Good Speed Co (TSE:7676) Cash-to-Debt : 0.06 (As of Dec. 2023)

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What is Good Speed 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. Good Speed Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.06.

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, Good Speed Co couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

TSE:7676' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.09 Max: 0.24
Current: 0.06

During the past 7 years, Good Speed Co's highest Cash to Debt Ratio was 0.24. The lowest was 0.03. And the median was 0.09.

TSE:7676's Cash-to-Debt is ranked worse than
90.49% of 1293 companies
in the Vehicles & Parts industry
Industry Median: 0.56 vs TSE:7676: 0.06

Good Speed Co Cash-to-Debt Historical Data

The historical data trend for Good Speed 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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Good Speed Co Cash-to-Debt Chart

Good Speed Co Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Cash-to-Debt

Get a 7-Day Free Trial

0.19

0.09

0.03

Good Speed Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.03	0.11	0.05	0.03	0.06

Competitive Comparison of Good Speed Co's Cash-to-Debt

For the Auto & Truck Dealerships subindustry, Good Speed 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.

Good Speed Co's Cash-to-Debt Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Good Speed Co's Cash-to-Debt distribution charts can be found below:

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

Good Speed 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.

Good Speed Co'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)
	=	816.392	/	(18010.338	+	7514.129)
	=	0.03

Good Speed Co's Cash to Debt Ratio for the quarter 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)
	=	1542.137	/	(18601.818	+	7266.948)
	=	0.06

Good Speed Co (TSE:7676) 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.

Good Speed Co Cash-to-Debt Related Terms

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

Good Speed Co (TSE:7676) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Good Speed Co Ltd (TSE:7676) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-28-23 Izumi, Higashi-ku, Takatake KANAME Building 8th Floor, Nagoya, JPN, 461-0001

Website

https://goodspeed-group.co.jp

Good Speed Co Ltd is a Japanese based company primarily involved in the automobile sector. The business activities of the group include sales of used cars, sales of parts and supplies, repair and inspection of automobiles, car rental business and others.

Good Speed Co (TSE:7676) Headlines

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