CVS Bay Area (TSE:2687) Cash-to-Debt : 0.38 (As of Nov. 2023)

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What is CVS Bay Area 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. CVS Bay Area's cash to debt ratio for the quarter that ended in Nov. 2023 was 0.38.

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, CVS Bay Area couldn't pay off its debt using the cash in hand for the quarter that ended in Nov. 2023.

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

TSE:2687' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.27 Med: 0.41 Max: 1.65
Current: 0.38

During the past 13 years, CVS Bay Area's highest Cash to Debt Ratio was 1.65. The lowest was 0.27. And the median was 0.41.

TSE:2687's Cash-to-Debt is ranked worse than
54.55% of 308 companies
in the Retail - Defensive industry
Industry Median: 0.455 vs TSE:2687: 0.38

CVS Bay Area Cash-to-Debt Historical Data

The historical data trend for CVS Bay Area'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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CVS Bay Area Cash-to-Debt Chart

CVS Bay Area Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Cash-to-Debt

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1.31

0.38

0.40

0.36

0.40

CVS Bay Area Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Cash-to-Debt	Get a 7-Day Free Trial															0.40	0.40	0.44	0.38	0.38

Competitive Comparison of CVS Bay Area's Cash-to-Debt

For the Grocery Stores subindustry, CVS Bay Area'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.

CVS Bay Area's Cash-to-Debt Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, CVS Bay Area's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where CVS Bay Area's Cash-to-Debt falls into.

CVS Bay Area 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.

CVS Bay Area's Cash to Debt Ratio for the fiscal year that ended in Feb. 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)
	=	1772.179	/	(2029.988	+	2448.529)
	=	0.40

CVS Bay Area's Cash to Debt Ratio for the quarter that ended in Nov. 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)
	=	1826.205	/	(2586.546	+	2228.981)
	=	0.38

CVS Bay Area (TSE:2687) 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.

CVS Bay Area Cash-to-Debt Related Terms

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

CVS Bay Area (TSE:2687) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » CVS Bay Area Inc (TSE:2687) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-7-1 Nakase Mihama Ward, 26th floor, CVS Bay Area Building, Chiba, JPN, 261-0023

Website

http://www.cvs-bayarea.co.jp

CVS Bay Area Inc engaged in operating convenience store named Lawson and business hotel named Bay Hotel. The company is also engaged in mansion front business at condominiums and reception and office butler service for enterprise, and cleaning business.

CVS Bay Area (TSE:2687) Headlines

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