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Lichen China (Lichen China) Cash-to-Debt : 200.43 (As of Dec. 2023)


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What is Lichen China 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. Lichen China's cash to debt ratio for the quarter that ended in Dec. 2023 was 200.43.

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, Lichen China 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 Lichen China's Cash-to-Debt or its related term are showing as below:

LICN' s Cash-to-Debt Range Over the Past 10 Years
Min: 25.71   Med: 65.96   Max: 200.43
Current: 200.43

During the past 4 years, Lichen China's highest Cash to Debt Ratio was 200.43. The lowest was 25.71. And the median was 65.96.

LICN's Cash-to-Debt is ranked better than
91.42% of 1061 companies
in the Business Services industry
Industry Median: 1.01 vs LICN: 200.43

Lichen China Cash-to-Debt Historical Data

The historical data trend for Lichen China'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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Lichen China Cash-to-Debt Chart

Lichen China Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Cash-to-Debt
25.71 48.83 83.09 200.43

Lichen China Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Cash-to-Debt Get a 7-Day Free Trial 48.83 No Debt 83.09 123.76 200.43

Competitive Comparison of Lichen China's Cash-to-Debt

For the Specialty Business Services subindustry, Lichen China'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.

Lichen China's Cash-to-Debt Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Lichen China's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Lichen China's Cash-to-Debt falls into.


Lichen China 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.

Lichen China'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)
=25.856 / (0.095 + 0.034)
=200.43

Lichen China'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)
=25.856 / (0.095 + 0.034)
=200.43

* 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.

Lichen China  (NAS:LICN) 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.

Lichen China Cash-to-Debt Related Terms

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Lichen China (Lichen China) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Lichen China Ltd (NAS:LICN) » Definitions » Cash-to-Debt
Comparable Companies
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Traded in Other Exchanges
N/A
Address
888 Century Avenue Meiling Street, Tower 3, Jinjiang Wanda Plaza Commercial Complex, B2306, Block B, Fujian Province, Jinjiang, CHN, 362000
Website
https://www.lichenzx.com
Lichen China Ltd is a holding company. The company, along with its subsidiaries provides financial and taxation solution services; education support services; and software and maintenance services. The company generates Majority revenue from Financial and taxation solution services.