Cados (TSE:211A) Cash-to-Debt : 1.17 (As of Jul. 2024)

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What is Cados 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. Cados's cash to debt ratio for the quarter that ended in Jul. 2024 was 1.17.

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, Cados could pay off its debt using the cash in hand for the quarter that ended in Jul. 2024.

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

TSE:211A' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.51 Med: 0.54 Max: 1.17
Current: 1.17

During the past 3 years, Cados's highest Cash to Debt Ratio was 1.17. The lowest was 0.51. And the median was 0.54.

TSE:211A's Cash-to-Debt is ranked better than
62.79% of 1728 companies
in the Construction industry
Industry Median: 0.63 vs TSE:211A: 1.17

Cados Cash-to-Debt Historical Data

The historical data trend for Cados'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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Cados Cash-to-Debt Chart

Cados Annual Data

Trend

Jul22

Jul23

Jul24

Cash-to-Debt

0.54

0.51

1.17

Cados Semi-Annual Data
	Jul22	Jul23	Jul24
Cash-to-Debt	0.54	0.51	1.17

Competitive Comparison of Cados's Cash-to-Debt

For the Engineering & Construction subindustry, Cados'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.

Cados's Cash-to-Debt Distribution in the Construction Industry

For the Construction industry and Industrials sector, Cados's Cash-to-Debt distribution charts can be found below:

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

Cados 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.

Cados's Cash to Debt Ratio for the fiscal year that ended in Jul. 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)
	=	2443.971	/	(256.222	+	1838.311)
	=	1.17

Cados's Cash to Debt Ratio for the quarter that ended in Jul. 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)
	=	2443.971	/	(256.222	+	1838.311)
	=	1.17

Cados (TSE:211A) 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.

Cados Cash-to-Debt Related Terms

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Cados Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Cados Corp (TSE:211A) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

7-17 Ogorikoganemachi, Ogori, Yamaguchi Prefecture, Yamaguchi, JPN, 754-0021

Website

https://www.cados.jp

Cados Corp is an engineering and construction company. It is engaged in Architectural construction work, Civil engineering work, Architectural and civil engineering planning, design and consulting, Real estate buying and selling, leasing, brokerage and management.

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