Yamaichi Uniheim Real Estate Co (TSE:2984) Cash-to-Debt : 0.12 (As of Dec. 2023)

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What is Yamaichi Uniheim Real Estate 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. Yamaichi Uniheim Real Estate Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.12.

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, Yamaichi Uniheim Real Estate Co 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 Yamaichi Uniheim Real Estate Co's Cash-to-Debt or its related term are showing as below:

TSE:2984' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.07 Med: 0.14 Max: 0.21
Current: 0.12

During the past 6 years, Yamaichi Uniheim Real Estate Co's highest Cash to Debt Ratio was 0.21. The lowest was 0.07. And the median was 0.14.

TSE:2984's Cash-to-Debt is ranked worse than
67.43% of 1793 companies
in the Real Estate industry
Industry Median: 0.25 vs TSE:2984: 0.12

Yamaichi Uniheim Real Estate Co Cash-to-Debt Historical Data

The historical data trend for Yamaichi Uniheim Real Estate 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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Yamaichi Uniheim Real Estate Co Cash-to-Debt Chart

Yamaichi Uniheim Real Estate Co Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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0.14

0.13

0.14

0.21

0.19

Yamaichi Uniheim Real Estate Co Quarterly Data
	Mar18	Mar19	Dec19	Mar20	Mar21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial									0.21	0.19	0.14	0.10	0.12

Competitive Comparison of Yamaichi Uniheim Real Estate Co's Cash-to-Debt

For the Real Estate - Development subindustry, Yamaichi Uniheim Real Estate 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.

Yamaichi Uniheim Real Estate Co's Cash-to-Debt Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Yamaichi Uniheim Real Estate Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Yamaichi Uniheim Real Estate Co's Cash-to-Debt falls into.

Yamaichi Uniheim Real Estate 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.

Yamaichi Uniheim Real Estate Co's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	4773.631	/	(5603.842	+	19666.417)
	=	0.19

Yamaichi Uniheim Real Estate Co's Cash to Debt Ratio for the quarter 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)
	=	3689.349	/	(13114.197	+	17997.922)
	=	0.12

Yamaichi Uniheim Real Estate Co (TSE:2984) 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.

Yamaichi Uniheim Real Estate Co Cash-to-Debt Related Terms

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Yamaichi Uniheim Real Estate Co (TSE:2984) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Yamaichi Uniheim Real Estate Co Ltd (TSE:2984) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

Wakayama Nakanoshima 1518, Nakanoshima 801 building 5 floor, Yubinbango, Osaka, JPN, 640-8392

Website

https://www.yg801.jp

Yamaichi Real Estate Co Ltd is a real estate development company engaged in provision of sales, leasing, management and brokerage services. The company develops commercial land, business land, residential land, condominiums and rental condominiums. Its development business ranges from residential areas to business sites such as factories and warehouses, urban commercial facilities, and suburban commercial facilities.

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