Change Holdings (TSE:3962) Cash-to-Debt : 1.60 (As of Mar. 2024)

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What is Change Holdings 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. Change Holdings's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.60.

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

TSE:3962' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.24 Med: 7.36 Max: 16.48
Current: 1.6

During the past 9 years, Change Holdings's highest Cash to Debt Ratio was 16.48. The lowest was 1.24. And the median was 7.36.

TSE:3962's Cash-to-Debt is ranked worse than
57.14% of 2725 companies
in the Software industry
Industry Median: 2.49 vs TSE:3962: 1.60

Change Holdings Cash-to-Debt Historical Data

The historical data trend for Change Holdings'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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Change Holdings Cash-to-Debt Chart

Change Holdings Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Mar23

Mar24

Cash-to-Debt

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1.24

3.01

16.48

7.36

1.60

Change Holdings 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															7.36	6.59	6.78	1.57	1.60

Competitive Comparison of Change Holdings's Cash-to-Debt

For the Information Technology Services subindustry, Change Holdings'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.

Change Holdings's Cash-to-Debt Distribution in the Software Industry

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

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

Change Holdings 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.

Change Holdings'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)
	=	38437	/	(4285	+	19733)
	=	1.60

Change Holdings'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)
	=	38437	/	(4285	+	19733)
	=	1.60

Change Holdings (TSE:3962) 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.

Change Holdings Cash-to-Debt Related Terms

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

Change Holdings (TSE:3962) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Change Holdings Inc (TSE:3962) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-17-1 Toranomon, 6th Floor, TOKYU REIT Toranomon Building, Minato-ku, Tokyo, JPN, 105-0001

Website

https://www.change-jp.com

Change Holdings Inc provides mobility, IoT (Internet of Things) data, security and IT human resources training services. It segments are: Public Tech and NEW-IT Transformation Business. The Public Tech segment covers local government support projects that aims to realize high value-added resident services by utilizing ICT technology to promote the improvement of local government business productivity. The NEW-IT Transformation Business segment promotes digital transformation through various algorithms such as AI, voice Internet, mobility, IoT, cloud, security, services utilizing basic technology, and training for digital human resources. It also provides digital transformation solutions by combining libraries based on customer needs to realize customer digital transformation.

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