Beijing Tongtech Co (SZSE:300379) Cash-to-Debt : 30.36 (As of Mar. 2024)

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What is Beijing Tongtech 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 Tongtech Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 30.36.

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

SZSE:300379' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.45 Med: 14.28 Max: No Debt
Current: 30.36

During the past 13 years, Beijing Tongtech Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.45. And the median was 14.28.

SZSE:300379's Cash-to-Debt is ranked better than
78.15% of 2700 companies
in the Software industry
Industry Median: 2.43 vs SZSE:300379: 30.36

Beijing Tongtech Co Cash-to-Debt Historical Data

The historical data trend for Beijing Tongtech 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 Tongtech Co Cash-to-Debt Chart

Beijing Tongtech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

3.63

10.00

10.32

1.27

30.88

Beijing Tongtech 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															0.45	11.08	11.49	30.88	30.36

Competitive Comparison of Beijing Tongtech Co's Cash-to-Debt

For the Software - Application subindustry, Beijing Tongtech 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 Tongtech Co's Cash-to-Debt Distribution in the Software Industry

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

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

Beijing Tongtech 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 Tongtech 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)
	=	2054.572	/	(64.118	+	2.417)
	=	30.88

Beijing Tongtech 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)
	=	1993.602	/	(63.993	+	1.664)
	=	30.36

Beijing Tongtech Co (SZSE:300379) 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 Tongtech Co Cash-to-Debt Related Terms

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Beijing Tongtech Co (SZSE:300379) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Beijing Tongtech Co Ltd (SZSE:300379) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 139, Fengtai Road, Room 311, Main Building, Fengtai District, Beijing, CHN, 100080

Website

http://www.tongtech.com

Beijing Tongtech Co Ltd is a Chinese provider of next-generation software infrastructure and applications. It offers solutions such as middleware, information security, big data, wireless network optimization, mobile applications products, among others. The company offered products and solutions are used various industries including financial, communications, government, energy, and transportation.

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