Avic Co (TSE:9554) Cash-to-Debt : 4.38 (As of Mar. 2024)

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What is Avic 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. Avic Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 4.38.

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, Avic Co could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

TSE:9554' s Cash-to-Debt Range Over the Past 10 Years
Min: 3.45 Med: 5.31 Max: 17.72
Current: 4.38

During the past 4 years, Avic Co's highest Cash to Debt Ratio was 17.72. The lowest was 3.45. And the median was 5.31.

TSE:9554's Cash-to-Debt is ranked better than
66.5% of 1030 companies
in the Media - Diversified industry
Industry Median: 1.255 vs TSE:9554: 4.38

Avic Co Cash-to-Debt Historical Data

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

Avic Co Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Cash-to-Debt

6.16

5.31

17.72

3.91

Avic Co Quarterly Data
	Sep20	Sep21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial						3.65	3.55	3.91	3.45	4.38

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

For the Advertising Agencies subindustry, Avic 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.

Avic Co's Cash-to-Debt Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Avic Co's Cash-to-Debt distribution charts can be found below:

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

Avic 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.

Avic 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)
	=	749.929	/	(86.992	+	105.02)
	=	3.91

Avic Co's Cash to Debt Ratio for the quarter 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)
	=	1019.613	/	(95.992	+	137.024)
	=	4.38

Avic Co (TSE:9554) 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.

Avic Co Cash-to-Debt Related Terms

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Avic Co (TSE:9554) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Avic Co Ltd (TSE:9554) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-12-32 Akasaka Minato-ku, Ark Mori Building 4th Floor, Tokyo, JPN, 107-6004

Website

https://www.avic.jp

Avic Co Ltd provides digital marketing services.

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