Japan Medical Dynamic Marketing (TSE:7600) Cash-to-Debt : 1.04 (As of Dec. 2023)

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What is Japan Medical Dynamic Marketing 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. Japan Medical Dynamic Marketing's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.04.

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, Japan Medical Dynamic Marketing 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 Japan Medical Dynamic Marketing's Cash-to-Debt or its related term are showing as below:

TSE:7600' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.32 Med: 0.57 Max: 1.55
Current: 1.55

During the past 13 years, Japan Medical Dynamic Marketing's highest Cash to Debt Ratio was 1.55. The lowest was 0.32. And the median was 0.57.

TSE:7600's Cash-to-Debt is ranked worse than
53.56% of 857 companies
in the Medical Devices & Instruments industry
Industry Median: 1.87 vs TSE:7600: 1.55

Japan Medical Dynamic Marketing Cash-to-Debt Historical Data

The historical data trend for Japan Medical Dynamic Marketing'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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Japan Medical Dynamic Marketing Cash-to-Debt Chart

Japan Medical Dynamic Marketing Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.61

0.80

1.40

1.50

1.55

Japan Medical Dynamic Marketing Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															1.50	1.43	1.31	1.04	1.55

Competitive Comparison of Japan Medical Dynamic Marketing's Cash-to-Debt

For the Medical Devices subindustry, Japan Medical Dynamic Marketing'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.

Japan Medical Dynamic Marketing's Cash-to-Debt Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Japan Medical Dynamic Marketing's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Japan Medical Dynamic Marketing's Cash-to-Debt falls into.

Japan Medical Dynamic Marketing 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.

Japan Medical Dynamic Marketing's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	2321.552	/	(1199.982	+	294.449)
	=	1.55

Japan Medical Dynamic Marketing'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)
	=	2024.362	/	(1467.495	+	471.942)
	=	1.04

Japan Medical Dynamic Marketing (TSE:7600) 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.

Japan Medical Dynamic Marketing Cash-to-Debt Related Terms

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Japan Medical Dynamic Marketing (TSE:7600) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Japan Medical Dynamic Marketing Inc (TSE:7600) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

JMD:Germany

Address

12-2, Ichigayadaimachi, Shinjuku-ku, Tokyo, JPN, 162-0066

Website

http://www.jmdm.co.jp

Japan Medical Dynamic Marketing Inc is a Japan-based medical equipment manufacturer. The company is engaged in the development and sale of advanced medical devices. Products offered by the company include trauma devices, joint prostheses, spinal fixation devices, and artificial bone fillers. It caters its products to medical professionals and major hospitals throughout Japan. The company is also engaged in the import and sale of medical devices.

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