Star Mica Holdings Co (TSE:2975) Cash-to-Debt : 0.06 (As of Feb. 2024)

View and export this data going back to 2019. Start your Free Trial

What is Star Mica Holdings Co 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. Star Mica Holdings Co's cash to debt ratio for the quarter that ended in Feb. 2024 was 0.06.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Star Mica Holdings Co couldn't pay off its debt using the cash in hand for the quarter that ended in Feb. 2024.

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

TSE:2975' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05 Med: 0.07 Max: No Debt
Current: 0.06

During the past 6 years, Star Mica Holdings Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.05. And the median was 0.07.

TSE:2975's Cash-to-Debt is ranked worse than
78.23% of 1787 companies
in the Real Estate industry
Industry Median: 0.25 vs TSE:2975: 0.06

Star Mica Holdings Co Cash-to-Debt Historical Data

The historical data trend for Star Mica Holdings 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.

* Premium members only.

Star Mica Holdings Co Cash-to-Debt Chart

Star Mica Holdings Co Annual Data

Trend

Apr18

Nov19

Nov20

Nov21

Nov22

Nov23

Cash-to-Debt

Get a 7-Day Free Trial

0.08

0.14

0.06

0.05

0.06

Star Mica Holdings Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash-to-Debt	Get a 7-Day Free Trial															0.06	0.07	0.06	0.06	0.06

Competitive Comparison of Star Mica Holdings Co's Cash-to-Debt

For the Real Estate Services subindustry, Star Mica Holdings 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.

Star Mica Holdings Co's Cash-to-Debt Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Star Mica Holdings Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Star Mica Holdings Co's Cash-to-Debt falls into.

Star Mica Holdings 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.

Star Mica Holdings Co's Cash to Debt Ratio for the fiscal year that ended in Nov. 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)
	=	4199.966	/	(10225.576	+	58883.126)
	=	0.06

Star Mica Holdings Co's Cash to Debt Ratio for the quarter that ended in Feb. 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)
	=	3880.542	/	(10259.715	+	60024.999)
	=	0.06

Star Mica Holdings Co (TSE:2975) 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.

Star Mica Holdings Co Cash-to-Debt Related Terms

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

Star Mica Holdings Co (TSE:2975) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Star Mica Holdings Co Ltd (TSE:2975) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shiroyama Trust Tower, 4-3-1 Toranomon, 28th FLoor, Minato-ku, Tokyo, JPN, 105-6028

Website

https://www.starmica.co.jp

Star Mica Holdings Co Ltd is a Japanese based company engaged in providing real estate services. It offers real estate renovation, real estate investment business, advisory business and other services.

Star Mica Holdings Co (TSE:2975) Headlines

No Headlines