Land Business Co (TSE:8944) Cash-to-Debt : 0.32 (As of Mar. 2024)

View and export this data going back to 2005. Start your Free Trial

What is Land Business 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. Land Business Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.32.

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, Land Business Co couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

TSE:8944' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.14 Med: 0.32 Max: 0.45
Current: 0.32

During the past 13 years, Land Business Co's highest Cash to Debt Ratio was 0.45. The lowest was 0.14. And the median was 0.32.

TSE:8944's Cash-to-Debt is ranked better than
56.33% of 1786 companies
in the Real Estate industry
Industry Median: 0.25 vs TSE:8944: 0.32

Land Business Co Cash-to-Debt Historical Data

The historical data trend for Land Business 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.

* Premium members only.

Land Business Co Cash-to-Debt Chart

Land Business Co Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Cash-to-Debt

Get a 7-Day Free Trial

0.33

0.31

0.30

0.34

0.36

Land Business Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.34	0.40	0.36	0.33	0.32

Competitive Comparison of Land Business Co's Cash-to-Debt

For the Real Estate Services subindustry, Land Business 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.

Land Business Co's Cash-to-Debt Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Land Business Co's Cash-to-Debt distribution charts can be found below:

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

Land Business 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.

Land Business Co's Cash to Debt Ratio for the fiscal year that ended in Sep. 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)
	=	10712.101	/	(3951.661	+	25845.153)
	=	0.36

Land Business Co's Cash to Debt Ratio for the quarter 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)
	=	9191.538	/	(4656.019	+	24417.975)
	=	0.32

Land Business Co (TSE:8944) 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.

Land Business Co Cash-to-Debt Related Terms

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

Land Business Co (TSE:8944) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Land Business Co Ltd (TSE:8944) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kasumigaseki Building 30th Floor, Kasumigaseki 3-2-5, Chiyoda-ku, Tokyo, JPN

Website

http://www.lbca.co.jp

Land Business Co Ltd is a real estate services company based in Japan. The company operates through two segments: Real Estate Investment business and Design and Construction business. In the Real Estate Investment business, the company acquires land, inject the know-how, cultivated in the design and build office buildings. The Design and Construction business consists of design supervision business, building and consulting business to support real estate owners.

Land Business Co (TSE:8944) Headlines

No Headlines