Emimen Co (TSE:9237) Cash-to-Debt : 4.86 (As of Apr. 2024)

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What is Emimen 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. Emimen Co's cash to debt ratio for the quarter that ended in Apr. 2024 was 4.86.

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

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

TSE:9237' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.08 Med: 2.85 Max: 4.86
Current: 4.86

During the past 3 years, Emimen Co's highest Cash to Debt Ratio was 4.86. The lowest was 1.08. And the median was 2.85.

TSE:9237's Cash-to-Debt is ranked better than
72.23% of 1066 companies
in the Business Services industry
Industry Median: 1 vs TSE:9237: 4.86

Emimen Co Cash-to-Debt Historical Data

The historical data trend for Emimen 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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Emimen Co Cash-to-Debt Chart

Emimen Co Annual Data

Trend

Oct21

Oct22

Oct23

Cash-to-Debt

1.08

1.31

4.36

Emimen Co Quarterly Data
	Oct21	Oct22	Jul23	Oct23	Jan24	Apr24
Cash-to-Debt	Get a 7-Day Free Trial			1.31	1.35	4.36	4.62	4.86

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

For the Consulting Services subindustry, Emimen 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.

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

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

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

Emimen 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.

Emimen Co's Cash to Debt Ratio for the fiscal year that ended in Oct. 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)
	=	590.56	/	(22.368	+	113.212)
	=	4.36

Emimen Co's Cash to Debt Ratio for the quarter that ended in Apr. 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)
	=	626.731	/	(25.284	+	103.589)
	=	4.86

Emimen Co (TSE:9237) 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.

Emimen Co Cash-to-Debt Related Terms

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Emimen Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Emimen Co Ltd (TSE:9237) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-8-33 Kyomachibori, 4th Floor Kyomachibori Square, Nishi-ku, Osaka, JPN, 550-0003

Website

https://www.emimen.co.jp

Emimen Co Ltd is engaged in the business of senior home introduction services and senior home management consulting. It is a professional in selecting senior homes, providing paid nursing homes with nursing care, residential-type paid nursing homes, and elderly care homes with services, depending on the thoughts and circumstances of the caregiving family. It helps to find a suitable place to live from among a wide variety of options, including residential housing and group homes.

Emimen Co Headlines

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