Beijing Bayi Space LCD Technology Co (SHSE:688181) Cash-to-Debt : 1.96 (As of Mar. 2024)

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What is Beijing Bayi Space LCD Technology 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. Beijing Bayi Space LCD Technology Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.96.

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, Beijing Bayi Space LCD Technology 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 Beijing Bayi Space LCD Technology Co's Cash-to-Debt or its related term are showing as below:

SHSE:688181' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.46 Med: 12.14 Max: No Debt
Current: 1.96

During the past 12 years, Beijing Bayi Space LCD Technology Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.46. And the median was 12.14.

SHSE:688181's Cash-to-Debt is ranked better than
57.5% of 2473 companies
in the Hardware industry
Industry Median: 1.35 vs SHSE:688181: 1.96

Beijing Bayi Space LCD Technology Co Cash-to-Debt Historical Data

The historical data trend for Beijing Bayi Space LCD Technology 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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Beijing Bayi Space LCD Technology Co Cash-to-Debt Chart

Beijing Bayi Space LCD Technology Co Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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53.62

28.73

41.40

11.53

3.19

Beijing Bayi Space LCD Technology 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															4.95	3.68	2.80	3.19	1.96

Competitive Comparison of Beijing Bayi Space LCD Technology Co's Cash-to-Debt

For the Electronic Components subindustry, Beijing Bayi Space LCD Technology 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.

Beijing Bayi Space LCD Technology Co's Cash-to-Debt Distribution in the Hardware Industry

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

* The bar in red indicates where Beijing Bayi Space LCD Technology Co's Cash-to-Debt falls into.

Beijing Bayi Space LCD Technology 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.

Beijing Bayi Space LCD Technology 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)
	=	611.321	/	(98.847	+	92.653)
	=	3.19

Beijing Bayi Space LCD Technology 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)
	=	658.994	/	(163.777	+	171.816)
	=	1.96

Beijing Bayi Space LCD Technology Co (SHSE:688181) 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.

Beijing Bayi Space LCD Technology Co Cash-to-Debt Related Terms

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Beijing Bayi Space LCD Technology Co (SHSE:688181) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Beijing Bayi Space LCD Technology Co Ltd (SHSE:688181) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

20 Liushui Road, 101, 1st-5th floors, Building 4, Yanshan East, Fangshan District, Beijing, CHN

Website

http://www.81lcd.com

Beijing Bayi Space LCD Technology Co Ltd engages in research and development, production and sales of liquid crystal display materials. The company's products are mixed liquid crystal materials such as high-performance thin film transistor TFT (Thin Film Transistor). Instrumentation and other terminal display fields. The products are used in mobile phones, notebooks, computer monitors and large-size LCD TVs.

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