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Bit-isle (TSE:3811) Cash-to-Debt : 0.19 (As of Jul. 2015)


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What is Bit-isle 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. Bit-isle's cash to debt ratio for the quarter that ended in Jul. 2015 was 0.19.

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, Bit-isle couldn't pay off its debt using the cash in hand for the quarter that ended in Jul. 2015.

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

TSE:3811' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.1   Med: 0.19   Max: 0.33
Current: 0.19

During the past 8 years, Bit-isle's highest Cash to Debt Ratio was 0.33. The lowest was 0.10. And the median was 0.19.

TSE:3811's Cash-to-Debt is not ranked
in the Hardware industry.
Industry Median: 1.34 vs TSE:3811: 0.19

Bit-isle Cash-to-Debt Historical Data

The historical data trend for Bit-isle'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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Bit-isle Cash-to-Debt Chart

Bit-isle Annual Data
Trend Jul08 Jul09 Jul10 Jul11 Jul12 Jul13 Jul14 Jul15
Cash-to-Debt
Get a 7-Day Free Trial 0.19 0.19 0.33 0.33 0.19

Bit-isle Quarterly Data
Oct10 Jan11 Apr11 Jul11 Oct11 Jan12 Apr12 Jul12 Oct12 Jan13 Apr13 Jul13 Oct13 Jan14 Apr14 Jul14 Oct14 Jan15 Apr15 Jul15
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.33 0.30 0.20 0.16 0.19

Competitive Comparison of Bit-isle's Cash-to-Debt

For the Communication Equipment subindustry, Bit-isle'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.


Bit-isle's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Bit-isle's Cash-to-Debt distribution charts can be found below:

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



Bit-isle 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.

Bit-isle's Cash to Debt Ratio for the fiscal year that ended in Jul. 2015 is calculated as:

Bit-isle's Cash to Debt Ratio for the quarter that ended in Jul. 2015 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.


Bit-isle  (TSE:3811) 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.


Bit-isle Cash-to-Debt Related Terms

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Bit-isle (TSE:3811) Business Description

Traded in Other Exchanges
N/A
Address
Bit-isle Inc is engaged in the data center business, eveloping a comprehensive business IT outsourcing services to the axis 3 iDC services, managed services and solutions services.

Bit-isle (TSE:3811) Headlines

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