360 Ludashi Holdings (HKSE:03601) Cash-to-Debt : 127.57 (As of Dec. 2023)

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What is 360 Ludashi 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. 360 Ludashi Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 127.57.

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, 360 Ludashi 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 360 Ludashi Holdings's Cash-to-Debt or its related term are showing as below:

HKSE:03601' s Cash-to-Debt Range Over the Past 10 Years
Min: 19.55 Med: 84.43 Max: 182.84
Current: 127.57

During the past 8 years, 360 Ludashi Holdings's highest Cash to Debt Ratio was 182.84. The lowest was 19.55. And the median was 84.43.

HKSE:03601's Cash-to-Debt is ranked better than
79.01% of 586 companies
in the Interactive Media industry
Industry Median: 4.69 vs HKSE:03601: 127.57

360 Ludashi Holdings Cash-to-Debt Historical Data

The historical data trend for 360 Ludashi 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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360 Ludashi Holdings Cash-to-Debt Chart

360 Ludashi Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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64.82

57.67

146.32

182.84

127.57

360 Ludashi Holdings Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial								146.32	202.13	182.84	371.30	127.57

Competitive Comparison of 360 Ludashi Holdings's Cash-to-Debt

For the Internet Content & Information subindustry, 360 Ludashi 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.

360 Ludashi Holdings's Cash-to-Debt Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, 360 Ludashi Holdings's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where 360 Ludashi Holdings's Cash-to-Debt falls into.

360 Ludashi 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.

360 Ludashi 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)
	=	638.605	/	(1.845	+	3.161)
	=	127.57

360 Ludashi 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)
	=	638.605	/	(1.845	+	3.161)
	=	127.57

360 Ludashi Holdings (HKSE:03601) 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.

360 Ludashi Holdings Cash-to-Debt Related Terms

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360 Ludashi Holdings (HKSE:03601) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » 360 Ludashi Holdings Ltd (HKSE:03601) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1268 Tianfu Avenue, 11th Floor, 11-24 Tianfu Software Site E1, High-tech Zone, Sichuan Province, Chengdu, CHN, 610041

Website

https://www.ludashi.com

360 Ludashi Holdings Ltd is a hardware and system benchmarking and monitoring solutions provider for PC and mobile devices in China. It is principally engaged in the online traffic monetization, electronic devices sales, provision of online advertising services, online game business, sales of smart accessories, certified pre-owned and factory smartphones and certified pre-owned and factory other electronic devices in the PRC. It derives a majority of revenue from online advertising services.

360 Ludashi Holdings (HKSE:03601) Headlines

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