Bowen Fintech (LSE:BWN) Cash-to-Debt : No Debt ⁽¹⁾ (As of Oct. 2023)

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What is Bowen Fintech 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. Bowen Fintech's cash to debt ratio for the quarter that ended in Oct. 2023 was No Debt ⁽¹⁾.

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, Bowen Fintech could pay off its debt using the cash in hand for the quarter that ended in Oct. 2023.

(1) 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.

The historical rank and industry rank for Bowen Fintech's Cash-to-Debt or its related term are showing as below:

LSE:BWN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.6 Med: No Debt Max: No Debt
Current: No Debt

During the past 2 years, Bowen Fintech's highest Cash to Debt Ratio was No Debt. The lowest was 0.60. And the median was No Debt.

LSE:BWN's Cash-to-Debt is not ranked
in the Diversified Financial Services industry.
Industry Median: 2.64 vs LSE:BWN: No Debt

Bowen Fintech Cash-to-Debt Historical Data

The historical data trend for Bowen Fintech'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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Bowen Fintech Cash-to-Debt Chart

Bowen Fintech Annual Data

Trend

Apr22

Apr23

Cash-to-Debt

0.60

No Debt

Bowen Fintech Semi-Annual Data
	Apr22	Oct22	Apr23	Oct23
Cash-to-Debt	0.60	No Debt	No Debt	No Debt

Competitive Comparison of Bowen Fintech's Cash-to-Debt

For the Shell Companies subindustry, Bowen Fintech'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.

Bowen Fintech's Cash-to-Debt Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Bowen Fintech's Cash-to-Debt distribution charts can be found below:

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

Bowen Fintech 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.

Bowen Fintech's Cash to Debt Ratio for the fiscal year that ended in Apr. 2023 is calculated as:

Bowen Fintech had no debt ⁽¹⁾.

Bowen Fintech's Cash to Debt Ratio for the quarter that ended in Oct. 2023 is calculated as:

Bowen Fintech had no debt ⁽¹⁾.

Bowen Fintech (LSE:BWN) 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.

Bowen Fintech Cash-to-Debt Related Terms

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

Bowen Fintech (LSE:BWN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Bowen Fintech PLC (LSE:BWN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

C/o Ince Gordon Dadds LLP, 2 Leman Street, Aldgate Tower, London, GBR, E1 8QN

Website

https://www.ukbowen.com

Bowen Fintech PLC objective is to undertake an acquisition of a target company or asset in the technology innovations sector with a particular focus on the financial services industry.