Caica Digital (TSE:2315) Cash-to-Debt : 24.74 (As of Jan. 2024)

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What is Caica Digital 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. Caica Digital's cash to debt ratio for the quarter that ended in Jan. 2024 was 24.74.

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, Caica Digital could pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

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

TSE:2315' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09 Med: 1.55 Max: 24.74
Current: 24.74

During the past 13 years, Caica Digital's highest Cash to Debt Ratio was 24.74. The lowest was 0.09. And the median was 1.55.

TSE:2315's Cash-to-Debt is ranked better than
76.53% of 2799 companies
in the Software industry
Industry Median: 2.47 vs TSE:2315: 24.74

Caica Digital Cash-to-Debt Historical Data

The historical data trend for Caica Digital'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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Caica Digital Cash-to-Debt Chart

Caica Digital Annual Data

Trend

Mar14

Mar15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Cash-to-Debt

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0.84

4.10

4.77

5.25

19.78

Caica Digital Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial															5.94	10.80	9.56	19.78	24.74

Competitive Comparison of Caica Digital's Cash-to-Debt

For the Information Technology Services subindustry, Caica Digital'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.

Caica Digital's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, Caica Digital's Cash-to-Debt distribution charts can be found below:

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

Caica Digital 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.

Caica Digital's Cash to Debt Ratio for the fiscal year that ended in Oct. 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)
	=	1384.906	/	(70	+	0)
	=	19.78

Caica Digital's Cash to Debt Ratio for the quarter that ended in Jan. 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)
	=	1236.96	/	(50	+	0)
	=	24.74

Caica Digital (TSE:2315) 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.

Caica Digital Cash-to-Debt Related Terms

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Caica Digital (TSE:2315) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Caica Digital Inc (TSE:2315) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Cross Air Tower, 1-5-1 Ohashi, Meguro-ku, Tokyo, JPN, 153-0044

Website

http://www.caica.jp

Caica Digital Inc is a Japanese company engaged in providing information services such as system development, offshore development, infrastructure, and provision of system-related consulting and maintenance support services. CAICA develops systems that include business package software development and distribution for information service providers. It offers industry solutions for banks, insurance, securities, department stores, convenience stores and transportation industry.

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