Healthcare & Medical Investment (TSE:3455) Cash-to-Debt : 0.05 (As of Jan. 2024)

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What is Healthcare & Medical Investment 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. Healthcare & Medical Investment's cash to debt ratio for the quarter that ended in Jan. 2024 was 0.05.

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, Healthcare & Medical Investment couldn't pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

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

TSE:3455' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.06 Max: 0.15
Current: 0.05

During the past 9 years, Healthcare & Medical Investment's highest Cash to Debt Ratio was 0.15. The lowest was 0.03. And the median was 0.06.

TSE:3455's Cash-to-Debt is ranked worse than
61.8% of 809 companies
in the REITs industry
Industry Median: 0.08 vs TSE:3455: 0.05

Healthcare & Medical Investment Cash-to-Debt Historical Data

The historical data trend for Healthcare & Medical Investment'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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Healthcare & Medical Investment Cash-to-Debt Chart

Healthcare & Medical Investment Annual Data

Trend

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Cash-to-Debt

Get a 7-Day Free Trial

0.06

0.05

0.03

0.04

Healthcare & Medical Investment Semi-Annual Data
	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial													0.05	0.03	0.04	0.04	0.05

Competitive Comparison of Healthcare & Medical Investment's Cash-to-Debt

For the REIT - Healthcare Facilities subindustry, Healthcare & Medical Investment'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.

Healthcare & Medical Investment's Cash-to-Debt Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Healthcare & Medical Investment's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Healthcare & Medical Investment's Cash-to-Debt falls into.

Healthcare & Medical Investment 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.

Healthcare & Medical Investment's Cash to Debt Ratio for the fiscal year that ended in Jul. 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)
	=	1613.659	/	(9250	+	29900)
	=	0.04

Healthcare & Medical Investment's Cash to Debt Ratio for the quarter that ended in Jan. 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)
	=	1865.272	/	(7550	+	31600)
	=	0.05

Healthcare & Medical Investment (TSE:3455) 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.

Healthcare & Medical Investment Cash-to-Debt Related Terms

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

Healthcare & Medical Investment (TSE:3455) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Healthcare & Medical Investment Corp (TSE:3455) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-3, Kanda-ogawamachi, Chiyoda-ku, Tokyo, JPN

Website

http://www.hcm3455.co.jp

Healthcare & Medical Investment Corp is an investment company, which invests in nursing homes facilities and medical related real properties. The company aims to achieve stable earnings from mid- to long-term perspectives through investment in real estate and other related assets. The firm primarily invests in facilities and buildings for the elderly, as well as medical related facilities.

Healthcare & Medical Investment (TSE:3455) Headlines

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