Longduoduo Co (Longduoduo Co) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2024)

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What is Longduoduo 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. Longduoduo Co's cash to debt ratio for the quarter that ended in Mar. 2024 was No Debt ⁽¹⁾.

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, Longduoduo Co could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

(1) 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.

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

LDDD' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.37 Med: 46.07 Max: No Debt
Current: 134.5

During the past 3 years, Longduoduo Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.37. And the median was 46.07.

LDDD's Cash-to-Debt is ranked better than
93.89% of 229 companies
in the Medical Diagnostics & Research industry
Industry Median: 1.35 vs LDDD: 134.50

Longduoduo Co Cash-to-Debt Historical Data

The historical data trend for Longduoduo 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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Longduoduo Co Cash-to-Debt Chart

Longduoduo Co Annual Data

Trend

Jun21

Jun22

Jun23

Cash-to-Debt

3.00

1.97

81.21

Longduoduo Co Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial							46.07	81.21	No Debt	No Debt	No Debt

Competitive Comparison of Longduoduo Co's Cash-to-Debt

For the Diagnostics & Research subindustry, Longduoduo 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.

Longduoduo Co's Cash-to-Debt Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Longduoduo Co's Cash-to-Debt distribution charts can be found below:

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

Longduoduo 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.

Longduoduo Co's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	1.137	/	(0.007	+	0.007)
	=	81.21

Longduoduo Co's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Longduoduo Co had no debt ⁽¹⁾.

Longduoduo Co (OTCPK:LDDD) 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.

Longduoduo Co Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Longduoduo Co's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Longduoduo Co (Longduoduo Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Longduoduo Co Ltd (OTCPK:LDDD) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ordos Street, 419, Floor 4, Comprehensive Building, Second Light Hospital, Yuquan District, Inner Mongolia, Hohhot, CHN, 010000

Website

http://www.longduoduo.net

Longduoduo Co Ltd through its operating subsidiaries engaged in the business of providing preventive healthcare solutions. It provides a wide range of comprehensive preventive healthcare services including disease screening, healthcare treatments, healthcare products, and other services. The company mainly focuses on the prevention of myocardial infarction, cerebral infarction, hemiplegia, and cardiovascular and cerebrovascular diseases. The company's revenues are generated from its customers in the People's Republic of China.

Longduoduo Co (Longduoduo Co) Headlines

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Longduoduo Co (Longduoduo Co) Cash-to-Debt : No Debt (1) (As of Mar. 2024)