Tohokushinsha Film (TSE:2329) Cash-to-Debt : 45.48 (As of Dec. 2023)

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What is Tohokushinsha Film 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. Tohokushinsha Film's cash to debt ratio for the quarter that ended in Dec. 2023 was 45.48.

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

TSE:2329' s Cash-to-Debt Range Over the Past 10 Years
Min: 3.66 Med: 20.19 Max: 45.48
Current: 45.48

During the past 13 years, Tohokushinsha Film's highest Cash to Debt Ratio was 45.48. The lowest was 3.66. And the median was 20.19.

TSE:2329's Cash-to-Debt is ranked better than
85.74% of 1031 companies
in the Media - Diversified industry
Industry Median: 1.27 vs TSE:2329: 45.48

Tohokushinsha Film Cash-to-Debt Historical Data

The historical data trend for Tohokushinsha Film'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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Tohokushinsha Film Cash-to-Debt Chart

Tohokushinsha Film Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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16.99

21.70

24.08

17.00

19.81

Tohokushinsha Film 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															21.55	19.81	29.73	36.55	45.48

Competitive Comparison of Tohokushinsha Film's Cash-to-Debt

For the Entertainment subindustry, Tohokushinsha Film'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.

Tohokushinsha Film's Cash-to-Debt Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Tohokushinsha Film's Cash-to-Debt distribution charts can be found below:

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

Tohokushinsha Film 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.

Tohokushinsha Film'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)
	=	37679	/	(1119	+	783)
	=	19.81

Tohokushinsha Film'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)
	=	42755	/	(940	+	0)
	=	45.48

Tohokushinsha Film (TSE:2329) 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.

Tohokushinsha Film Cash-to-Debt Related Terms

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

Tohokushinsha Film (TSE:2329) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Tohokushinsha Film Corp (TSE:2329) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

4-8-10 Akasaka, Minato-ku, Tokyo, JPN

Website

http://www.tfc.co.jp

Tohokushinsha Film Corp is a Japanese based media company. It operates in four business divisions including media production, distribution, broadcasting and commercial film production. Its business activities include advertising production, sales promotion, digital production, dubbing and subtitling, film distribution, film library, television distribution, and broadcasting operations.

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