Shenzhen Topway Video Communication Co (SZSE:002238) Cash-to-Debt : 1.93 (As of Mar. 2024)

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What is Shenzhen Topway Video Communication 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. Shenzhen Topway Video Communication Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.93.

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, Shenzhen Topway Video Communication 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 Shenzhen Topway Video Communication Co's Cash-to-Debt or its related term are showing as below:

SZSE:002238' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.93 Med: No Debt Max: No Debt
Current: 1.93

During the past 13 years, Shenzhen Topway Video Communication Co's highest Cash to Debt Ratio was No Debt. The lowest was 1.93. And the median was No Debt.

SZSE:002238's Cash-to-Debt is ranked better than
56.5% of 1039 companies
in the Media - Diversified industry
Industry Median: 1.28 vs SZSE:002238: 1.93

Shenzhen Topway Video Communication Co Cash-to-Debt Historical Data

The historical data trend for Shenzhen Topway Video Communication 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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Shenzhen Topway Video Communication Co Cash-to-Debt Chart

Shenzhen Topway Video Communication Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

2.94

14.16

4.22

2.14

Shenzhen Topway Video Communication 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															2.77	2.36	3.13	2.14	1.93

Competitive Comparison of Shenzhen Topway Video Communication Co's Cash-to-Debt

For the Broadcasting subindustry, Shenzhen Topway Video Communication 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.

Shenzhen Topway Video Communication Co's Cash-to-Debt Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Shenzhen Topway Video Communication Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Shenzhen Topway Video Communication Co's Cash-to-Debt falls into.

Shenzhen Topway Video Communication 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.

Shenzhen Topway Video Communication 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)
	=	1010.017	/	(288.468	+	183.676)
	=	2.14

Shenzhen Topway Video Communication 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)
	=	1003.472	/	(334.548	+	185.25)
	=	1.93

Shenzhen Topway Video Communication Co (SZSE:002238) 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.

Shenzhen Topway Video Communication Co Cash-to-Debt Related Terms

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Shenzhen Topway Video Communication Co (SZSE:002238) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Shenzhen Topway Video Communication Co Ltd (SZSE:002238) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 6001 Caitian Road, Futian District, Shenzhen, Guangdong, CHN, 518036

Website

http://www.topway.com.cn

Shenzhen Topway Video Communication Co Ltd is engaged in construction, operation, and maintenance of cable TV networks which include providing cable TV viewing services, and TV value-added services. The firm offers different family packages, broadband transfer, new installation, and new account opening.

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