Internet Initiative Japan (Internet Initiative Japan) Cash-to-Debt

: 1.42 (As of Dec. 2023)

View and export this data going back to 1999. Start your Free Trial

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. Internet Initiative Japan's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.42.

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, Internet Initiative Japan 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 Internet Initiative Japan's Cash-to-Debt or its related term are showing as below:

IIJIY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.56 Med: 1.24 Max: 2.23
Current: 1.42

During the past 13 years, Internet Initiative Japan's highest Cash to Debt Ratio was 2.23. The lowest was 0.56. And the median was 1.24.

IIJIY's Cash-to-Debt is ranked better than
71.32% of 387 companies
in the Telecommunication Services industry
Industry Median: 0.36 vs IIJIY: 1.42

Internet Initiative Japan Cash-to-Debt Historical Data

The historical data trend for Internet Initiative Japan'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.

* Premium members only.

Internet Initiative Japan Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

Get a 7-Day Free Trial

1.25

1.49

1.74

2.23

2.17

Internet Initiative Japan 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	Get a 7-Day Free Trial															2.12	2.17	1.24	1.40	1.42

Competitive Comparison

For the Telecom Services subindustry, Internet Initiative Japan'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.

Internet Initiative Japan Cash-to-Debt Distribution

For the Telecommunication Services industry and Communication Services sector, Internet Initiative Japan's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Internet Initiative Japan's Cash-to-Debt falls into.

Internet Initiative Japan 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.

Internet Initiative Japan'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)
	=	332.101	/	(125.897	+	26.948)
	=	2.17

Internet Initiative Japan'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)
	=	298.288	/	(209.263	+	0.417)
	=	1.42

Internet Initiative Japan (OTCPK:IIJIY) 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.

Internet Initiative Japan Cash-to-Debt Related Terms

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

Internet Initiative Japan (Internet Initiative Japan) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Internet Initiative Japan Inc (OTCPK:IIJIY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

IIJIF:USA 3774:Japan IIJ:Germany

Address

Iidabashi Grand Bloom, 2-10-2 Fujimi, Chiyoda-ku, Tokyo, JPN, 102-0071

Website

https://www.iij.ad.jp

Internet Initiative Japan Inc. is a provider of a variety of services including Internet access, outsourcing, and systems integration. Its Internet access services span dial-up, mobile, and broadband technologies. Its wide area network services allow secure data sharing over Internet virtual private networks, independently developed routers, and closed wide area networks. Its outsourcing services include cloud, content delivery, data center, and security services. The firm generates nearly all its revenue in Japan.