Property Agent (TSE:3464) Cash-to-Debt : 0.28 (As of Dec. 2023)

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What is Property Agent 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. Property Agent's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.28.

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, Property Agent couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

TSE:3464' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.11 Med: 0.27 Max: 0.4
Current: 0.28

During the past 9 years, Property Agent's highest Cash to Debt Ratio was 0.40. The lowest was 0.11. And the median was 0.27.

TSE:3464's Cash-to-Debt is ranked better than
52.57% of 1788 companies
in the Real Estate industry
Industry Median: 0.26 vs TSE:3464: 0.28

Property Agent Cash-to-Debt Historical Data

The historical data trend for Property Agent'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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Property Agent Cash-to-Debt Chart

Property Agent Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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0.26

0.30

0.31

0.39

0.24

Property Agent Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.34	0.23	0.24	0.27	0.28

Competitive Comparison of Property Agent's Cash-to-Debt

For the Real Estate Services subindustry, Property Agent'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.

Property Agent's Cash-to-Debt Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Property Agent's Cash-to-Debt distribution charts can be found below:

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

Property Agent 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.

Property Agent's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	6819.005	/	(17678.649	+	11126.565)
	=	0.24

Property Agent's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	8058.638	/	(14035.476	+	15191.769)
	=	0.28

Property Agent (TSE:3464) 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.

Property Agent Cash-to-Debt Related Terms

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

Property Agent (TSE:3464) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Property Agent Inc (TSE:3464) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

5535:Japan

Address

41st floor, Shinjuku Island Tower, 6-5-1 Nishi-Shinjuku, Shinjuku-ku, Tokyo, JPN, 163-1341

Website

https://www.migalo.co.jp

Migalo Holdings Inc is engaged in real estate development, sales, leasing, renting, etc., and related operations. It is also engaged in the Management and administration of group companies engaged in face recognition platform services, cloud integration services, contracted system development, etc.

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