TOC Co (TSE:8841) Cash-to-Debt : 23.81 (As of Dec. 2023)

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What is TOC 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. TOC Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 23.81.

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

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

TSE:8841' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.32 Med: 6.61 Max: 25.67
Current: 25.67

During the past 13 years, TOC Co's highest Cash to Debt Ratio was 25.67. The lowest was 0.32. And the median was 6.61.

TSE:8841's Cash-to-Debt is ranked better than
87.82% of 1781 companies
in the Real Estate industry
Industry Median: 0.26 vs TSE:8841: 25.67

TOC Co Cash-to-Debt Historical Data

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

TOC Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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8.28

11.25

14.27

15.76

25.67

TOC Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															15.76	15.63	21.46	23.81	25.67

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

For the Real Estate Services subindustry, TOC 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.

TOC Co's Cash-to-Debt Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, TOC Co's Cash-to-Debt distribution charts can be found below:

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

TOC 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.

TOC Co's Cash to Debt Ratio for the fiscal year 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)
	=	39328	/	(1399	+	133)
	=	25.67

TOC 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)
	=	38742	/	(996	+	631)
	=	23.81

TOC Co (TSE:8841) 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.

TOC Co Cash-to-Debt Related Terms

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TOC Co (TSE:8841) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » TOC Co Ltd (TSE:8841) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

7-22-17 Nishi-Gotanda, Shinagawa-ku, Tokyo, JPN, 141-0031

Website

http://www.toc.co.jp/toc

TOC Co Ltd is a Japan-based company with three business segments: real estate, linen supply and laundry, and other. The real estate segment is engaged in planning, execution, and management of urban development projects. The linen supply and laundry segment is engaged in supplying various linens used in hotels and restaurants, and offering dry cleaning services. The other segment contains a pharmaceuticals business, operates a sports club and a bathing facility, includes retail and restaurant businesses, and engages in building maintenance services. The company generates most of its revenue from the real estate segment.

TOC Co (TSE:8841) Headlines

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