GMO Globalsign Holdings KK (TSE:3788) Cash-to-Debt : 3.32 (As of Dec. 2023)

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What is GMO Globalsign Holdings KK 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. GMO Globalsign Holdings KK's cash to debt ratio for the quarter that ended in Dec. 2023 was 3.32.

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

TSE:3788' s Cash-to-Debt Range Over the Past 10 Years
Min: 3.32 Med: 6.13 Max: 15.61
Current: 3.32

During the past 13 years, GMO Globalsign Holdings KK's highest Cash to Debt Ratio was 15.61. The lowest was 3.32. And the median was 6.13.

TSE:3788's Cash-to-Debt is ranked better than
54.42% of 2797 companies
in the Software industry
Industry Median: 2.41 vs TSE:3788: 3.32

GMO Globalsign Holdings KK Cash-to-Debt Historical Data

The historical data trend for GMO Globalsign Holdings KK'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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GMO Globalsign Holdings KK Cash-to-Debt Chart

GMO Globalsign Holdings KK Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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15.61

8.90

6.62

3.41

3.32

GMO Globalsign Holdings KK 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															3.41	3.10	3.47	3.25	3.32

Competitive Comparison of GMO Globalsign Holdings KK's Cash-to-Debt

For the Information Technology Services subindustry, GMO Globalsign Holdings KK'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.

GMO Globalsign Holdings KK's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, GMO Globalsign Holdings KK's Cash-to-Debt distribution charts can be found below:

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

GMO Globalsign Holdings KK 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.

GMO Globalsign Holdings KK'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)
	=	6655.49	/	(504.685	+	1501.315)
	=	3.32

GMO Globalsign Holdings KK'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)
	=	6655.49	/	(504.685	+	1501.315)
	=	3.32

GMO Globalsign Holdings KK (TSE:3788) 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.

GMO Globalsign Holdings KK Cash-to-Debt Related Terms

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GMO Globalsign Holdings KK (TSE:3788) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » GMO Globalsign Holdings KK (TSE:3788) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

26-1, Sakuragaoka-cho, 10th Floor Cerulean Tower, Shibuya-ku, Tokyo, JPN, 150-8512

Website

https://www.gmogshd.com

GMO Globalsign Holdings KK is engaged in the development and operation of various internet solutions centred on cloud and hosting services and security services. It is organized into four business areas - IoT business, Cloud/Hosting business, Security/ID Management business, and Solutions business. The company offers a wide range of hosting services from rental server to cloud, direct sales and sales through distributors. In the ID management business, the company provides a cloud type ID service that realizes user ID management, access control, and single sign-on.

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