Copa (TSE:7689) Cash-to-Debt : No Debt ⁽¹⁾ (As of Feb. 2024)

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What is Copa 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. Copa's cash to debt ratio for the quarter that ended in Feb. 2024 was No Debt ⁽¹⁾.

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

TSE:7689' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.65 Med: 22.63 Max: No Debt
Current: 25.24

During the past 5 years, Copa's highest Cash to Debt Ratio was No Debt. The lowest was 1.65. And the median was 22.63.

TSE:7689's Cash-to-Debt is ranked better than
81.35% of 1035 companies
in the Media - Diversified industry
Industry Median: 1.28 vs TSE:7689: 25.24

Copa Cash-to-Debt Historical Data

The historical data trend for Copa'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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Copa Cash-to-Debt Chart

Copa Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Feb23

Cash-to-Debt

1.65

7.07

7.78

4,148.09

6.59

Copa Quarterly Data
	Mar18	Mar19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash-to-Debt	Get a 7-Day Free Trial														6.59	7.83	7.46	29.62	No Debt

Competitive Comparison of Copa's Cash-to-Debt

For the Advertising Agencies subindustry, Copa'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.

Copa's Cash-to-Debt Distribution in the Media - Diversified Industry

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

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

Copa 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.

Copa's Cash to Debt Ratio for the fiscal year that ended in Feb. 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)
	=	1646.673	/	(250	+	0)
	=	6.59

Copa's Cash to Debt Ratio for the quarter that ended in Feb. 2024 is calculated as:

Copa had no debt ⁽¹⁾.

Copa (TSE:7689) 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.

Copa Cash-to-Debt Related Terms

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

Copa (TSE:7689) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Copa Corp Inc (TSE:7689) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-23-7 Ebisu Minami, Ebisu Park Hills 6th Floor, Shibuya-ku, Tokyo, JPN, 150-0022

Website

https://www.copa.co.jp

Copa Corp Inc is engaged in demonstration sales and wholesale of products, television mail order appearances, online mail order sales, demonstration sales of school courses and temporary staffing, and sales consulting and sales promotion.

Copa (TSE:7689) Headlines

No Headlines

Copa (TSE:7689) Cash-to-Debt : No Debt (1) (As of Feb. 2024)