CMGE Technology Group (HKSE:00302) Cash-to-Debt : 0.40 (As of Dec. 2023)

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What is CMGE Technology 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. CMGE Technology Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.40.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, CMGE Technology Group couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

HKSE:00302' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.4 Med: 1.64 Max: 8.54
Current: 0.4

During the past 8 years, CMGE Technology Group's highest Cash to Debt Ratio was 8.54. The lowest was 0.40. And the median was 1.64.

HKSE:00302's Cash-to-Debt is ranked worse than
82.74% of 562 companies
in the Interactive Media industry
Industry Median: 5.205 vs HKSE:00302: 0.40

CMGE Technology Group Cash-to-Debt Historical Data

The historical data trend for CMGE Technology 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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CMGE Technology Group Cash-to-Debt Chart

CMGE Technology Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.62

1.66

1.04

0.49

0.40

CMGE Technology Group Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial									1.04	0.53	0.49	0.45	0.40

Competitive Comparison of CMGE Technology Group's Cash-to-Debt

For the Electronic Gaming & Multimedia subindustry, CMGE Technology 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.

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

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

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

CMGE Technology 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.

CMGE Technology 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)
	=	230.36	/	(553.536	+	17.315)
	=	0.40

CMGE Technology Group'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)
	=	230.36	/	(553.536	+	17.315)
	=	0.40

CMGE Technology Group (HKSE:00302) 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.

CMGE Technology Group Cash-to-Debt Related Terms

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CMGE Technology Group (HKSE:00302) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » CMGE Technology Group Ltd (HKSE:00302) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Zhongkang North Road, 10th Floor, Building No. 4, Zhuoyue Meilin Center Square, Futian District, Guangdong Province, Shenzhen, CHN

Website

https://www.cmge.com

CMGE is an IP-based mobile game developer and publisher in China with 55 licensed IPs and 68 proprietary IPs as of the end of 2021. The company has over 80 games on the shelf and over 20 games with lifecycles of over three years. Average monthly active users, or MAUs, of CMGE games reached 19.1 million in 2021. The market share of CMGE for online gaming grossing income in 2021 was around 1%.

Executives

Xiao Jian	2101 Beneficial owner
Sin Hendrick	2101 Beneficial owner
Zsy Holding Company Limited	2201 Interest of corporation controlled by you
Trident Trust Company (b.v.i.) Limited	2301 Trustee
Motion Game Company Limited
Profound Power Investment Limited
Fairview Ridge Investment Limited
Changpei Investment Centre, L.p.
Ambitious Profit Investment Limited
Silver Joyce International Limited
Zhongshouyou Brothers Limited
Xiao Jian	2307 Founder of a discretionary trust who can infl
Victory Aspire Group Limited	2201 Interest of corporation controlled by you
Cmb Wing Lung (trustee) Limited	2301 Trustee
Antopex Limited	2306 Nominee for another person

CMGE Technology Group (HKSE:00302) Headlines

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