Sichuan Joyou Digital Technologies Co (SZSE:301172) Cash-to-Debt : 381.48 (As of Mar. 2024)

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What is Sichuan Joyou Digital Technologies 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. Sichuan Joyou Digital Technologies Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 381.48.

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, Sichuan Joyou Digital Technologies 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 Sichuan Joyou Digital Technologies Co's Cash-to-Debt or its related term are showing as below:

SZSE:301172' s Cash-to-Debt Range Over the Past 10 Years
Min: 27.16 Med: 381.48 Max: No Debt
Current: 381.48

During the past 10 years, Sichuan Joyou Digital Technologies Co's highest Cash to Debt Ratio was No Debt. The lowest was 27.16. And the median was 381.48.

SZSE:301172's Cash-to-Debt is ranked better than
88.82% of 2718 companies
in the Software industry
Industry Median: 2.43 vs SZSE:301172: 381.48

Sichuan Joyou Digital Technologies Co Cash-to-Debt Historical Data

The historical data trend for Sichuan Joyou Digital Technologies 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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Sichuan Joyou Digital Technologies Co Cash-to-Debt Chart

Sichuan Joyou Digital Technologies Co Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

27.16

76.77

171.22

309.30

Sichuan Joyou Digital Technologies Co Quarterly Data
	Dec14	Dec16	Dec17	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															209.05	872.89	4,786.26	309.30	381.48

Competitive Comparison of Sichuan Joyou Digital Technologies Co's Cash-to-Debt

For the Information Technology Services subindustry, Sichuan Joyou Digital Technologies 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.

Sichuan Joyou Digital Technologies Co's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, Sichuan Joyou Digital Technologies Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Sichuan Joyou Digital Technologies Co's Cash-to-Debt falls into.

Sichuan Joyou Digital Technologies 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.

Sichuan Joyou Digital Technologies 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)
	=	1167.593	/	(2.284	+	1.491)
	=	309.30

Sichuan Joyou Digital Technologies 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)
	=	1141.372	/	(2.036	+	0.956)
	=	381.47

Sichuan Joyou Digital Technologies Co (SZSE:301172) 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.

Sichuan Joyou Digital Technologies Co Cash-to-Debt Related Terms

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Sichuan Joyou Digital Technologies Co (SZSE:301172) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sichuan Joyou Digital Technologies Co Ltd (SZSE:301172) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

No. 288, Tianfu 3rd Street, Chengdu High-tech Zone, No. 2-7, 12th Floor, 13th Floor, Building 1, China (Sichuan) Pilot Free Trade Zone, Chengdu, CHN, 610094

Website

http://www.joyoudigital.com

Sichuan Joyou Digital Technologies Co Ltd is a professional smart city comprehensive solution provider. Its main business is to provide products and services such as system integration services, operation and maintenance services, and self-developed product sales for customers in the smart city field. The company mainly adopts new-generation information application technologies such as the Internet of Things, cloud computing, big data, artificial intelligence, and BIM to provide customers with a smart city industry that integrates application software customization development and intelligent and information system integration services Comprehensive solutions.

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