Papyless Co (TSE:3641) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2024)

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What is Papyless 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. Papyless Co's cash to debt ratio for the quarter that ended in Sep. 2024 was No Debt ⁽¹⁾.

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, Papyless Co could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

(1) 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.

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

TSE:3641' s Cash-to-Debt Range Over the Past 10 Years
Min: 779.7 Med: No Debt Max: 11919
Current: 11825

During the past 13 years, Papyless Co's highest Cash to Debt Ratio was 11919.00. The lowest was 779.70. And the median was No Debt.

TSE:3641's Cash-to-Debt is ranked better than
99.81% of 1031 companies
in the Media - Diversified industry
Industry Median: 1.23 vs TSE:3641: 11825.00

Papyless Co Cash-to-Debt Historical Data

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

Papyless Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

Get a 7-Day Free Trial

4,774.00

11,836.00

No Debt

5,115.50

11,919.00

Papyless Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	11,919.00	No Debt

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

For the Publishing subindustry, Papyless 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.

Papyless Co's Cash-to-Debt Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Papyless Co's Cash-to-Debt distribution charts can be found below:

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

Papyless 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.

Papyless 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)
	=	11919	/	(1	+	0)
	=	11,919.00

Papyless Co's Cash to Debt Ratio for the quarter that ended in Sep. 2024 is calculated as:

Papyless Co had no debt ⁽¹⁾.

Papyless Co (TSE:3641) 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.

Papyless Co Cash-to-Debt Related Terms

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Papyless Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Papyless Co Ltd (TSE:3641) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

7F, Daihatsu Nissei Ikebukuro 3-23-14, Higashi Ikebukuro, JPN, 170-0013

Website

http://www.papy.co.jp

Papyless Co Ltd is a Japan-based company engages in the sale, rental, and distribution of electronic books (E-books). It offers novel and non-fiction, practical books, photo books, comics, magazines, business and education, audio and picture novel, cartoon, and adult, as well as photo album books.

Papyless Co Headlines

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Papyless Co (TSE:3641) Cash-to-Debt : No Debt (1) (As of Sep. 2024)