Beijing Airdoc Technology Co (HKSE:02251) Cash-to-Debt : 116.82 (As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Beijing Airdoc 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 Airdoc Technology Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 116.82.

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 Airdoc Technology Co 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 Beijing Airdoc Technology Co's Cash-to-Debt or its related term are showing as below:

HKSE:02251' s Cash-to-Debt Range Over the Past 10 Years
Min: 116.82 Med: 217.76 Max: 722.24
Current: 116.82

During the past 5 years, Beijing Airdoc Technology Co's highest Cash to Debt Ratio was 722.24. The lowest was 116.82. And the median was 217.76.

HKSE:02251's Cash-to-Debt is ranked better than
92.47% of 664 companies
in the Healthcare Providers & Services industry
Industry Median: 0.69 vs HKSE:02251: 116.82

Beijing Airdoc Technology Co Cash-to-Debt Historical Data

The historical data trend for Beijing Airdoc 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.

* Premium members only.

Beijing Airdoc Technology Co Cash-to-Debt Chart

Beijing Airdoc Technology Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

338.34

722.24

217.76

195.06

116.82

Beijing Airdoc Technology Co Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial				217.76	194.75	195.06	101.65	116.82

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

For the Health Information Services subindustry, Beijing Airdoc 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 Airdoc Technology Co's Cash-to-Debt Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Beijing Airdoc Technology Co's Cash-to-Debt distribution charts can be found below:

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

Beijing Airdoc 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 Airdoc 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)
	=	1197.836	/	(9.431	+	0.823)
	=	116.82

Beijing Airdoc Technology Co'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)
	=	1197.836	/	(9.431	+	0.823)
	=	116.82

Beijing Airdoc Technology Co (HKSE:02251) 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 Airdoc Technology Co Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Beijing Airdoc Technology Co's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Beijing Airdoc Technology Co (HKSE:02251) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Beijing Airdoc Technology Co Ltd (HKSE:02251) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

West Third Ring North Road, Room 21, 4th Floor, Building 2, A2 Yard, Haidian District, Beijing, CHN

Website

https://www.airdoc.com

Beijing Airdoc Technology Co Ltd provides AI-empowered retina-based early detection, diagnosis and health risk assessment solutions in China. Leveraging retinal imaging, multimodal data analyses and AI deep learning algorithms, the company's solution differs from traditional chronic disease early detection and diagnosis, enabling non-invasive, accurate, fast, effective and scalable detection and diagnosis of chronic diseases in both medical institutions and consumer healthcare providers. The Company derives revenue principally from the provision of AI-based software solutions, sales of hardware devices and other services.

Beijing Airdoc Technology Co (HKSE:02251) Headlines

No Headlines