Tokai Soft Co (TSE:4430) Cash-to-Debt : 0.89 (As of Feb. 2024)

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What is Tokai Soft 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. Tokai Soft Co's cash to debt ratio for the quarter that ended in Feb. 2024 was 0.89.

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, Tokai Soft Co couldn't pay off its debt using the cash in hand for the quarter that ended in Feb. 2024.

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

TSE:4430' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.55 Med: 1.6 Max: 15.65
Current: 0.89

During the past 7 years, Tokai Soft Co's highest Cash to Debt Ratio was 15.65. The lowest was 0.55. And the median was 1.60.

TSE:4430's Cash-to-Debt is ranked worse than
66.5% of 2725 companies
in the Software industry
Industry Median: 2.49 vs TSE:4430: 0.89

Tokai Soft Co Cash-to-Debt Historical Data

The historical data trend for Tokai Soft 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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Tokai Soft Co Cash-to-Debt Chart

Tokai Soft Co Annual Data

Trend

May17

May18

May19

May20

May21

May22

May23

Cash-to-Debt

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8.76

12.64

0.64

1.10

1.05

Tokai Soft Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash-to-Debt	Get a 7-Day Free Trial															0.77	1.05	0.82	1.12	0.89

Competitive Comparison of Tokai Soft Co's Cash-to-Debt

For the Software - Infrastructure subindustry, Tokai Soft 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.

Tokai Soft Co's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, Tokai Soft Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Tokai Soft Co's Cash-to-Debt falls into.

Tokai Soft 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.

Tokai Soft Co's Cash to Debt Ratio for the fiscal year that ended in May. 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)
	=	1475.549	/	(333.522	+	1067.207)
	=	1.05

Tokai Soft Co's Cash to Debt Ratio for the quarter that ended in Feb. 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)
	=	1010.415	/	(322.631	+	816.923)
	=	0.89

Tokai Soft Co (TSE:4430) 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.

Tokai Soft Co Cash-to-Debt Related Terms

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

Tokai Soft Co (TSE:4430) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Tokai Soft Co Ltd (TSE:4430) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-15-1 Shinmichi Nishi-ku, Nagoya, JPN, 451-0043

Website

http://www.tokai-soft.co.jp

Tokai Soft Co Ltd provides software solutions. The company is engaged in a wide range of businesses as an engineering company that combines technologies for total system construction, network and solution solutions, and support technologies that provide stable operation.

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