Quantumctek Co (SHSE:688027) Cash-to-Debt : 367.44 (As of Mar. 2024)

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What is Quantumctek 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. Quantumctek Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 367.44.

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, Quantumctek Co could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

SHSE:688027' s Cash-to-Debt Range Over the Past 10 Years
Min: 17.57 Med: 5221.09 Max: No Debt
Current: 367.44

During the past 8 years, Quantumctek Co's highest Cash to Debt Ratio was No Debt. The lowest was 17.57. And the median was 5221.09.

SHSE:688027's Cash-to-Debt is ranked better than
94.91% of 2476 companies
in the Hardware industry
Industry Median: 1.34 vs SHSE:688027: 367.44

Quantumctek Co Cash-to-Debt Historical Data

The historical data trend for Quantumctek 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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Quantumctek Co Cash-to-Debt Chart

Quantumctek Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

240.47

240.00

19.43

373.76

Quantumctek Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															19.30	426.34	442.19	373.76	367.44

Competitive Comparison of Quantumctek Co's Cash-to-Debt

For the Communication Equipment subindustry, Quantumctek 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.

Quantumctek Co's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Quantumctek Co's Cash-to-Debt distribution charts can be found below:

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

Quantumctek 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.

Quantumctek 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)
	=	937.019	/	(1.306	+	1.201)
	=	373.76

Quantumctek Co's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
	=	892.508	/	(1.311	+	1.118)
	=	367.44

Quantumctek Co (SHSE:688027) 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.

Quantumctek Co Cash-to-Debt Related Terms

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Quantumctek Co (SHSE:688027) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Quantumctek Co Ltd (SHSE:688027) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

800 West Wangjiang Road, Floor 1, 3, 4, 5, 6 and 7 of Building D3, High-tech Zone, Anhui Province, Hefei, CHN, 230088

Website

http://www.quantum-info.com

Quantumctek Co Ltd is engaged in production, sales and technical services of quantum communication products. The company's products include Quantum-secure Communication Network Core Equipment; Quantum-secure Application Products; Operating System Software; Core Components; and Teaching Systems & Scientific Instruments. Its solutions, products, and services are used in government, financial and energy industry, ensuring long term quantum safety to numerous users.

Executives

Ying Yong	Directors, senior managers
Tong Lu	senior management
Zhou Lei	Senior management, core technical personnel
Tang Shi Biao	Senior management, core technical personnel
Zhang Hao Min	senior management
Zhao Yong	Director, core technical staff
Zhang Jun	Directors, senior managers

Quantumctek Co (SHSE:688027) Headlines

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