AZoom Co (TSE:3496) Cash-to-Debt : 23.50 (As of Mar. 2024)

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What is AZoom 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. AZoom Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 23.50.

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

TSE:3496' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.42 Med: 8.47 Max: 33.88
Current: 23.5

During the past 8 years, AZoom Co's highest Cash to Debt Ratio was 33.88. The lowest was 0.42. And the median was 8.47.

TSE:3496's Cash-to-Debt is ranked better than
87.02% of 1788 companies
in the Real Estate industry
Industry Median: 0.25 vs TSE:3496: 23.50

AZoom Co Cash-to-Debt Historical Data

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

AZoom Co Annual Data

Trend

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Cash-to-Debt

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5.48

5.99

8.59

14.21

20.59

AZoom 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															14.44	15.69	20.59	22.57	23.50

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

For the Real Estate Services subindustry, AZoom 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.

AZoom Co's Cash-to-Debt Distribution in the Real Estate Industry

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

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

AZoom 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.

AZoom 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)
	=	2095.936	/	(43.759	+	58.029)
	=	20.59

AZoom 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)
	=	2389.938	/	(32.715	+	68.971)
	=	23.50

AZoom Co (TSE:3496) 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.

AZoom Co Cash-to-Debt Related Terms

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AZoom Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » AZoom Co Ltd (TSE:3496) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-1-1, Yoyogi, 16th Floor, Shinjuku Mines Tower, Shibuya-Ku, Tokyo, JPN, 151-0053

Website

https://azoom.jp

AZoom Co Ltd offers commercial services. It engages in buying and selling, mediation, management, and leasing of real estate. The company mainly provides outsourced parking lot operations for property owners. It is also involved in business development through Internet; Internet media development and operation; and management of parking lots.

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