Qualtec Co (TSE:9165) Cash-to-Debt : 9.65 (As of Jun. 2024)

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What is Qualtec 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. Qualtec Co's cash to debt ratio for the quarter that ended in Jun. 2024 was 9.65.

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, Qualtec Co could pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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

TSE:9165' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.02 Med: 4.33 Max: 9.65
Current: 9.65

During the past 4 years, Qualtec Co's highest Cash to Debt Ratio was 9.65. The lowest was 2.02. And the median was 4.33.

TSE:9165's Cash-to-Debt is ranked better than
77.25% of 1055 companies
in the Business Services industry
Industry Median: 1.02 vs TSE:9165: 9.65

Qualtec Co Cash-to-Debt Historical Data

The historical data trend for Qualtec 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.

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Qualtec Co Cash-to-Debt Chart

Qualtec Co Annual Data

Trend

Jun21

Jun22

Jun23

Jun24

Cash-to-Debt

2.02

3.71

4.96

9.65

Qualtec Co Quarterly Data
	Jun21	Jun22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Cash-to-Debt	Get a 7-Day Free Trial			4.96	9.39	9.84	10.74	9.65

Competitive Comparison of Qualtec Co's Cash-to-Debt

For the Specialty Business Services subindustry, Qualtec 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.

Qualtec Co's Cash-to-Debt Distribution in the Business Services Industry

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

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

Qualtec 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.

Qualtec Co's Cash to Debt Ratio for the fiscal year 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)
	=	1902.763	/	(164.611	+	32.572)
	=	9.65

Qualtec Co'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)
	=	1902.763	/	(164.611	+	32.572)
	=	9.65

Qualtec Co (TSE:9165) 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.

Qualtec Co Cash-to-Debt Related Terms

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

Qualtec Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Qualtec Co Ltd (TSE:9165) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

4-230 Sanbo-cho, Sakai-ku Sakai-shi, Osaka, JPN, 590-0906

Website

https://www.qualtec.co.jp

Qualtec Co Ltd Provides failure analysis and reliability testing of electronic components and is also engaged in the development and sale of testing equipment; fine processing of electronic components; Microfabrication centered on laser processing and surface treatment (plating) technology etc.

Qualtec Co Headlines

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