Axel Mark (TSE:3624) Cash-to-Debt : 1.91 (As of Mar. 2024)

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What is Axel Mark 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. Axel Mark's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.91.

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

TSE:3624' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.5 Med: 1.81 Max: No Debt
Current: 1.91

During the past 13 years, Axel Mark's highest Cash to Debt Ratio was No Debt. The lowest was 0.50. And the median was 1.81.

TSE:3624's Cash-to-Debt is ranked worse than
64.12% of 577 companies
in the Interactive Media industry
Industry Median: 4.96 vs TSE:3624: 1.91

Axel Mark Cash-to-Debt Historical Data

The historical data trend for Axel Mark'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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Axel Mark Cash-to-Debt Chart

Axel Mark Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Cash-to-Debt

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0.96

0.55

1.60

3.27

2.54

Axel Mark 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															3.23	3.08	2.54	2.13	1.91

Competitive Comparison of Axel Mark's Cash-to-Debt

For the Internet Content & Information subindustry, Axel Mark'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.

Axel Mark's Cash-to-Debt Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Axel Mark's Cash-to-Debt distribution charts can be found below:

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

Axel Mark 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.

Axel Mark'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)
	=	906.037	/	(0	+	356.646)
	=	2.54

Axel Mark'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)
	=	681.587	/	(0	+	356.646)
	=	1.91

Axel Mark (TSE:3624) 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.

Axel Mark Cash-to-Debt Related Terms

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Axel Mark Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Axel Mark Inc (TSE:3624) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-32-2 Honcho, Harmony Tower, 17th Floor, Nakano-ku, Tokyo, JPN, 164-0012

Website

http://www.axelmark.co.jp

Axel Mark Inc is a Japan-based company mainly engaged in the planning, production, development, and operation of the online games. It operates in three business divisions including Game business that provides games to consumers through platforms such as App Store, Google Play and others. Advertising business offers advertising network service that sells advertising space in the network to advertisers, and Experience business offers costume production service, online lottery service, celebrity support app, and uniform remake service.

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