As Partners Co (TSE:160A) Cash-to-Debt : 0.81 (As of Dec. 2023)

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What is As Partners 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. As Partners Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.81.

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, As Partners Co couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

TSE:160A' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.62 Med: 0.75 Max: 0.81
Current: 0.81

During the past 2 years, As Partners Co's highest Cash to Debt Ratio was 0.81. The lowest was 0.62. And the median was 0.75.

TSE:160A's Cash-to-Debt is ranked better than
61.41% of 526 companies
in the Conglomerates industry
Industry Median: 0.485 vs TSE:160A: 0.81

As Partners Co Cash-to-Debt Historical Data

The historical data trend for As Partners 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.

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As Partners Co Cash-to-Debt Chart

As Partners Co Annual Data

Trend

Mar22

Mar23

Cash-to-Debt

0.75

0.62

As Partners Co Quarterly Data
	Mar22	Mar23	Dec23
Cash-to-Debt	0.75	0.62	0.81

Competitive Comparison of As Partners Co's Cash-to-Debt

For the Conglomerates subindustry, As Partners 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.

As Partners Co's Cash-to-Debt Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, As Partners Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where As Partners Co's Cash-to-Debt falls into.

As Partners 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.

As Partners Co'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)
	=	4016.063	/	(2523.744	+	3963.272)
	=	0.62

As Partners Co'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)
	=	5215.86	/	(2856.416	+	3604.32)
	=	0.81

As Partners Co (TSE:160A) 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.

As Partners Co Cash-to-Debt Related Terms

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As Partners Co (TSE:160A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » As Partners Co Ltd (TSE:160A) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-2 Kandasurugadai, Chiyoda-ku, Tokyo, JPN, 1010062

Website

https://www.as-partners.co.jp

As Partners Co Ltd is engaged in two business Senior business and Real estate business. Senior business includes management of nursing homes (paid nursing homes with nursing care) (life care for residents of general specified facilities), day services, and short stays. Real estate business includes real estate ownership, residential lot sales, real estate revitalization consulting, etc.

As Partners Co (TSE:160A) Headlines

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