Aida Sekkei Co (TSE:2990) Cash-to-Debt : 0.13 (As of Mar. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Aida Sekkei 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. Aida Sekkei Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.13.

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, Aida Sekkei Co couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

TSE:2990' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.13 Med: 0.35 Max: 0.71
Current: 0.13

During the past 6 years, Aida Sekkei Co's highest Cash to Debt Ratio was 0.71. The lowest was 0.13. And the median was 0.35.

TSE:2990's Cash-to-Debt is ranked worse than
81.25% of 96 companies
in the Homebuilding & Construction industry
Industry Median: 0.475 vs TSE:2990: 0.13

Aida Sekkei Co Cash-to-Debt Historical Data

The historical data trend for Aida Sekkei 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.

* Premium members only.

Aida Sekkei Co Cash-to-Debt Chart

Aida Sekkei Co Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

Get a 7-Day Free Trial

0.34

0.58

0.71

0.35

0.13

Aida Sekkei Co Semi-Annual Data
	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial					0.71	N/A	0.35	0.20	0.13

Competitive Comparison of Aida Sekkei Co's Cash-to-Debt

For the Residential Construction subindustry, Aida Sekkei 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.

Aida Sekkei Co's Cash-to-Debt Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Aida Sekkei Co's Cash-to-Debt distribution charts can be found below:

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

Aida Sekkei 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.

Aida Sekkei Co's Cash to Debt Ratio for the fiscal year 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)
	=	5538	/	(26502	+	14863)
	=	0.13

Aida Sekkei 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)
	=	5538	/	(26502	+	14863)
	=	0.13

Aida Sekkei Co (TSE:2990) 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.

Aida Sekkei Co Cash-to-Debt Related Terms

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

Aida Sekkei Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Aida Sekkei Co Ltd (TSE:2990) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-286 Sakuragicho, Omiya-ku, Saitama Prefecture, Saitama, JPN, 330-0854

Website

https://www.aidagroup.co.jp

Aida Sekkei Co Ltd is engaged in the sales and construction of pre-build homes and custom build homes.

Aida Sekkei Co Headlines

No Headlines