Tokyo Communications Group (TSE:7359) Cash-to-Debt : 0.47 (As of Jun. 2024)

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What is Tokyo Communications Group 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. Tokyo Communications Group's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.47.

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, Tokyo Communications Group couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

The historical rank and industry rank for Tokyo Communications Group's Cash-to-Debt or its related term are showing as below:

TSE:7359' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.38 Med: 0.52 Max: No Debt
Current: 0.47

During the past 6 years, Tokyo Communications Group's highest Cash to Debt Ratio was No Debt. The lowest was 0.38. And the median was 0.52.

TSE:7359's Cash-to-Debt is ranked worse than
63.79% of 1033 companies
in the Media - Diversified industry
Industry Median: 1.23 vs TSE:7359: 0.47

Tokyo Communications Group Cash-to-Debt Historical Data

The historical data trend for Tokyo Communications Group'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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Tokyo Communications Group Cash-to-Debt Chart

Tokyo Communications Group Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

0.50

0.48

0.74

Tokyo Communications Group Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Cash-to-Debt	Get a 7-Day Free Trial													0.62	0.57	0.74	0.48	0.47

Competitive Comparison of Tokyo Communications Group's Cash-to-Debt

For the Advertising Agencies subindustry, Tokyo Communications Group'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.

Tokyo Communications Group's Cash-to-Debt Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Tokyo Communications Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Tokyo Communications Group's Cash-to-Debt falls into.

Tokyo Communications Group 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.

Tokyo Communications Group's Cash to Debt Ratio for the fiscal year 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)
	=	1436.023	/	(394.272	+	1555.303)
	=	0.74

Tokyo Communications Group's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	967.027	/	(872.015	+	1191.289)
	=	0.47

Tokyo Communications Group (TSE:7359) 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.

Tokyo Communications Group Cash-to-Debt Related Terms

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Tokyo Communications Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Tokyo Communications Group Inc (TSE:7359) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-1-9 Ebisu Minami, 9th floor of Iwatoku Building, Shibuya-ku, Tokyo, JPN, 150-0022

Website

https://www.tokyo-tsushin.com

Tokyo Communications Group Inc is an IT marketing company. It is primarily involved in two business namely application and advertising agency business. In the app business, company is developing a business that earns advertising revenue using smartphone apps. In the advertising agency business, it develops an internet advertising agency business centered on affiliate advertising.

Tokyo Communications Group Headlines

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