CMIC HOLDINGS Co (TSE:2309) Cash-to-Debt : 4.54 (As of Dec. 2023)

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What is CMIC 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. CMIC HOLDINGS Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 4.54.

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, CMIC HOLDINGS Co 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 CMIC HOLDINGS Co's Cash-to-Debt or its related term are showing as below:

TSE:2309' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.23 Med: 0.5 Max: 6.5
Current: 4.54

During the past 13 years, CMIC HOLDINGS Co's highest Cash to Debt Ratio was 6.50. The lowest was 0.23. And the median was 0.50.

TSE:2309's Cash-to-Debt is not ranked
in the Medical Diagnostics & Research industry.
Industry Median: 1.39 vs TSE:2309: 4.54

CMIC HOLDINGS Co Cash-to-Debt Historical Data

The historical data trend for CMIC 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.

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CMIC HOLDINGS Co Cash-to-Debt Chart

CMIC HOLDINGS Co Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Cash-to-Debt

Get a 7-Day Free Trial

0.63

0.50

0.48

0.57

6.50

CMIC HOLDINGS Co 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															0.51	0.75	4.18	6.50	4.54

Competitive Comparison of CMIC HOLDINGS Co's Cash-to-Debt

For the Diagnostics & Research subindustry, CMIC 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.

CMIC HOLDINGS Co's Cash-to-Debt Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, CMIC HOLDINGS Co's Cash-to-Debt distribution charts can be found below:

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

CMIC 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.

CMIC HOLDINGS Co's Cash to Debt Ratio for the fiscal year that ended in Sep. 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)
	=	19034	/	(1123	+	1804)
	=	6.50

CMIC HOLDINGS 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)
	=	11870	/	(1044	+	1570)
	=	4.54

CMIC HOLDINGS Co (TSE:2309) 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.

CMIC HOLDINGS Co Cash-to-Debt Related Terms

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CMIC HOLDINGS Co (TSE:2309) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » CMIC HOLDINGS Co Ltd (TSE:2309) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hamamatsucho Building, 1-1-1 Shibaura, Minato-ku, Tokyo, JPN, 105-0023

Website

https://www.cmicgroup.com

CMIC HOLDINGS Co Ltd is a Japan-based management consulting company. It contributes to the development of the medical and healthcare field. The company is mainly engaged in Contract Research Organization (CRO), Contract Development and Manufacturing (CDMO), Contract Sales Organization (CSO), Innovative Pharma Model (IPM) and healthcare business. CMIC support a wide range of pharmaceutical management services such as data management, statistical analysis, medicine consulting, medical writing, audit, and analytical tests, clinical trials for the medical and pharmaceutical industry, human resource services. It is also engaged in providing sales and marketing support for pharmaceuticals.

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