Meiko Network Japan Co (TSE:4668) Cash-to-Debt : 299.90 (As of Feb. 2024)

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What is Meiko Network Japan 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. Meiko Network Japan Co's cash to debt ratio for the quarter that ended in Feb. 2024 was 299.90.

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, Meiko Network Japan Co could pay off its debt using the cash in hand for the quarter that ended in Feb. 2024.

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

TSE:4668' s Cash-to-Debt Range Over the Past 10 Years
Min: 8.62 Med: 96.2 Max: 1537.8
Current: 299.9

During the past 13 years, Meiko Network Japan Co's highest Cash to Debt Ratio was 1537.80. The lowest was 8.62. And the median was 96.20.

TSE:4668's Cash-to-Debt is ranked better than
89.15% of 258 companies
in the Education industry
Industry Median: 1.265 vs TSE:4668: 299.90

Meiko Network Japan Co Cash-to-Debt Historical Data

The historical data trend for Meiko Network Japan 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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Meiko Network Japan Co Cash-to-Debt Chart

Meiko Network Japan Co Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Cash-to-Debt

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39.26

731.50

1,115.88

795.91

1,428.67

Meiko Network Japan Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash-to-Debt	Get a 7-Day Free Trial															1,388.50	1,537.80	1,428.67	1,325.17	299.90

Competitive Comparison of Meiko Network Japan Co's Cash-to-Debt

For the Education & Training Services subindustry, Meiko Network Japan 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.

Meiko Network Japan Co's Cash-to-Debt Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Meiko Network Japan Co's Cash-to-Debt distribution charts can be found below:

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

Meiko Network Japan 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.

Meiko Network Japan Co's Cash to Debt Ratio for the fiscal year that ended in Aug. 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)
	=	8572	/	(2	+	4)
	=	1,428.67

Meiko Network Japan Co's Cash to Debt Ratio for the quarter that ended in Feb. 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)
	=	8697	/	(2	+	27)
	=	299.90

Meiko Network Japan Co (TSE:4668) 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.

Meiko Network Japan Co Cash-to-Debt Related Terms

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Meiko Network Japan Co (TSE:4668) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Meiko Network Japan Co Ltd (TSE:4668) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

7-20-1 Nishi-Shinjuku, 29th Floor/30th Floor, Sumitomo Fudosan Nishi-Shinjuku Building, Tokyo, JPN, 160-0023

Website

http://www.meikonet.co.jp

Meiko Network Japan Co Ltd provides educational services. The company's business is divided into Meiko Gijuku Business Activities which operates schools for children of all ages from elementary school to university entrance examination. Medical Cram School Business Activities include a school for medicine-related university entrance examination, and Other Business Activities comprises of Soccer schools for preschool children elementary and junior high school students, individual tutoring cram schools, extended-hours cram schools, and others.

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