Sublime China Information Co (SZSE:301299) Cash-to-Debt : 33.42 (As of Mar. 2024)

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What is Sublime China Information 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. Sublime China Information Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 33.42.

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, Sublime China Information 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 Sublime China Information Co's Cash-to-Debt or its related term are showing as below:

SZSE:301299' s Cash-to-Debt Range Over the Past 10 Years
Min: 17.31 Med: 45.09 Max: No Debt
Current: 33.42

During the past 8 years, Sublime China Information Co's highest Cash to Debt Ratio was No Debt. The lowest was 17.31. And the median was 45.09.

SZSE:301299's Cash-to-Debt is ranked better than
78.75% of 2725 companies
in the Software industry
Industry Median: 2.49 vs SZSE:301299: 33.42

Sublime China Information Co Cash-to-Debt Historical Data

The historical data trend for Sublime China Information 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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Sublime China Information Co Cash-to-Debt Chart

Sublime China Information Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

18.39

23.21

67.45

33.65

Sublime China Information Co Quarterly Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															68.88	45.09	33.91	33.65	33.42

Competitive Comparison of Sublime China Information Co's Cash-to-Debt

For the Information Technology Services subindustry, Sublime China Information 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.

Sublime China Information Co's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, Sublime China Information Co's Cash-to-Debt distribution charts can be found below:

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

Sublime China Information 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.

Sublime China Information 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)
	=	469.534	/	(3.082	+	10.871)
	=	33.65

Sublime China Information 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)
	=	483.839	/	(3.365	+	11.113)
	=	33.42

Sublime China Information Co (SZSE:301299) 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.

Sublime China Information Co Cash-to-Debt Related Terms

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Sublime China Information Co (SZSE:301299) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sublime China Information Co Ltd (SZSE:301299) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 186, North Beijing Road, Zhangdian District, Shandong Province, Zibo, CHN, 255095

Website

https://www.sci99.com

Sublime China Information Co Ltd is commodity market data monitoring, transaction price evaluation and industry data analysis company.

Executives

Lu Hua

Directors, executives

Sublime China Information Co (SZSE:301299) Headlines

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