Ming Yuan Cloud Group Holdings (HKSE:00909) Cash-to-Debt : 32.18 (As of Dec. 2023)

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What is Ming Yuan Cloud Group Holdings 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. Ming Yuan Cloud Group Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 32.18.

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, Ming Yuan Cloud Group Holdings could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Ming Yuan Cloud Group Holdings's Cash-to-Debt or its related term are showing as below:

HKSE:00909' s Cash-to-Debt Range Over the Past 10 Years
Min: 9.33 Med: 20.78 Max: 111.85
Current: 32.18

During the past 7 years, Ming Yuan Cloud Group Holdings's highest Cash to Debt Ratio was 111.85. The lowest was 9.33. And the median was 20.78.

HKSE:00909's Cash-to-Debt is ranked better than
79.03% of 2799 companies
in the Software industry
Industry Median: 2.47 vs HKSE:00909: 32.18

Ming Yuan Cloud Group Holdings Cash-to-Debt Historical Data

The historical data trend for Ming Yuan Cloud Group Holdings'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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Ming Yuan Cloud Group Holdings Cash-to-Debt Chart

Ming Yuan Cloud Group Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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16.70

111.85

56.31

20.78

32.18

Ming Yuan Cloud Group Holdings Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial							56.31	20.02	20.78	28.25	32.18

Competitive Comparison of Ming Yuan Cloud Group Holdings's Cash-to-Debt

For the Software - Application subindustry, Ming Yuan Cloud Group Holdings'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.

Ming Yuan Cloud Group Holdings's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, Ming Yuan Cloud Group Holdings's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Ming Yuan Cloud Group Holdings's Cash-to-Debt falls into.

Ming Yuan Cloud Group Holdings 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.

Ming Yuan Cloud Group Holdings'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)
	=	4665.456	/	(46.632	+	98.352)
	=	32.18

Ming Yuan Cloud Group Holdings's Cash to Debt Ratio for the quarter 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)
	=	4665.456	/	(46.632	+	98.352)
	=	32.18

Ming Yuan Cloud Group Holdings (HKSE:00909) 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.

Ming Yuan Cloud Group Holdings Cash-to-Debt Related Terms

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Ming Yuan Cloud Group Holdings (HKSE:00909) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ming Yuan Cloud Group Holdings Ltd (HKSE:00909) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 Gaoxin South 4th Road, 501-509, East Block, Nanshan District, Skyworth Semiconductor Design Building, Gaoxin Community, Yuehai Subdistrict, Shenzhen, CHN

Website

https://www.mingyuanyun.com

Ming Yuan Cloud Group Holdings Ltd is a provider of enterprise-grade ERP solutions and SaaS products to property developers and other industry participants along the real estate value chain in China. The company's ERP solutions and SaaS products enable property developers and other real estate industry participants such as construction materials suppliers and property asset management companies to streamline and digitalize their business operations. It generates maximum revenue from the SaaS products segment.

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