LIKE (TSE:2462) Cash-to-Debt : 0.76 (As of Nov. 2024)

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What is LIKE 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. LIKE's cash to debt ratio for the quarter that ended in Nov. 2024 was 0.76.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, LIKE couldn't pay off its debt using the cash in hand for the quarter that ended in Nov. 2024.

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

TSE:2462' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.5 Med: 0.65 Max: 2.76
Current: 0.76

During the past 13 years, LIKE's highest Cash to Debt Ratio was 2.76. The lowest was 0.50. And the median was 0.65.

TSE:2462's Cash-to-Debt is ranked better than
60.25% of 566 companies
in the Conglomerates industry
Industry Median: 0.47 vs TSE:2462: 0.76

LIKE Cash-to-Debt Historical Data

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

LIKE Annual Data

Trend

May15

May16

May17

May18

May19

May20

May21

May22

May23

May24

Cash-to-Debt

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0.75

0.57

0.65

0.73

0.77

LIKE Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Nov24
Cash-to-Debt	Get a 7-Day Free Trial															0.77	0.80	0.68	0.77	0.76

Competitive Comparison of LIKE's Cash-to-Debt

For the Conglomerates subindustry, LIKE'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.

LIKE's Cash-to-Debt Distribution in the Conglomerates Industry

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

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

LIKE 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.

LIKE's Cash to Debt Ratio for the fiscal year that ended in May. 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)
	=	9439.595	/	(4191.315	+	8119.98)
	=	0.77

LIKE's Cash to Debt Ratio for the quarter that ended in Nov. 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)
	=	8751.143	/	(4269.772	+	7313.377)
	=	0.76

LIKE (TSE:2462) 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.

LIKE Cash-to-Debt Related Terms

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LIKE Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » LIKE Inc (TSE:2462) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-12-1, Dogenzaka, Shibuya-ku, Shibuya Mark City West 17th floor, Tokyo, JPN, 150-0043

Website

https://www.like-gr.co.jp

LIKE Inc is engaged in the provision of child care and staffing services. Its services include outsourcing, temporary staffing, recruitment and education, and support services. The company operates nursery schools and after-school clubs.

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