Ad-Sol Nissin (TSE:3837) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Ad-Sol Nissin 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. Ad-Sol Nissin's cash to debt ratio for the quarter that ended in Dec. 2023 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, Ad-Sol Nissin could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

(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 Ad-Sol Nissin's Cash-to-Debt or its related term are showing as below:

TSE:3837' s Cash-to-Debt Range Over the Past 10 Years
Min: 3.14 Med: 10.62 Max: No Debt
Current: No Debt

During the past 13 years, Ad-Sol Nissin's highest Cash to Debt Ratio was No Debt. The lowest was 3.14. And the median was 10.62.

TSE:3837's Cash-to-Debt is ranked better than
99.85% of 2723 companies
in the Software industry
Industry Median: 2.49 vs TSE:3837: No Debt

Ad-Sol Nissin Cash-to-Debt Historical Data

The historical data trend for Ad-Sol Nissin'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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Ad-Sol Nissin Cash-to-Debt Chart

Ad-Sol Nissin Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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8.07

6.49

19.15

No Debt

Ad-Sol Nissin Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Ad-Sol Nissin's Cash-to-Debt

For the Information Technology Services subindustry, Ad-Sol Nissin'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.

Ad-Sol Nissin's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, Ad-Sol Nissin's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Ad-Sol Nissin's Cash-to-Debt falls into.

Ad-Sol Nissin 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.

Ad-Sol Nissin's Cash to Debt Ratio for the fiscal year that ended in Mar. 2023 is calculated as:

Ad-Sol Nissin had no debt ⁽¹⁾.

Ad-Sol Nissin's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Ad-Sol Nissin had no debt ⁽¹⁾.

Ad-Sol Nissin (TSE:3837) 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.

Ad-Sol Nissin Cash-to-Debt Related Terms

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

Ad-Sol Nissin (TSE:3837) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ad-Sol Nissin Corp (TSE:3837) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Riverge Shinagawa 4 - chome, Minato - ku, Tokyo, JPN, 108-0075

Website

http://www.adniss.jp

Ad-Sol Nissin Corp develops information systems for enterprises. The company provides Social Infrastructure Business, Advanced Industry Business, IoX Integrated Engineering Business, and Security solutions. The Social Infrastructure Business develops system integration services in social infrastructures such as energy, road, aerospace, and others. Advanced Industry Business promotes Next Generation EV Vehicle, Industrial Equipment, and others. The IoX Integrated Engineering Business propose solutions such as AI. Big Data, Wireless, and others, and Security Solution protect IoT devices from cyber attacks.

Ad-Sol Nissin (TSE:3837) Headlines

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Ad-Sol Nissin (TSE:3837) Cash-to-Debt : No Debt (1) (As of Dec. 2023)