Shikigaku Co (TSE:7049) Cash-to-Debt : 4.27 (As of Nov. 2023)

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What is Shikigaku 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. Shikigaku Co's cash to debt ratio for the quarter that ended in Nov. 2023 was 4.27.

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, Shikigaku Co could pay off its debt using the cash in hand for the quarter that ended in Nov. 2023.

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

TSE:7049' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.63 Med: 3.23 Max: 80.54
Current: 4.27

During the past 7 years, Shikigaku Co's highest Cash to Debt Ratio was 80.54. The lowest was 1.63. And the median was 3.23.

TSE:7049's Cash-to-Debt is ranked better than
70.5% of 1061 companies
in the Business Services industry
Industry Median: 1.01 vs TSE:7049: 4.27

Shikigaku Co Cash-to-Debt Historical Data

The historical data trend for Shikigaku 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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Shikigaku Co Cash-to-Debt Chart

Shikigaku Co Annual Data

Trend

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Cash-to-Debt

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80.54

3.23

1.97

7.13

3.20

Shikigaku Co Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Cash-to-Debt	Get a 7-Day Free Trial															2.70	3.20	3.44	3.86	4.27

Competitive Comparison of Shikigaku Co's Cash-to-Debt

For the Specialty Business Services subindustry, Shikigaku 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.

Shikigaku Co's Cash-to-Debt Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Shikigaku Co's Cash-to-Debt distribution charts can be found below:

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

Shikigaku 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.

Shikigaku Co's Cash to Debt Ratio for the fiscal year that ended in Feb. 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)
	=	3214.61	/	(365.476	+	640.615)
	=	3.20

Shikigaku Co's Cash to Debt Ratio for the quarter that ended in Nov. 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)
	=	3095.046	/	(365.476	+	360.258)
	=	4.26

Shikigaku Co (TSE:7049) 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.

Shikigaku Co Cash-to-Debt Related Terms

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Shikigaku Co (TSE:7049) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Shikigaku Co Ltd (TSE:7049) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

7 Chome, 9-2 Nishi Gotanda, Shinagawa-ku, KDX Gotanda Building 4th Floor, Tokyo, JPN, 141-0031

Website

https://corp.shikigaku.jp

Shikigaku Co Ltd is engaged in providing management training services. The company offers development and provision of webs services on literature.

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