Japan Exchange Group (STU:OSK) Cash-to-Debt : 4.55 (As of Mar. 2024)

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What is Japan Exchange 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. Japan Exchange Group's cash to debt ratio for the quarter that ended in Mar. 2024 was 4.55.

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

STU:OSK' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.81 Med: 3.8 Max: 4.55
Current: 4.55

During the past 13 years, Japan Exchange Group's highest Cash to Debt Ratio was 4.55. The lowest was 2.81. And the median was 3.80.

STU:OSK's Cash-to-Debt is ranked better than
60.13% of 795 companies
in the Capital Markets industry
Industry Median: 1.89 vs STU:OSK: 4.55

Japan Exchange Group Cash-to-Debt Historical Data

The historical data trend for Japan Exchange 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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Japan Exchange Group Cash-to-Debt Chart

Japan Exchange Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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3.61

4.29

4.03

3.99

4.55

Japan Exchange Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															3.99	3.77	4.27	4.00	4.55

Competitive Comparison of Japan Exchange Group's Cash-to-Debt

For the Financial Data & Stock Exchanges subindustry, Japan Exchange 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.

Japan Exchange Group's Cash-to-Debt Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Japan Exchange Group's Cash-to-Debt distribution charts can be found below:

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

Japan Exchange 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.

Japan Exchange Group's Cash to Debt Ratio for the fiscal year 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)
	=	1466.591	/	(199.575	+	122.692)
	=	4.55

Japan Exchange Group'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)
	=	1466.591	/	(199.575	+	122.692)
	=	4.55

Japan Exchange Group (STU:OSK) 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 Exchange Group Cash-to-Debt Related Terms

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Japan Exchange Group (STU:OSK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Japan Exchange Group Inc (STU:OSK) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

OSCUF:USA JPXGY:USA 8697:Japan

Address

2-1 Nihombashi Kabutocho, Chuo-ku, Tokyo, JPN, 103-8224

Website

http://www.jpx.co.jp

Japan Exchange Group is a vertically integrated securities exchange business, which includes the Tokyo Stock Exchange, Osaka Exchange, and Tokyo Commodity Exchange. JPX ranks among the top five largest stock exchange operators in the world by market capitalization, and its Nikkei 225 and Topix derivatives products are some of the most widely traded derivatives products in the world.