Project Holdings (TSE:9246) Cash-to-Debt : 1.05 (As of Jun. 2024)

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What is Project Holdings 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. Project Holdings's cash to debt ratio for the quarter that ended in Jun. 2024 was 1.05.

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, Project Holdings 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 Project Holdings's Cash-to-Debt or its related term are showing as below:

TSE:9246' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.05 Med: 2.59 Max: 9.15
Current: 1.05

During the past 5 years, Project Holdings's highest Cash to Debt Ratio was 9.15. The lowest was 1.05. And the median was 2.59.

TSE:9246's Cash-to-Debt is ranked better than
50.14% of 1047 companies
in the Business Services industry
Industry Median: 1.03 vs TSE:9246: 1.05

Project Holdings Cash-to-Debt Historical Data

The historical data trend for Project Holdings'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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Project Holdings Cash-to-Debt Chart

Project Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

1.41

1.85

8.03

3.32

1.24

Project Holdings Quarterly Data
	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Cash-to-Debt	Get a 7-Day Free Trial										1.93	1.71	1.24	1.28	1.05

Competitive Comparison of Project Holdings's Cash-to-Debt

For the Consulting Services subindustry, Project Holdings'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.

Project Holdings's Cash-to-Debt Distribution in the Business Services Industry

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

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

Project Holdings 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.

Project Holdings's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	2772.342	/	(457.232	+	1780.652)
	=	1.24

Project Holdings'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)
	=	2632.478	/	(645.804	+	1858.214)
	=	1.05

Project Holdings (TSE:9246) 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.

Project Holdings Cash-to-Debt Related Terms

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Project Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Project Holdings Inc (TSE:9246) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-3-1 Azabudai, 24th Floor Azabudai Hills Mori JP Tower, Minato-ku, Tokyo, JPN, 106-0041

Website

https://www.phd.co.jp

Project Holdings Inc is engaged in providing consulting services for new business development and existing business reform by using digital technologies, planning a strategy for digital marketing, and improving to UI/UX of smartphone apps. Its services include business solutions, marketing solutions, and UI/UX solutions.

Project Holdings Headlines

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