Glad Cube (TSE:9561) Cash-to-Debt : 1.90 (As of Mar. 2024)

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What is Glad Cube 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. Glad Cube's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.90.

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, Glad Cube could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

TSE:9561' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.84 Med: 2.8 Max: 3.53
Current: 1.9

During the past 4 years, Glad Cube's highest Cash to Debt Ratio was 3.53. The lowest was 1.84. And the median was 2.80.

TSE:9561's Cash-to-Debt is ranked worse than
54.58% of 2796 companies
in the Software industry
Industry Median: 2.525 vs TSE:9561: 1.90

Glad Cube Cash-to-Debt Historical Data

The historical data trend for Glad Cube'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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Glad Cube Cash-to-Debt Chart

Glad Cube Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

2.11

3.48

3.53

1.84

Glad Cube Quarterly Data
	Dec20	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial					3.51	3.15	2.62	1.84	1.90

Competitive Comparison of Glad Cube's Cash-to-Debt

For the Software - Application subindustry, Glad Cube'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.

Glad Cube's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, Glad Cube's Cash-to-Debt distribution charts can be found below:

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

Glad Cube 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.

Glad Cube'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)
	=	1738.947	/	(265.347	+	679.092)
	=	1.84

Glad Cube'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)
	=	1642.378	/	(256.173	+	606.275)
	=	1.90

Glad Cube (TSE:9561) 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.

Glad Cube Cash-to-Debt Related Terms

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

Glad Cube (TSE:9561) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Glad Cube Inc (TSE:9561) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-4-7 Kawaramachi, Osaka Chuo-ku, Osaka, JPN, 541-0048

Website

https://corp.glad-cube.com

Glad Cube Inc operates as an internet advertise agency and website optimization platform that provides Heat maps and AB testing function by own product "iTest which includes artificial intelligence and machine learning.

Glad Cube (TSE:9561) Headlines

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