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Quantum Solutions Co (TSE:2338) Cash-to-Debt : No Debt (1) (As of Aug. 2024)


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What is Quantum Solutions 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. Quantum Solutions Co's cash to debt ratio for the quarter that ended in Aug. 2024 was No Debt (1).

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, Quantum Solutions Co could pay off its debt using the cash in hand for the quarter that ended in Aug. 2024.

(1) 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.

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

TSE:2338' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.61   Med: 2.99   Max: No Debt
Current: 2.87

During the past 13 years, Quantum Solutions Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.61. And the median was 2.99.

TSE:2338's Cash-to-Debt is ranked better than
53.04% of 2796 companies
in the Software industry
Industry Median: 2.33 vs TSE:2338: 2.87

Quantum Solutions Co Cash-to-Debt Historical Data

The historical data trend for Quantum Solutions 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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Quantum Solutions Co Cash-to-Debt Chart

Quantum Solutions Co Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Cash-to-Debt
Get a 7-Day Free Trial Premium Member Only Premium Member Only No Debt 2.64 No Debt No Debt No Debt

Quantum Solutions Co Quarterly Data
Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only No Debt No Debt No Debt 3.16 No Debt

Competitive Comparison of Quantum Solutions Co's Cash-to-Debt

For the Information Technology Services subindustry, Quantum Solutions 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.


Quantum Solutions Co's Cash-to-Debt Distribution in the Software Industry

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

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



Quantum Solutions 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.

Quantum Solutions Co's Cash to Debt Ratio for the fiscal year that ended in Feb. 2024 is calculated as:

Quantum Solutions Co had no debt (1).

Quantum Solutions Co's Cash to Debt Ratio for the quarter that ended in Aug. 2024 is calculated as:

Quantum Solutions Co had no debt (1).

* 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.


Quantum Solutions Co  (TSE:2338) 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.


Quantum Solutions Co Cash-to-Debt Related Terms

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Quantum Solutions Co Business Description

Traded in Other Exchanges
N/A
Address
1-10-9 Kudan Kita, Kudan VIGAS Building, 3rd Floor, Chiyoda-ku, Tokyo, JPN, 102-0073
Quantum Solutions Co Ltd engages in fintech business, content development and delivery, and software outsourcing development. It also develops and distributes content; and offers business and technical consulting, internet, business construction, and project support services.

Quantum Solutions Co Headlines

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