CETC Cyberspace Security Technology Co (SZSE:002268) Cash-to-Debt : 35.03 (As of Mar. 2024)

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What is CETC Cyberspace Security 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. CETC Cyberspace Security Technology Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 35.03.

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

SZSE:002268' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.17 Med: 118.1 Max: No Debt
Current: 35.03

During the past 13 years, CETC Cyberspace Security Technology Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.17. And the median was 118.10.

SZSE:002268's Cash-to-Debt is ranked better than
86.57% of 1065 companies
in the Business Services industry
Industry Median: 0.99 vs SZSE:002268: 35.03

CETC Cyberspace Security Technology Co Cash-to-Debt Historical Data

The historical data trend for CETC Cyberspace Security 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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CETC Cyberspace Security Technology Co Cash-to-Debt Chart

CETC Cyberspace Security Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

124.48

192.28

32.93

41.70

CETC Cyberspace Security 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															29.32	30.81	31.13	41.70	35.03

Competitive Comparison of CETC Cyberspace Security Technology Co's Cash-to-Debt

For the Security & Protection Services subindustry, CETC Cyberspace Security 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.

CETC Cyberspace Security Technology Co's Cash-to-Debt Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, CETC Cyberspace Security Technology Co's Cash-to-Debt distribution charts can be found below:

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

CETC Cyberspace Security 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.

CETC Cyberspace Security Technology 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)
	=	3285.515	/	(40.589	+	38.198)
	=	41.70

CETC Cyberspace Security Technology 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)
	=	2730.821	/	(38.264	+	39.695)
	=	35.03

CETC Cyberspace Security Technology Co (SZSE:002268) 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.

CETC Cyberspace Security Technology Co Cash-to-Debt Related Terms

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CETC Cyberspace Security Technology Co (SZSE:002268) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » CETC Cyberspace Security Technology Co Ltd (SZSE:002268) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

No. 333, Yunhua Road, High-Tech Industrial Dvelopment Zone, Sichuan, Chengdu, CHN, 610095

Website

http://www.westone.com.cn

CETC Cyberspace Security Technology Co Ltd is a China-based company that offers security-related products and services. It provides professional and autonomous network information security solutions, products, and services. It offers password products, network security products, and security information systems. The group is committed to building a life-cycle security solution from chip to system for a party and government users.

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