Ship Healthcare Holdings Co (TSE:3360) Cash-to-Debt : 1.53 (As of Dec. 2023)

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What is Ship Healthcare Holdings 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. Ship Healthcare Holdings Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.53.

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, Ship Healthcare Holdings Co could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Ship Healthcare Holdings Co's Cash-to-Debt or its related term are showing as below:

TSE:3360' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.54 Med: 1.26 Max: 1.53
Current: 1.53

During the past 13 years, Ship Healthcare Holdings Co's highest Cash to Debt Ratio was 1.53. The lowest was 0.54. And the median was 1.26.

TSE:3360's Cash-to-Debt is ranked worse than
53.43% of 861 companies
in the Medical Devices & Instruments industry
Industry Median: 1.91 vs TSE:3360: 1.53

Ship Healthcare Holdings Co Cash-to-Debt Historical Data

The historical data trend for Ship Healthcare Holdings 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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Ship Healthcare Holdings Co Cash-to-Debt Chart

Ship Healthcare Holdings Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

Get a 7-Day Free Trial

1.08

1.22

1.19

1.27

1.14

Ship Healthcare Holdings Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															1.25	1.14	1.37	1.37	1.53

Competitive Comparison of Ship Healthcare Holdings Co's Cash-to-Debt

For the Medical Instruments & Supplies subindustry, Ship Healthcare Holdings 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.

Ship Healthcare Holdings Co's Cash-to-Debt Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Ship Healthcare Holdings Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Ship Healthcare Holdings Co's Cash-to-Debt falls into.

Ship Healthcare Holdings 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.

Ship Healthcare Holdings 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)
	=	83941	/	(32367	+	41571)
	=	1.14

Ship Healthcare Holdings 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)
	=	84280	/	(16662	+	38543)
	=	1.53

Ship Healthcare Holdings Co (TSE:3360) 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.

Ship Healthcare Holdings Co Cash-to-Debt Related Terms

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Ship Healthcare Holdings Co (TSE:3360) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Ship Healthcare Holdings Co Ltd (TSE:3360) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

5EZ:Germany

Address

3-20-8,Kasuga, Suita, Osaka, JPN, 565-0853

Website

http://www.shiphd.co.jp

Ship Healthcare Holdings Co Ltd is a Japanese company engaged in the healthcare business. The company's business is organized into various segments, which include Total Pack Produce Project, Medical Supply, Life Care, Dispensing Pharmacy, and Others. Through its segments, it mainly offers consulting, sales, and leasing services related to medical equipment, sale of medical materials and supplies, private nursing home services, distribution of pharmaceutical products.

Ship Healthcare Holdings Co (TSE:3360) Headlines

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