Tosei (TSE:8923) Cash-to-Debt : 0.27 (As of Feb. 2024)

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What is Tosei 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. Tosei's cash to debt ratio for the quarter that ended in Feb. 2024 was 0.27.

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

TSE:8923' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.25 Med: 0.35 Max: 0.41
Current: 0.27

During the past 13 years, Tosei's highest Cash to Debt Ratio was 0.41. The lowest was 0.25. And the median was 0.35.

TSE:8923's Cash-to-Debt is ranked better than
51.65% of 1793 companies
in the Real Estate industry
Industry Median: 0.25 vs TSE:8923: 0.27

Tosei Cash-to-Debt Historical Data

The historical data trend for Tosei'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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Tosei Cash-to-Debt Chart

Tosei Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Cash-to-Debt

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0.36

0.41

0.29

0.25

0.27

Tosei 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															0.30	0.34	0.32	0.27	0.27

Competitive Comparison of Tosei's Cash-to-Debt

For the Real Estate - Diversified subindustry, Tosei'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.

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

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

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

Tosei 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.

Tosei's Cash to Debt Ratio for the fiscal year 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)
	=	39197.843	/	(13783.385	+	132804.369)
	=	0.27

Tosei'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)
	=	39342.101	/	(15315.905	+	128122.527)
	=	0.27

Tosei (TSE:8923) 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.

Tosei Cash-to-Debt Related Terms

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

Tosei (TSE:8923) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Tosei Corp (TSE:8923) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

4-2-3 Toranomon, Toranomon Tosei Building, Minato-ku, Tokyo, JPN, 105-0001

Website

http://www.toseicorp.co.jp

Tosei Corp is a real estate company. The company's business segment includes Revitalization; Development; Rental; Fund and Consulting; Property Management and Hotel Business. In the Development Business, it examines the characteristics of acquired land and determines the use that will maximize its value, choosing from a diverse product lineup that includes office buildings, commercial facilities, condominiums and detached houses and hotels.

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