GMO Internet group (FRA:IQ3) Cash-to-Debt : 0.86 (As of Dec. 2023)

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What is GMO Internet group 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. GMO Internet group's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.86.

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

FRA:IQ3' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.84 Med: 1.1 Max: 2.37
Current: 0.86

During the past 13 years, GMO Internet group's highest Cash to Debt Ratio was 2.37. The lowest was 0.84. And the median was 1.10.

FRA:IQ3's Cash-to-Debt is ranked better than
66.23% of 385 companies
in the Telecommunication Services industry
Industry Median: 0.35 vs FRA:IQ3: 0.86

GMO Internet group Cash-to-Debt Historical Data

The historical data trend for GMO Internet group'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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GMO Internet group Cash-to-Debt Chart

GMO Internet group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.11

1.10

0.84

0.90

0.86

GMO Internet group 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															0.90	0.90	0.85	0.81	0.86

Competitive Comparison of GMO Internet group's Cash-to-Debt

For the Telecom Services subindustry, GMO Internet group'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.

GMO Internet group's Cash-to-Debt Distribution in the Telecommunication Services Industry

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

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

GMO Internet group 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.

GMO Internet group's Cash to Debt Ratio for the fiscal year 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)
	=	2590.297	/	(1321.675	+	1694.413)
	=	0.86

GMO Internet group'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)
	=	2590.297	/	(1321.675	+	1694.413)
	=	0.86

GMO Internet group (FRA:IQ3) 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.

GMO Internet group Cash-to-Debt Related Terms

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GMO Internet group (FRA:IQ3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » GMO Internet group Inc (FRA:IQ3) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

GMOYF:USA 9449:Japan IQ3:Germany

Address

Cerulean Tower 4th-14th floors, 26-1 Sakuragaokacho, Shibuya ku, Tokyo, JPN

Website

http://www.gmo.jp

GMO Internet group Inc operates through four main segments, Internet infrastructure, Online advertising and media, Internet securities, and Cryptocurrency. Internet infrastructure, the largest segment, provides basic Internet services, such as domain hosting and e-commerce payments. Online advertising and media segment provides marketing services for online businesses. The Internet securities division provides consumer financial services, and the Cryptocurrency segment operates business pertaining to mining and exchange of cryptocurrency. The company generates the vast majority of revenue in Japan.

GMO Internet group (FRA:IQ3) Headlines

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