SPARX Group Co (SPARX Group Co) Cash-to-Debt

: 1.99 (As of Dec. 2023)

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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. SPARX Group Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.99.

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, SPARX Group Co could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

SRXXF' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.51 Med: 2.37 Max: 6.65
Current: 1.99

During the past 13 years, SPARX Group Co's highest Cash to Debt Ratio was 6.65. The lowest was 1.51. And the median was 2.37.

SRXXF's Cash-to-Debt is ranked worse than
55.9% of 1474 companies
in the Asset Management industry
Industry Median: 5.3 vs SRXXF: 1.99

SPARX Group Co Cash-to-Debt Historical Data

The historical data trend for SPARX Group 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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SPARX Group Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

2.45

2.05

2.22

2.13

2.36

SPARX Group Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt																1.92	2.36	2.27	2.06	1.99

Competitive Comparison

For the Asset Management subindustry, SPARX Group 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.

SPARX Group Co Cash-to-Debt Distribution

For the Asset Management industry and Financial Services sector, SPARX Group Co's Cash-to-Debt distribution charts can be found below:

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

SPARX Group 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.

SPARX Group Co's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	164.801	/	(32.492	+	37.407)
	=	2.36

SPARX Group Co's Cash to Debt Ratio for the quarter 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)
	=	124.356	/	(13.891	+	48.617)
	=	1.99

SPARX Group Co (OTCPK:SRXXF) 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.

SPARX Group Co Cash-to-Debt Related Terms

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SPARX Group Co (SPARX Group Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » SPARX Group Co Ltd (OTCPK:SRXXF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

8739:Japan

Address

1-2-70 Konan, Shinagawa Season Terrace, 6th Floor, Minato-ku, Tokyo, JPN, 108 0075

Website

http://www.sparx.jp

SPARX Group Co Ltd is a Japan-based holding company engaged in the Asset Management Business and Investment Advisory Business, through its subsidiaries. It operates a variety of investment strategies through a host of entities. The group invests on behalf of corporate pension annuities, government entities, private and trust banks, and public pension funds. Strategies include Japanese equity, Asia ex-Japan alternatives, and Korean strategies. In addition to mutual fund offerings, the company offers advisory services to customers in Japan. Mutual fund offerings are offered directly or through brokerage houses, banks, and other intermediaries globally.

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