Freee KK (TSE:4478) Cash-to-Debt : 8.75 (As of Mar. 2024)

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What is Freee KK 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. Freee KK's cash to debt ratio for the quarter that ended in Mar. 2024 was 8.75.

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, Freee KK could pay off its debt using the cash in hand for the quarter that ended in Mar. 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 Freee KK's Cash-to-Debt or its related term are showing as below:

TSE:4478' s Cash-to-Debt Range Over the Past 10 Years
Min: 8.75 Med: 290.44 Max: No Debt
Current: 8.75

During the past 5 years, Freee KK's highest Cash to Debt Ratio was No Debt. The lowest was 8.75. And the median was 290.44.

TSE:4478's Cash-to-Debt is ranked better than
65.74% of 2799 companies
in the Software industry
Industry Median: 2.47 vs TSE:4478: 8.75

Freee KK Cash-to-Debt Historical Data

The historical data trend for Freee KK'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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Freee KK Cash-to-Debt Chart

Freee KK Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

No Debt

163.14

73.87

No Debt

Freee KK 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															312.86	No Debt	No Debt	9.51	8.75

Competitive Comparison of Freee KK's Cash-to-Debt

For the Software - Application subindustry, Freee KK'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.

Freee KK's Cash-to-Debt Distribution in the Software Industry

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

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

Freee KK 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.

Freee KK's Cash to Debt Ratio for the fiscal year that ended in Jun. 2023 is calculated as:

Freee KK had no debt ⁽¹⁾.

Freee KK'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)
	=	31250.673	/	(3570	+	0)
	=	8.75

Freee KK (TSE:4478) 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.

Freee KK Cash-to-Debt Related Terms

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Freee KK (TSE:4478) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Freee KK (TSE:4478) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

FREKF:USA

Address

2-8-1 Nishi-Gotanda, Shinagawa-ku, Gotanda First Building 9th Floor, Tokyo, JPN, 141-0031

Website

http://www.freee.co.jp

Freee KK is a developer of cloud-based software. Its software products include Cloud Accounting software, Cloud HR Labor software, Cloud ERP for Midsize companies, among others.

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