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ZBAO (Zhibao Technology) Cash-to-Debt : 0.18 (As of Dec. 2023)


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What is Zhibao Technology 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. Zhibao Technology's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.18.

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, Zhibao Technology 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 Zhibao Technology's Cash-to-Debt or its related term are showing as below:

ZBAO' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05   Med: 0.18   Max: 0.45
Current: 0.18

During the past 2 years, Zhibao Technology's highest Cash to Debt Ratio was 0.45. The lowest was 0.05. And the median was 0.18.

ZBAO's Cash-to-Debt is ranked worse than
91.74% of 484 companies
in the Insurance industry
Industry Median: 1.775 vs ZBAO: 0.18

Zhibao Technology Cash-to-Debt Historical Data

The historical data trend for Zhibao Technology'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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Zhibao Technology Cash-to-Debt Chart

Zhibao Technology Annual Data
Trend Jun21 Jun22
Cash-to-Debt
0.05 0.09

Zhibao Technology Semi-Annual Data
Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Cash-to-Debt Get a 7-Day Free Trial N/A 0.09 0.45 0.31 0.18

Competitive Comparison of Zhibao Technology's Cash-to-Debt

For the Insurance Brokers subindustry, Zhibao Technology'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.


Zhibao Technology's Cash-to-Debt Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Zhibao Technology's Cash-to-Debt distribution charts can be found below:

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



Zhibao Technology 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.

Zhibao Technology's Cash to Debt Ratio for the fiscal year that ended in Jun. 2022 is calculated as:

Zhibao Technology's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

* 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.


Zhibao Technology  (NAS:ZBAO) 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.


Zhibao Technology Cash-to-Debt Related Terms

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Zhibao Technology Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
Floor 3, Building 6, Wuxing Road, Lane 727, Shanghai, CHN, 201204
Zhibao Technology Inc is a insurance technology company primarily engaged in providing digital insurance brokerage services in China. 2B2C digital embedded insurance is their innovative business model which They pioneered in China. They provide customized digital insurance solutions for B-side channels (covering a wide range of industries and organizations, including but not limited to Internet platforms, large and medium-sized enterprises, and government agencies, etc.), embedding them into the channel's existing business matrix, and providing the channel with Provide digital insurance brokerage services to C-end customers.