, Aobei Science and Technology Park, Haidian District, Beijing, CHN

Website

http://www.ourpalm.com

Ourpalm Co Ltd is a China-based company engaged in the development, publishing, and operation of games. Its main business includes mobile terminal games, internet page games and product development, agent distribution and operation and maintenance of its peripheral products.

Executives

Cheng Li	Executives
Yao Wen Zhe	Directors, executives
Wu Lin Guang	Director
Hu Bin	Directors, executives
Li Hao Sheng	Directors, executives
Deng Pan	Director
Yao Wen Bin	Director
Song Hai Bo	Director
Ye Ying Tao	Director
Wang Zhong Jun	Director
Yang Kai	Directors, executives
Zhang Yun Xia	Directors, Directors, and Executives

Ourpalm Co (SZSE:300315) Headlines

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