Wise Living Technology Co (HKSE:02481) Cash-to-Debt : 0.97 (As of Dec. 2023)

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What is Wise Living 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. Wise Living Technology Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.97.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Wise Living Technology Co couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

HKSE:02481' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.08 Med: 0.28 Max: 0.97
Current: 0.97

During the past 4 years, Wise Living Technology Co's highest Cash to Debt Ratio was 0.97. The lowest was 0.08. And the median was 0.28.

HKSE:02481's Cash-to-Debt is ranked better than
75.99% of 429 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.24 vs HKSE:02481: 0.97

Wise Living Technology Co Cash-to-Debt Historical Data

The historical data trend for Wise Living 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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Wise Living Technology Co Cash-to-Debt Chart

Wise Living Technology Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.08

0.14

0.42

0.97

Wise Living Technology Co Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			0.14	N/A	0.42	0.23	0.97

Competitive Comparison of Wise Living Technology Co's Cash-to-Debt

For the Utilities - Independent Power Producers subindustry, Wise Living 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.

Wise Living Technology Co's Cash-to-Debt Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Wise Living Technology Co's Cash-to-Debt distribution charts can be found below:

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

Wise Living 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.

Wise Living 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)
	=	780.056	/	(143.88	+	662.7)
	=	0.97

Wise Living 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)
	=	780.056	/	(143.88	+	662.7)
	=	0.97

Wise Living Technology Co (HKSE:02481) 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.

Wise Living Technology Co Cash-to-Debt Related Terms

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Wise Living Technology Co (HKSE:02481) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Wise Living Technology Co Ltd (HKSE:02481) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

No. 15 Shuangliang Road, Ligang Street, Room 202, 2nd Floor, Jiangsu, Jiangyin, CHN

Website

http://www.hjkj.cn

Wise Living Technology Co Ltd is a cross-provincial heat service provider mainly operating in the Three North Region. It is principally engaged in the provision of heat services to residential and non-residential heat service customers under concession rights. In addition to its provision of heat services, which is considered as a public utility business, the company also provides heat-related; engineering construction services; and EMC services.

Executives

Galaxy Way Development Limited	2101 Beneficial owner
Gofintech Innovation Limited	2201 Interest of corporation controlled by you
Jiang Gang International Investment Company Limited	2101 Beneficial owner
Zhou Xiaoping	2201 Interest of corporation controlled by you
Jiang Yin Guo You Zi Ben Kong Gu Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Jiang Yin Guo You Zi Ben Kong Gu Ji Tuan Jin Rong Tou Zi You Xian Gong Si	2201 Interest of corporation controlled by you
Xiang Gang Xing Yi Tou Zi Guan Li You Xian Gong Si	2101 Beneficial owner

Wise Living Technology Co (HKSE:02481) Headlines

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