Quality Online Education Group (Quality Online Education Group) Cash-to-Debt : 0.38 (As of May. 2023)

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What is Quality Online Education Group 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. Quality Online Education Group's cash to debt ratio for the quarter that ended in May. 2023 was 0.38.

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, Quality Online Education Group couldn't pay off its debt using the cash in hand for the quarter that ended in May. 2023.

The historical rank and industry rank for Quality Online Education Group's Cash-to-Debt or its related term are showing as below:

QOEG' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.33 Max: 1.12
Current: 0.38

During the past 10 years, Quality Online Education Group's highest Cash to Debt Ratio was 1.12. The lowest was 0.02. And the median was 0.33.

QOEG's Cash-to-Debt is not ranked
in the Education industry.
Industry Median: 1.21 vs QOEG: 0.38

Quality Online Education Group Cash-to-Debt Historical Data

The historical data trend for Quality Online Education Group'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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Quality Online Education Group Cash-to-Debt Chart

Quality Online Education Group Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Aug13

Aug14

Aug21

Aug22

Cash-to-Debt

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0.05

0.02

0.58

1.12

Quality Online Education Group Quarterly Data
	Mar12	Jun12	Sep12	Dec12	Mar13	Aug13	Nov13	Feb14	May14	Aug14	Nov14	Feb15	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23
Cash-to-Debt	Get a 7-Day Free Trial															N/A	1.12	0.41	0.40	0.38

Competitive Comparison of Quality Online Education Group's Cash-to-Debt

For the Education & Training Services subindustry, Quality Online Education Group'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.

Quality Online Education Group's Cash-to-Debt Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Quality Online Education Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Quality Online Education Group's Cash-to-Debt falls into.

Quality Online Education Group 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.

Quality Online Education Group's Cash to Debt Ratio for the fiscal year that ended in Aug. 2022 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)
	=	0.18	/	(0.161	+	0)
	=	1.12

Quality Online Education Group's Cash to Debt Ratio for the quarter that ended in May. 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)
	=	0.167	/	(0.442	+	0)
	=	0.38

Quality Online Education Group (OTCPK:QOEG) 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.

Quality Online Education Group Cash-to-Debt Related Terms

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

Quality Online Education Group (Quality Online Education Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Quality Online Education Group Inc (OTCPK:QOEG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

55 Commerce Valley Dr. West, Thornhill, ON, CAN, L3T7V9

Website

https://www.qualityonline.education

Quality Online Education Group Inc is a e-Learning company that provides comprehensive online English lessons to students in China and expanding to other markets where English education is sought after. The company is a pioneer and industry leader in providing real-time online small group classes. The main business scope of the Group includes K12 English Online education services, courseware development and education-technology platform development. The students achieve noticeable and quantifiable results, by delivery of quality education from passionate team of teachers and teaching assistants, based in North America and the Philippines.

Executives

Amanda Anderson	director	UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Fu Kei Man Derek	director	2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Yin Yee Tso	director, officer: Chief Operating Officer	UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Wing Yee Tong	10 percent owner	UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Lai Ying Li	director, officer: Chairman, CEO, CFO and Sec.	UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Wing Shan Tong	10 percent owner	UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Yiu Kwong Pang	director	UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR