ImageONE Co (TSE:2667) Cash-to-Debt : 26.07 (As of Mar. 2024)

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What is ImageONE 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. ImageONE Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 26.07.

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, ImageONE Co could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

TSE:2667' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.86 Med: 4.64 Max: 50.17
Current: 26.07

During the past 13 years, ImageONE Co's highest Cash to Debt Ratio was 50.17. The lowest was 0.86. And the median was 4.64.

TSE:2667's Cash-to-Debt is ranked better than
85.26% of 2374 companies
in the Hardware industry
Industry Median: 1.34 vs TSE:2667: 26.07

ImageONE Co Cash-to-Debt Historical Data

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

ImageONE Co Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Cash-to-Debt

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6.89

6.08

13.20

6.53

29.88

ImageONE Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															41.06	50.17	29.88	26.77	26.07

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

For the Scientific & Technical Instruments subindustry, ImageONE 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.

ImageONE Co's Cash-to-Debt Distribution in the Hardware Industry

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

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

ImageONE 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.

ImageONE Co's Cash to Debt Ratio for the fiscal year that ended in Sep. 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)
	=	875.881	/	(13.075	+	16.24)
	=	29.88

ImageONE Co's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	554.745	/	(10.08	+	11.2)
	=	26.07

ImageONE Co (TSE:2667) 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.

ImageONE Co Cash-to-Debt Related Terms

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ImageONE Co (TSE:2667) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » ImageONE Co Ltd (TSE:2667) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shinjuku-ku, Shinjuku East Square, 6th floor, Tokyo, JPN, 160-0022

Website

http://www.imageone.co.jp

ImageONE Co Ltd is a Japanese firm. It provides digital image information products and services in the fields of personal health, and national security and safety. Its healthcare solutions include a medical system and wearable electrocardiograph. GEO solution includes satellite image, sales of UAV, ground measurement instrument, various image processing software, and analysis service.

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