Interworks Confidence (TSE:7374) Cash-to-Debt : 535.37 (As of Sep. 2024)

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What is Interworks Confidence 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. Interworks Confidence's cash to debt ratio for the quarter that ended in Sep. 2024 was 535.37.

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, Interworks Confidence could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

TSE:7374' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.29 Med: 18.1 Max: No Debt
Current: 535.37

During the past 6 years, Interworks Confidence's highest Cash to Debt Ratio was No Debt. The lowest was 1.29. And the median was 18.10.

TSE:7374's Cash-to-Debt is ranked better than
91.68% of 1046 companies
in the Business Services industry
Industry Median: 1.06 vs TSE:7374: 535.37

Interworks Confidence Cash-to-Debt Historical Data

The historical data trend for Interworks Confidence'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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Interworks Confidence Cash-to-Debt Chart

Interworks Confidence Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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2.08

4.64

15.33

91.00

349.88

Interworks Confidence Quarterly Data
	Mar19	Mar20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial												No Debt	No Debt	No Debt	349.88	535.37

Competitive Comparison of Interworks Confidence's Cash-to-Debt

For the Staffing & Employment Services subindustry, Interworks Confidence'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.

Interworks Confidence's Cash-to-Debt Distribution in the Business Services Industry

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

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

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Interworks Confidence 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.

Interworks Confidence'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)
	=	4089.38	/	(3.159	+	8.529)
	=	349.88

Interworks Confidence's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	3569.281	/	(2.249	+	4.418)
	=	535.37

Interworks Confidence (TSE:7374) 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.

Interworks Confidence Cash-to-Debt Related Terms

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

Interworks Confidence Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Interworks Confidence Inc (TSE:7374) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-19-1 Shinjuku, BYGS Shinjuku Bldg. 10th Floor, Shinjuku-ku, Tokyo, JPN, 160-0022

Website

https://www.confidence-inc.jp

Interworks Confidence Inc is primarily involved in the temporary employment, recruitment and outsourcing business for the game and entertainment industry and media business.

Interworks Confidence Headlines

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