Care Twentyone (TSE:2373) Cash-to-Debt : 0.16 (As of Jan. 2024)

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What is Care Twentyone 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. Care Twentyone's cash to debt ratio for the quarter that ended in Jan. 2024 was 0.16.

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, Care Twentyone couldn't pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

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

TSE:2373' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05 Med: 0.12 Max: 0.17
Current: 0.16

During the past 13 years, Care Twentyone's highest Cash to Debt Ratio was 0.17. The lowest was 0.05. And the median was 0.12.

TSE:2373's Cash-to-Debt is ranked worse than
72.9% of 668 companies
in the Healthcare Providers & Services industry
Industry Median: 0.69 vs TSE:2373: 0.16

Care Twentyone Cash-to-Debt Historical Data

The historical data trend for Care Twentyone'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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Care Twentyone Cash-to-Debt Chart

Care Twentyone Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Cash-to-Debt

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0.05

0.12

0.08

0.14

Care Twentyone Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial															0.15	0.11	0.12	0.14	0.16

Competitive Comparison of Care Twentyone's Cash-to-Debt

For the Medical Care Facilities subindustry, Care Twentyone'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.

Care Twentyone's Cash-to-Debt Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Care Twentyone's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Care Twentyone's Cash-to-Debt falls into.

Care Twentyone 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.

Care Twentyone's Cash to Debt Ratio for the fiscal year that ended in Oct. 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)
	=	2605.972	/	(4447.542	+	13887.462)
	=	0.14

Care Twentyone's Cash to Debt Ratio for the quarter that ended in Jan. 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)
	=	3195.546	/	(4677.871	+	14887.924)
	=	0.16

Care Twentyone (TSE:2373) 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.

Care Twentyone Cash-to-Debt Related Terms

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

Care Twentyone (TSE:2373) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Care Twentyone Corp (TSE:2373) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Dojima Kita-ku, Kintetsu Dojima building, 10th floor, Osaka, JPN, 530-0003

Website

http://www.care21.co.jp

Care Twentyone Corp provides nursing care services. It also leases and sells nursing equipment as well as operates a nursing home for the elder people. It also provides daycare homes, nursing homes, and group homes. It is also engaged in small-scale multifunctional home care, welfare equipment sales, rental and housing repair and light work contracting business.

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