Cheche Group (Cheche Group) Cash-to-Debt : 10.77 (As of Dec. 2022)

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What is Cheche Group 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. Cheche Group's cash to debt ratio for the quarter that ended in Dec. 2022 was 10.77.

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, Cheche Group could pay off its debt using the cash in hand for the quarter that ended in Dec. 2022.

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

CCG' s Cash-to-Debt Range Over the Past 10 Years
Min: 9.03 Med: 10.77 Max: 11.62
Current: 9.03

During the past 3 years, Cheche Group's highest Cash to Debt Ratio was 11.62. The lowest was 9.03. And the median was 10.77.

CCG's Cash-to-Debt is ranked better than
60.75% of 586 companies
in the Interactive Media industry
Industry Median: 4.6 vs CCG: 9.03

Cheche Group Cash-to-Debt Historical Data

The historical data trend for Cheche Group'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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Cheche Group Cash-to-Debt Chart

Cheche Group Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

11.62

10.77

9.03

Cheche Group Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Dec23
Cash-to-Debt	N/A	11.62	15.09	10.77	9.03

Competitive Comparison of Cheche Group's Cash-to-Debt

For the Internet Content & Information subindustry, Cheche Group'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.

Cheche Group's Cash-to-Debt Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Cheche Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Cheche Group's Cash-to-Debt falls into.

Cheche Group 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.

Cheche Group'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)
	=	37.095	/	(3.354	+	0.756)
	=	9.03

Cheche Group's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	21.482	/	(1.101	+	0.893)
	=	10.77

Cheche Group (NAS:CCG) 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.

Cheche Group Cash-to-Debt Related Terms

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Cheche Group (Cheche Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Cheche Group Inc (NAS:CCG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

13-1 Deshengmenwai Avenue, 8th Floor, Desheng Hopson Fortune Plaza, Xicheng, Beijing, CHN, 100088

Website

https://www.chechegroup.com

Cheche Group Inc is an insurtech company. It is China's independent technology-empowered platform for auto insurance transaction services by digital auto insurance transaction premiums and insurance technology companies. The company has reshaped the traditional auto insurance distribution and services value chain to create a digital platform by improving operational efficiencies, reducing transaction costs, and expanding distribution channels. Its business scope ranges from digital insurance transactions, SaaS platforms for insurance intermediaries, AI-driven insurance pricing and underwriting services, auto insurance services for new energy vehicle (NEV) manufacturers, green auto insurance innovations, etc.

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