Gospell Digital Technology Co (SZSE:002848) Cash-to-Debt : 0.33 (As of Mar. 2024)

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What is Gospell Digital 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. Gospell Digital Technology Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.33.

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, Gospell Digital Technology Co couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

SZSE:002848' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.21 Med: 0.53 Max: 3.17
Current: 0.33

During the past 13 years, Gospell Digital Technology Co's highest Cash to Debt Ratio was 3.17. The lowest was 0.21. And the median was 0.53.

SZSE:002848's Cash-to-Debt is ranked worse than
81.36% of 2473 companies
in the Hardware industry
Industry Median: 1.34 vs SZSE:002848: 0.33

Gospell Digital Technology Co Cash-to-Debt Historical Data

The historical data trend for Gospell Digital 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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Gospell Digital Technology Co Cash-to-Debt Chart

Gospell Digital Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.55

0.59

0.23

0.25

1.01

Gospell Digital 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															0.87	0.91	1.29	1.01	0.33

Competitive Comparison of Gospell Digital Technology Co's Cash-to-Debt

For the Communication Equipment subindustry, Gospell Digital 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.

Gospell Digital Technology Co's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Gospell Digital Technology Co's Cash-to-Debt distribution charts can be found below:

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

Gospell Digital 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.

Gospell Digital 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)
	=	18.418	/	(14.992	+	3.231)
	=	1.01

Gospell Digital 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)
	=	15.281	/	(43.986	+	2.809)
	=	0.33

Gospell Digital Technology Co (SZSE:002848) 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.

Gospell Digital Technology Co Cash-to-Debt Related Terms

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Gospell Digital Technology Co (SZSE:002848) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Gospell Digital Technology Co Ltd (SZSE:002848) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Gossberg Industrial Park, Guanshandong Street, Suxian District, Hunan Province, Chenzhou, CHN, 423038

Website

http://www.gospell.com

Gospell Digital Technology Co Ltd researches, develops, produces, and sells of digital television hardware and software products. The company offers headend products, including encoders and transcoders, receivers and decoders, QAM and IPQAM products, and multiplexers and scramblers; software systems, such as conditional access systems, as well as operation and set-top boxes; and RF and IP/ASI multiviewers. It also provides DTT transmitters; satellite TVRO antennas. Further, it provides content protection, DTV+OTT, DTH and DTT turnkey, FTTx, and video distribution solutions; and technical support services.

Executives

Hao Jian Qing	Executives
You Zong Jie	Director
Ma Gang	Executives
Deng Wan Neng	Executives
Wei Hong Wen	Executives
Liu Chun Bao	Directors, executives
Ou Yang Jian Kang	Executives
Liu Wei	Director
Chen Xiao Wen	Director
Hu Li Qin	Executives
Wang Chun	Secretary, Director
Liu Bing Yu	Supervisors
Liu Tan Ai	Director
Chen Fan	Supervisors
Zhao Mu Lin	Executives

Gospell Digital Technology Co (SZSE:002848) Headlines

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