Japan Communications (TSE:9424) Cash-to-Debt : 40.74 (As of Dec. 2023)

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What is Japan Communications 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. Japan Communications's cash to debt ratio for the quarter that ended in Dec. 2023 was 40.74.

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

TSE:9424' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.05 Med: 11.39 Max: No Debt
Current: 40.74

During the past 13 years, Japan Communications's highest Cash to Debt Ratio was No Debt. The lowest was 1.05. And the median was 11.39.

TSE:9424's Cash-to-Debt is ranked better than
92.71% of 384 companies
in the Telecommunication Services industry
Industry Median: 0.35 vs TSE:9424: 40.74

Japan Communications Cash-to-Debt Historical Data

The historical data trend for Japan Communications'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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Japan Communications Cash-to-Debt Chart

Japan Communications Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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11.41

20.53

106.82

No Debt

91.83

Japan Communications 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															116.19	91.83	76.12	35.84	40.74

Competitive Comparison of Japan Communications's Cash-to-Debt

For the Telecom Services subindustry, Japan Communications'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.

Japan Communications's Cash-to-Debt Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Japan Communications's Cash-to-Debt distribution charts can be found below:

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

Japan Communications 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.

Japan Communications's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	1580.619	/	(0	+	17.212)
	=	91.83

Japan Communications'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)
	=	2364.511	/	(0	+	58.036)
	=	40.74

Japan Communications (TSE:9424) 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.

Japan Communications Cash-to-Debt Related Terms

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Japan Communications (TSE:9424) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Japan Communications Inc (TSE:9424) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

4-1-28 Toranomon Towers Office, 23rd Floor, Minato-ku, Tokyo, JPN, 105-0001

Website

http://www.j-com.co.jp

Japan Communications Inc is a mobile virtual network operator. It creates the next generation internet to assist industrial structure through mobile technology. The company provides mobile platforms to handset manufacturers, IP-PBX makers, system integrators, and others.

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