Shanghai Suochen Information Technology Co (SHSE:688507) Cash-to-Debt : 175.31 (As of Mar. 2024)

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What is Shanghai Suochen Information 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. Shanghai Suochen Information Technology Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 175.31.

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, Shanghai Suochen Information 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 Shanghai Suochen Information Technology Co's Cash-to-Debt or its related term are showing as below:

SHSE:688507' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.06 Med: 5.4 Max: 351.13
Current: 175.31

During the past 5 years, Shanghai Suochen Information Technology Co's highest Cash to Debt Ratio was 351.13. The lowest was 1.06. And the median was 5.40.

SHSE:688507's Cash-to-Debt is ranked better than
86.9% of 2718 companies
in the Software industry
Industry Median: 2.43 vs SHSE:688507: 175.31

Shanghai Suochen Information Technology Co Cash-to-Debt Historical Data

The historical data trend for Shanghai Suochen Information 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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Shanghai Suochen Information Technology Co Cash-to-Debt Chart

Shanghai Suochen Information Technology Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

7.66

2.94

3.14

2.04

155.16

Shanghai Suochen Information Technology Co Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial								1.06	351.13	164.35	155.16	175.31

Competitive Comparison of Shanghai Suochen Information Technology Co's Cash-to-Debt

For the Software - Application subindustry, Shanghai Suochen Information 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.

Shanghai Suochen Information Technology Co's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, Shanghai Suochen Information Technology Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Shanghai Suochen Information Technology Co's Cash-to-Debt falls into.

Shanghai Suochen Information 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.

Shanghai Suochen Information 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)
	=	2227.031	/	(8.397	+	5.956)
	=	155.16

Shanghai Suochen Information 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)
	=	2161.592	/	(8.654	+	3.676)
	=	175.31

Shanghai Suochen Information Technology Co (SHSE:688507) 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.

Shanghai Suochen Information Technology Co Cash-to-Debt Related Terms

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Shanghai Suochen Information Technology Co (SHSE:688507) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Shanghai Suochen Information Technology Co Ltd (SHSE:688507) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 27, Xinjinqiao Road, 2F, Building No. 13, China (Shanghai) Pilot Free Trade Zone, Shanghai, CHN, 201206

Website

http://www.demxs.com

Shanghai Suochen Information Technology Co Ltd takes simulation to lead the future, achieve customer innovation as its corporate vision, and develops engineering simulation software and related solutions independently. Suochen Technology is a high-tech enterprise focusing on CAE software R&D, sales and service. Computer Aided Engineering (CAE) refers to the use of computer software to simulate the working status and behavior of products/engineering projects based on physical models in the product/engineering design stage to predict their functional availability, reliability, efficiency and safety. performance, etc., to achieve product/engineering design optimization, to ensure that the product/project achieves the expected function and meets various performance indicators.

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