Chiikishinbunsha Co (TSE:2164) Cash-to-Debt : 1.61 (As of Feb. 2024)

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What is Chiikishinbunsha Co 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. Chiikishinbunsha Co's cash to debt ratio for the quarter that ended in Feb. 2024 was 1.61.

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, Chiikishinbunsha Co 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 Chiikishinbunsha Co's Cash-to-Debt or its related term are showing as below:

TSE:2164' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.13 Med: 2.22 Max: No Debt
Current: 1.61

During the past 13 years, Chiikishinbunsha Co's highest Cash to Debt Ratio was No Debt. The lowest was 1.13. And the median was 2.22.

TSE:2164's Cash-to-Debt is ranked better than
53.73% of 1033 companies
in the Media - Diversified industry
Industry Median: 1.27 vs TSE:2164: 1.61

Chiikishinbunsha Co Cash-to-Debt Historical Data

The historical data trend for Chiikishinbunsha Co'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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Chiikishinbunsha Co Cash-to-Debt Chart

Chiikishinbunsha Co Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Cash-to-Debt

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2.85

1.23

1.17

1.44

Chiikishinbunsha Co 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															1.28	1.37	1.44	1.46	1.61

Competitive Comparison of Chiikishinbunsha Co's Cash-to-Debt

For the Publishing subindustry, Chiikishinbunsha Co'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.

Chiikishinbunsha Co's Cash-to-Debt Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Chiikishinbunsha Co's Cash-to-Debt distribution charts can be found below:

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

Chiikishinbunsha Co 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.

Chiikishinbunsha Co'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)
	=	674.126	/	(300.852	+	165.878)
	=	1.44

Chiikishinbunsha Co'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)
	=	658.645	/	(300.024	+	110.014)
	=	1.61

Chiikishinbunsha Co (TSE:2164) 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.

Chiikishinbunsha Co Cash-to-Debt Related Terms

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Chiikishinbunsha Co (TSE:2164) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Chiikishinbunsha Co Ltd (TSE:2164) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-1-1 Sakaimachi, Asahi Life Funabashi Sakaimachi Building 5th Floor, Chiba Prefecture, Funabashi, JPN, 273-0011

Website

http://www.chiikinews.co.jp

Chiikishinbunsha Co Ltd is engaged in publishing a local newspaper. It provides design and production of various types of printed matter; distribution business of various promotional products; collection, processing, and sale of various kinds of information; and business related to solicitation of life insurance and non-life insurance.

Chiikishinbunsha Co (TSE:2164) Headlines

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