MonoAI Technology Co (TSE:5240) Cash-to-Debt : 6.35 (As of Mar. 2024)

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What is MonoAI Technology 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. MonoAI Technology Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 6.35.

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, MonoAI Technology Co 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 MonoAI Technology Co's Cash-to-Debt or its related term are showing as below:

TSE:5240' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.27 Med: 6.04 Max: 6.58
Current: 6.35

During the past 4 years, MonoAI Technology Co's highest Cash to Debt Ratio was 6.58. The lowest was 0.27. And the median was 6.04.

TSE:5240's Cash-to-Debt is ranked better than
62.13% of 2725 companies
in the Software industry
Industry Median: 2.49 vs TSE:5240: 6.35

MonoAI Technology Co Cash-to-Debt Historical Data

The historical data trend for MonoAI Technology 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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MonoAI Technology Co Cash-to-Debt Chart

MonoAI Technology Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.27

2.95

5.83

6.16

MonoAI Technology Co Quarterly Data
	Dec20	Dec21	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial				6.04	6.58	6.09	6.16	6.35

Competitive Comparison of MonoAI Technology Co's Cash-to-Debt

For the Software - Infrastructure subindustry, MonoAI Technology 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.

MonoAI Technology Co's Cash-to-Debt Distribution in the Software Industry

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

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

MonoAI Technology 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.

MonoAI Technology Co's Cash to Debt Ratio for the fiscal year 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)
	=	941.892	/	(82.603	+	70.207)
	=	6.16

MonoAI Technology Co'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)
	=	837.653	/	(81.992	+	49.921)
	=	6.35

MonoAI Technology Co (TSE:5240) 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.

MonoAI Technology Co Cash-to-Debt Related Terms

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MonoAI Technology Co (TSE:5240) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » MonoAI Technology Co Ltd (TSE:5240) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-8-1 Sannomiya-cho, Room 34, 3rd floor, San Plaza, Chuo-ku, Hyogo, Kobe-shi, JPN, 650?0021

Website

https://www.monoai.co.jp

MonoAI Technology Co Ltd is engaged in the operation of metaverse platform name as XR CLOUD.

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