Tian Ruixiang Holdings (Tian Ruixiang Holdings) Cash-to-Debt : 359.24 (As of Apr. 2023)

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What is Tian Ruixiang Holdings 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. Tian Ruixiang Holdings's cash to debt ratio for the quarter that ended in Apr. 2023 was 359.24.

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, Tian Ruixiang Holdings could pay off its debt using the cash in hand for the quarter that ended in Apr. 2023.

The historical rank and industry rank for Tian Ruixiang Holdings's Cash-to-Debt or its related term are showing as below:

TIRX' s Cash-to-Debt Range Over the Past 10 Years
Min: 18 Med: 52.91 Max: No Debt
Current: 359.24

During the past 6 years, Tian Ruixiang Holdings's highest Cash to Debt Ratio was No Debt. The lowest was 18.00. And the median was 52.91.

TIRX's Cash-to-Debt is ranked better than
83.82% of 482 companies
in the Insurance industry
Industry Median: 1.885 vs TIRX: 359.24

Tian Ruixiang Holdings Cash-to-Debt Historical Data

The historical data trend for Tian Ruixiang Holdings'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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Tian Ruixiang Holdings Cash-to-Debt Chart

Tian Ruixiang Holdings Annual Data

Trend

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Cash-to-Debt

Get a 7-Day Free Trial

18.00

52.91

19.06

45.42

179.33

Tian Ruixiang Holdings Semi-Annual Data
	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23
Cash-to-Debt	Get a 7-Day Free Trial							54.21	45.42	64.34	179.33	359.24

Competitive Comparison of Tian Ruixiang Holdings's Cash-to-Debt

For the Insurance Brokers subindustry, Tian Ruixiang Holdings'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.

Tian Ruixiang Holdings's Cash-to-Debt Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Tian Ruixiang Holdings's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Tian Ruixiang Holdings's Cash-to-Debt falls into.

Tian Ruixiang Holdings 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.

Tian Ruixiang Holdings's Cash to Debt Ratio for the fiscal year that ended in Oct. 2022 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)
	=	26.182	/	(0.091	+	0.055)
	=	179.33

Tian Ruixiang Holdings's Cash to Debt Ratio for the quarter that ended in Apr. 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)
	=	35.924	/	(0.083	+	0.017)
	=	359.24

Tian Ruixiang Holdings (NAS:TIRX) 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.

Tian Ruixiang Holdings Cash-to-Debt Related Terms

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Tian Ruixiang Holdings (Tian Ruixiang Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Tian Ruixiang Holdings Ltd (NAS:TIRX) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

North East Third Ring Road, Room 1001, 10 / F, No. 25, Chaoyang District, Beijing, CHN

Website

http://www.tianrx.com

Tian Ruixiang Holdings Ltd is an Insurance Brokerage firm. It distributes a wide range of insurance products, which are categorized into two groups; property and casualty insurance, such as commercial property insurance, liability insurance, accidental insurance, and automobile insurance; and other insurances, such as health insurance, life insurance, and miscellaneous insurances. It also generates a small amount of revenue from risk management services. The firm act on behalf of its customers seeking insurance coverage from insurance companies. It generates revenue from the provision of insurance brokerage services.