Nippon Parking Development Co (TSE:2353) Cash-to-Debt : 1.01 (As of Jan. 2025)

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What is Nippon Parking Development 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. Nippon Parking Development Co's cash to debt ratio for the quarter that ended in Jan. 2025 was 1.01.

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, Nippon Parking Development Co could pay off its debt using the cash in hand for the quarter that ended in Jan. 2025.

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

TSE:2353' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.01 Med: 1.46 Max: 1.88
Current: 1.01

During the past 13 years, Nippon Parking Development Co's highest Cash to Debt Ratio was 1.88. The lowest was 1.01. And the median was 1.46.

TSE:2353's Cash-to-Debt is ranked better than
59.38% of 1716 companies
in the Construction industry
Industry Median: 0.63 vs TSE:2353: 1.01

Nippon Parking Development Co Cash-to-Debt Historical Data

The historical data trend for Nippon Parking Development 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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Nippon Parking Development Co Cash-to-Debt Chart

Nippon Parking Development Co Annual Data

Trend

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Jul24

Cash-to-Debt

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1.27

1.18

1.25

1.40

1.04

Nippon Parking Development Co Quarterly Data
	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24	Jan25
Cash-to-Debt	Get a 7-Day Free Trial															1.01	1.05	1.04	1.02	1.01

Competitive Comparison of Nippon Parking Development Co's Cash-to-Debt

For the Infrastructure Operations subindustry, Nippon Parking Development 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.

Nippon Parking Development Co's Cash-to-Debt Distribution in the Construction Industry

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

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

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Nippon Parking Development 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.

Nippon Parking Development Co'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)
	=	16616.696	/	(3454.37	+	12498.55)
	=	1.04

Nippon Parking Development Co's Cash to Debt Ratio for the quarter that ended in Jan. 2025 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)
	=	16363.714	/	(4414.982	+	11726.169)
	=	1.01

Nippon Parking Development Co (TSE:2353) 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.

Nippon Parking Development Co Cash-to-Debt Related Terms

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

Nippon Parking Development Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Nippon Parking Development Co Ltd (TSE:2353) » Definitions » Cash-to-Debt

Traded in Other Exchanges

3SY:Germany

Address

Osaka Fukoku Seimei Building, 2-4 Komatsubara-cho, Kita-ku, Osaka, JPN, 530-0018

Website

http://www.n-p-d.co.jp

Nippon Parking Development Co Ltd provides car parking solutions and services. The company is engaged in providing hospitality management upgrade solutions and planning to use the unused real estate assets for parking solutions. It also provides consultation in other aspects such as depreciation, maintenance, and repair costs of parking facilities. Its client base involves building owners, parking facility owners, hotel business owners, and store owners.

Nippon Parking Development Co Headlines

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