Neuromagic Co (TSE:251A) Cash-to-Debt : 1.66 (As of Feb. 2024)

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What is Neuromagic 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. Neuromagic Co's cash to debt ratio for the quarter that ended in Feb. 2024 was 1.66.

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

TSE:251A' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.59 Med: 1.63 Max: 1.66
Current: 1.66

During the past 2 years, Neuromagic Co's highest Cash to Debt Ratio was 1.66. The lowest was 1.59. And the median was 1.63.

TSE:251A's Cash-to-Debt is not ranked
in the Software industry.
Industry Median: 2.33 vs TSE:251A: 1.66

Neuromagic Co Cash-to-Debt Historical Data

The historical data trend for Neuromagic 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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Neuromagic Co Cash-to-Debt Chart

Neuromagic Co Annual Data

Trend

Feb23

Feb24

Cash-to-Debt

1.59

1.66

Neuromagic Co Semi-Annual Data
	Feb23	Feb24
Cash-to-Debt	1.59	1.66

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

For the Software - Infrastructure subindustry, Neuromagic 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.

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

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

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

Neuromagic 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.

Neuromagic Co's Cash to Debt Ratio for the fiscal year 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)
	=	300.576	/	(33.516	+	147.522)
	=	1.66

Neuromagic 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)
	=	300.576	/	(33.516	+	147.522)
	=	1.66

Neuromagic Co (TSE:251A) 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.

Neuromagic Co Cash-to-Debt Related Terms

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Neuromagic Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Neuromagic Co Ltd (TSE:251A) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

6-16-1 Tsukiji, Tsukiji 616 Building 3rd Floor, Chuo-ku, Tokyo, JPN, 104-0045

Website

https://www.neuromagic.com

Neuromagic Co Ltd is an experience design company with the slogan Experience Agency. It pursues the best experience by considering everything from business requirements and business processes including backstage to social and cultural background and environment. The company is specialized in web production, digital contents development, graphic design, service design, consulting, web design, UX, design research, and SX.

Neuromagic Co Headlines

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