West Holdings (TSE:1407) Cash-to-Debt : 0.53 (As of Feb. 2024)

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What is West Holdings 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. West Holdings's cash to debt ratio for the quarter that ended in Feb. 2024 was 0.53.

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, West Holdings couldn't pay off its debt using the cash in hand for the quarter that ended in Feb. 2024.

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

TSE:1407' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.44 Med: 0.71 Max: 1.06
Current: 0.53

During the past 13 years, West Holdings's highest Cash to Debt Ratio was 1.06. The lowest was 0.44. And the median was 0.71.

TSE:1407's Cash-to-Debt is ranked better than
69.01% of 426 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.215 vs TSE:1407: 0.53

West Holdings Cash-to-Debt Historical Data

The historical data trend for West Holdings'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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West Holdings Cash-to-Debt Chart

West Holdings Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Cash-to-Debt

Get a 7-Day Free Trial

0.68

0.64

0.67

0.47

0.59

West Holdings 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															0.57	0.54	0.59	0.56	0.53

Competitive Comparison of West Holdings's Cash-to-Debt

For the Utilities - Renewable subindustry, West Holdings'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.

West Holdings's Cash-to-Debt Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, West Holdings's Cash-to-Debt distribution charts can be found below:

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

West Holdings 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.

West Holdings's Cash to Debt Ratio for the fiscal year that ended in Aug. 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)
	=	46150	/	(18006	+	60248)
	=	0.59

West Holdings'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)
	=	41860	/	(19285	+	59869)
	=	0.53

West Holdings (TSE:1407) 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.

West Holdings Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of West Holdings's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

West Holdings (TSE:1407) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » West Holdings Corp (TSE:1407) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-20-2 Nishi-Shinjuku, Tokyo Opera City Building 32 Floor, Shinjuku-ku, Tokyo, JPN, 163-1432

Website

http://www.west-gr.co.jp

West Holdings Corp is engaged in the solar power generation. The company generates solar power for municipalities, residential and industrial use. Its business activities are divided into different divisions including Stadtberg business, Solar power generation for municipalities, special high-pressure solar power generation, Industrial solar power generation, Residential solar power generation, O & M (operation and management), Sales of electricity and Esco Business. Stadtberg division provides consulting and operation support for infrastructure services centered on renewable energy. O & M division monitors the photovoltaic power plant and maintains the maximum amount of power generation. Its Esco division provides various energy-saving measures.

West Holdings (TSE:1407) Headlines

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