WiMi Hologram Cloud (WiMi Hologram Cloud) Cash-to-Debt : 15.50 (As of Dec. 2023)

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What is WiMi Hologram Cloud 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. WiMi Hologram Cloud's cash to debt ratio for the quarter that ended in Dec. 2023 was 15.50.

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, WiMi Hologram Cloud could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for WiMi Hologram Cloud's Cash-to-Debt or its related term are showing as below:

WIMI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.1 Med: 3.84 Max: 15.5
Current: 15.5

During the past 7 years, WiMi Hologram Cloud's highest Cash to Debt Ratio was 15.50. The lowest was 0.10. And the median was 3.84.

WIMI's Cash-to-Debt is ranked better than
78.98% of 1037 companies
in the Media - Diversified industry
Industry Median: 1.26 vs WIMI: 15.50

WiMi Hologram Cloud Cash-to-Debt Historical Data

The historical data trend for WiMi Hologram Cloud'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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WiMi Hologram Cloud Cash-to-Debt Chart

WiMi Hologram Cloud Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.48

3.84

8.69

13.87

15.50

WiMi Hologram Cloud Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial								8.69	35.17	13.87	12.11	15.50

Competitive Comparison of WiMi Hologram Cloud's Cash-to-Debt

For the Advertising Agencies subindustry, WiMi Hologram Cloud'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.

WiMi Hologram Cloud's Cash-to-Debt Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, WiMi Hologram Cloud's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where WiMi Hologram Cloud's Cash-to-Debt falls into.

WiMi Hologram Cloud 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.

WiMi Hologram Cloud'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)
	=	108.377	/	(1.951	+	5.041)
	=	15.50

WiMi Hologram Cloud's Cash to Debt Ratio for the quarter 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)
	=	108.377	/	(1.951	+	5.041)
	=	15.50

WiMi Hologram Cloud (NAS:WIMI) 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.

WiMi Hologram Cloud Cash-to-Debt Related Terms

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WiMi Hologram Cloud (WiMi Hologram Cloud) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » WiMi Hologram Cloud Inc (NAS:WIMI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

0BF1:Germany

Address

1st West Dawang Road, Room No.2002, Building A, Wentley Center, Chaoyang, Beijing, CHN, 100020

Website

http://ir.wimiar.com

WiMi Hologram Cloud Inc and its subsidiaries offer augmented reality (AR) based holographic services and products to cater to its customers. Its AR service and product offerings primarily consist of holographic AR advertising services and holographic AR entertainment products. It is also into the semiconductor business, in which the company provides central processing algorithm services and computer chip products to enterprise customers and the sales of comprehensive solutions for central processing algorithms and related services with software and hardware integration. The company reports in three segments: AR advertising, AR entertainment, and Semiconductor. Its geographical segments are Mainland China, Hong Kong, and International.