Open Up Group (TSE:2154) Cash-to-Debt : 17.64 (As of Dec. 2023)

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What is Open Up Group 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. Open Up Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 17.64.

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, Open Up Group 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 Open Up Group's Cash-to-Debt or its related term are showing as below:

TSE:2154' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.76 Med: 2.22 Max: No Debt
Current: 17.64

During the past 13 years, Open Up Group's highest Cash to Debt Ratio was No Debt. The lowest was 0.76. And the median was 2.22.

TSE:2154's Cash-to-Debt is ranked better than
82.61% of 1064 companies
in the Business Services industry
Industry Median: 1 vs TSE:2154: 17.64

Open Up Group Cash-to-Debt Historical Data

The historical data trend for Open Up Group'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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Open Up Group Cash-to-Debt Chart

Open Up Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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3.30

5.51

2.02

7.38

11.27

Open Up Group 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															4.55	4.30	11.27	11.23	17.64

Competitive Comparison of Open Up Group's Cash-to-Debt

For the Staffing & Employment Services subindustry, Open Up Group'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.

Open Up Group's Cash-to-Debt Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Open Up Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Open Up Group's Cash-to-Debt falls into.

Open Up Group 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.

Open Up Group's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	17295	/	(1415	+	120)
	=	11.27

Open Up Group'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)
	=	21402	/	(1153	+	60)
	=	17.64

Open Up Group (TSE:2154) 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.

Open Up Group Cash-to-Debt Related Terms

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Open Up Group (TSE:2154) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Open Up Group Inc (TSE:2154) » Definitions » Cash-to-Debt

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BNXYF:USA

Address

2-14-1 Higashi Shimbashi, NBF Commodio Shiodome, Minato-ku, Tokyo, JPN, 105-0021

Website

https://www.openupgroup.co.jp

Open Up Group Inc provides human resource services and outsourcing or contracting services for manufacturing companies in Japan and overseas. The business segments of the company include: Mechatronics/IT field: it includes workers dispatching, contracting, consignment business such as development design engineers. Construction area segment includes construction management engineer business / CAD operator dispatch business for customers in construction industry. Manufacturing Area segment includes manufacturing site contracting and dispatch business for customers in manufacturing industry Temporary staffing, outsourcing and referral business for technology and manufacturing fields.

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