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Kingland Technology Co (SZSE:000711) Cash-to-Debt : 34.16 (As of Mar. 2024)


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What is Kingland 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. Kingland Technology Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 34.16.

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

SZSE:000711' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02   Med: 0.15   Max: No Debt
Current: 34.16

During the past 13 years, Kingland Technology Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.02. And the median was 0.15.

SZSE:000711's Cash-to-Debt is ranked better than
88.46% of 1785 companies
in the Real Estate industry
Industry Median: 0.26 vs SZSE:000711: 34.16

Kingland Technology Co Cash-to-Debt Historical Data

The historical data trend for Kingland 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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Kingland Technology Co Cash-to-Debt Chart

Kingland Technology Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash-to-Debt
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.16 0.12 0.05 0.06 57.23

Kingland 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.04 0.03 0.04 57.23 34.16

Competitive Comparison of Kingland Technology Co's Cash-to-Debt

For the Real Estate Services subindustry, Kingland 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.


Kingland Technology Co's Cash-to-Debt Distribution in the Real Estate Industry

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

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



Kingland 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.

Kingland Technology Co's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Kingland Technology Co's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

* 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.


Kingland Technology Co  (SZSE:000711) 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.


Kingland Technology Co Cash-to-Debt Related Terms

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Kingland Technology Co (SZSE:000711) Business Description

Traded in Other Exchanges
N/A
Address
No. 45 Tianhe Road, Tianlun Building, 25th Floor, Guangzhou, Guangdong, CHN, 510060
Kingland Technology Co Ltd specializes in property leasing and management in China.
Executives
Wang Hai Dong Directors, executives
Li Gui Rong Executives
Wu Li Ji Executives
Yin Xiao Dong Executives
Liu Xin Directors, executives
Gao Wei Executives
Guo Yuan Yuan Executives
Chen Fang Qing Independent director
Liu Jie Securities Affairs Representative

Kingland Technology Co (SZSE:000711) Headlines

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