Neo Marketing (TSE:4196) Cash-to-Debt : 1.36 (As of Mar. 2024)

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What is Neo Marketing 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. Neo Marketing's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.36.

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, Neo Marketing could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

TSE:4196' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.93 Med: 1.27 Max: 3.28
Current: 1.36

During the past 5 years, Neo Marketing's highest Cash to Debt Ratio was 3.28. The lowest was 0.93. And the median was 1.27.

TSE:4196's Cash-to-Debt is ranked better than
51.02% of 1031 companies
in the Media - Diversified industry
Industry Median: 1.27 vs TSE:4196: 1.36

Neo Marketing Cash-to-Debt Historical Data

The historical data trend for Neo Marketing'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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Neo Marketing Cash-to-Debt Chart

Neo Marketing Annual Data

Trend

Sep19

Sep20

Sep21

Sep22

Sep23

Cash-to-Debt

0.98

1.01

3.28

1.51

1.49

Neo Marketing Quarterly Data
	Sep19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial											1.00	1.23	1.49	1.31	1.36

Competitive Comparison of Neo Marketing's Cash-to-Debt

For the Advertising Agencies subindustry, Neo Marketing'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.

Neo Marketing's Cash-to-Debt Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Neo Marketing's Cash-to-Debt distribution charts can be found below:

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

Neo Marketing 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.

Neo Marketing's Cash to Debt Ratio for the fiscal year that ended in Sep. 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)
	=	498.31	/	(79.111	+	254.609)
	=	1.49

Neo Marketing's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
	=	636.144	/	(90.806	+	378.326)
	=	1.36

Neo Marketing (TSE:4196) 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.

Neo Marketing Cash-to-Debt Related Terms

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Neo Marketing (TSE:4196) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Neo Marketing Inc (TSE:4196) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

16-25 Nanpeidaicho, Yomeishu Building, Shibuya-ku, Tokyo, JPN, 150-0036

Website

https://www.neo-m.jp

Neo Marketing Inc is involved in the marketing consulting business.

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