Wisdom Sports Group (HKSE:01661) Cash-to-Debt : 27.30 (As of Dec. 2023)

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What is Wisdom Sports Group 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. Wisdom Sports Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 27.30.

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, Wisdom Sports Group 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 Wisdom Sports Group's Cash-to-Debt or its related term are showing as below:

HKSE:01661' s Cash-to-Debt Range Over the Past 10 Years
Min: 21.75 Med: No Debt Max: No Debt
Current: 27.3

During the past 12 years, Wisdom Sports Group's highest Cash to Debt Ratio was No Debt. The lowest was 21.75. And the median was No Debt.

HKSE:01661's Cash-to-Debt is ranked better than
82.07% of 1032 companies
in the Media - Diversified industry
Industry Median: 1.255 vs HKSE:01661: 27.30

Wisdom Sports Group Cash-to-Debt Historical Data

The historical data trend for Wisdom Sports Group'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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Wisdom Sports Group Cash-to-Debt Chart

Wisdom Sports Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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21.75

616.67

No Debt

27.30

Wisdom Sports Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	N/A	27.30

Competitive Comparison of Wisdom Sports Group's Cash-to-Debt

For the Entertainment subindustry, Wisdom Sports Group'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.

Wisdom Sports Group's Cash-to-Debt Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Wisdom Sports Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Wisdom Sports Group's Cash-to-Debt falls into.

Wisdom Sports Group 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.

Wisdom Sports Group'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)
	=	197.407	/	(0	+	7.23)
	=	27.30

Wisdom Sports Group'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)
	=	197.407	/	(0	+	7.23)
	=	27.30

Wisdom Sports Group (HKSE:01661) 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.

Wisdom Sports Group Cash-to-Debt Related Terms

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Wisdom Sports Group (HKSE:01661) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Wisdom Sports Group (HKSE:01661) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 16, Xinyuanli Road, 7th Floor, Block 1, Kunsuo Center, Chaoyang District, Beijing, CHN, 100027

Website

https://www.wisdomsports.com.cn

Wisdom Sports Group engages in the diversified media industry and provides event services, operations, and branding services in China. The company is divided into two business segments: the Wisdom Events segment and the Wisdom Program and Branding segment. The Wisdom Events segment organizes and promotes various international and domestic sporting events. The Wisdom Program and Branding segment focuses primarily on the production, distribution, and advertisement of televised sporting events.

Executives

Ren Guozun (alias: Wen)	2201 Interest of corporation controlled by you
Hknd Limited	2101 Beneficial owner
Wang Zhihan	2201 Interest of corporation controlled by you
Queen Media Co., Ltd.	2101 Beneficial owner
Nd Medical Technology Limited	2101 Beneficial owner
Wu Meizhen	2201 Interest of corporation controlled by you

Wisdom Sports Group (HKSE:01661) Headlines

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