EnBio Holdings, (TSE:6092) Cash-to-Debt : 0.37 (As of Dec. 2023)

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What is EnBio 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. EnBio Holdings,'s cash to debt ratio for the quarter that ended in Dec. 2023 was 0.37.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, EnBio Holdings, couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

TSE:6092' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.13 Med: 0.36 Max: 3.58
Current: 0.37

During the past 11 years, EnBio Holdings,'s highest Cash to Debt Ratio was 3.58. The lowest was 0.13. And the median was 0.36.

TSE:6092's Cash-to-Debt is ranked worse than
66.57% of 1068 companies
in the Business Services industry
Industry Median: 0.99 vs TSE:6092: 0.37

EnBio Holdings, Cash-to-Debt Historical Data

The historical data trend for EnBio 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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EnBio Holdings, Cash-to-Debt Chart

EnBio Holdings, Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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0.20

0.37

0.22

0.28

0.32

EnBio Holdings, 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															0.33	0.32	0.51	0.41	0.37

Competitive Comparison of EnBio Holdings,'s Cash-to-Debt

For the Specialty Business Services subindustry, EnBio 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.

EnBio Holdings,'s Cash-to-Debt Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, EnBio Holdings,'s Cash-to-Debt distribution charts can be found below:

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

EnBio 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.

EnBio Holdings,'s Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	2828.655	/	(3147.666	+	5749.288)
	=	0.32

EnBio Holdings,'s Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	3243.333	/	(2601.159	+	6140.547)
	=	0.37

EnBio Holdings, (TSE:6092) 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.

EnBio Holdings, Cash-to-Debt Related Terms

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EnBio Holdings, (TSE:6092) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » EnBio Holdings, Inc (TSE:6092) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Tokyo Kandata cho 2-11 O-machi Takaku Building 3F, Chiyoda-ku, Tokyo, JPN

Website

http://enbio-holdings.com

EnBio Holdings, Inc is a Japanese company engaged in environmental solution business, tools and chemicals business, and brownfield revitalization business. The environmental business involves investigation, remediation and risk management consulting of contaminated soil and groundwater; Tools and chemicals business involves sales of chemicals used for environmental work such as site investigation and remediation; and brownfield revitalization business which involves purchasing and regeneration of brownfields. The objective of the company is solving soil and groundwater contamination issues.

EnBio Holdings, (TSE:6092) Headlines

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