Inter Action (Inter Action) Cash-to-Debt : 7.96 (As of Feb. 2024)

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What is Inter Action 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. Inter Action's cash to debt ratio for the quarter that ended in Feb. 2024 was 7.96.

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, Inter Action could pay off its debt using the cash in hand for the quarter that ended in Feb. 2024.

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

IACYF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.87 Med: 3.36 Max: 8.84
Current: 7.96

During the past 13 years, Inter Action's highest Cash to Debt Ratio was 8.84. The lowest was 0.87. And the median was 3.36.

IACYF's Cash-to-Debt is ranked better than
75.48% of 2374 companies
in the Hardware industry
Industry Median: 1.34 vs IACYF: 7.96

Inter Action Cash-to-Debt Historical Data

The historical data trend for Inter Action'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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Inter Action Cash-to-Debt Chart

Inter Action Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Cash-to-Debt

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4.61

6.14

6.99

8.45

7.99

Inter Action 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															8.84	7.99	7.83	8.34	7.96

Competitive Comparison of Inter Action's Cash-to-Debt

For the Electronic Components subindustry, Inter Action'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.

Inter Action's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Inter Action's Cash-to-Debt distribution charts can be found below:

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

Inter Action 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.

Inter Action's Cash to Debt Ratio for the fiscal year that ended in May. 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)
	=	50.361	/	(2.947	+	3.356)
	=	7.99

Inter Action'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)
	=	43.723	/	(3.347	+	2.149)
	=	7.96

Inter Action (OTCPK:IACYF) 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.

Inter Action Cash-to-Debt Related Terms

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Inter Action (Inter Action) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Inter Action Corp (OTCPK:IACYF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

7725:Japan

Address

1-1, Fukuura, Kanazawa-ku, Yokohama-shi, Kanagawa-ken, JPN, 236-0004

Website

http://www.inter-action.co.jp

Inter Action Corp is engaged in IoT related business, environmental energy business which include drying and deodorizing equipment for exhaust gas treatment equipment, and industry 4.0 promotion project which include precision anti-vibration device, 3D modelling design, and gear testing machine.

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