J Frontier Co (TSE:2934) Cash-to-Debt : 0.37 (As of Feb. 2024)

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What is J Frontier 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. J Frontier Co's cash to debt ratio for the quarter that ended in Feb. 2024 was 0.37.

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, J Frontier Co couldn't pay off its debt using the cash in hand for the quarter that ended in Feb. 2024.

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

TSE:2934' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.37 Med: 3.54 Max: 77.06
Current: 0.37

During the past 5 years, J Frontier Co's highest Cash to Debt Ratio was 77.06. The lowest was 0.37. And the median was 3.54.

TSE:2934's Cash-to-Debt is ranked worse than
60.54% of 664 companies
in the Healthcare Providers & Services industry
Industry Median: 0.68 vs TSE:2934: 0.37

J Frontier Co Cash-to-Debt Historical Data

The historical data trend for J Frontier 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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J Frontier Co Cash-to-Debt Chart

J Frontier Co Annual Data

Trend

May19

May20

May21

May22

May23

Cash-to-Debt

3.54

5.38

21.78

5.41

0.77

J Frontier Co Quarterly Data
	May19	May20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash-to-Debt	Get a 7-Day Free Trial										1.22	0.77	0.74	0.53	0.37

Competitive Comparison of J Frontier Co's Cash-to-Debt

For the Pharmaceutical Retailers subindustry, J Frontier 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.

J Frontier Co's Cash-to-Debt Distribution in the Healthcare Providers & Services Industry

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

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

J Frontier 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.

J Frontier Co's Cash to Debt Ratio for the fiscal year that ended in May. 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)
	=	1648.36	/	(752.15	+	1383.882)
	=	0.77

J Frontier Co's Cash to Debt Ratio for the quarter that ended in Feb. 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)
	=	1183.105	/	(1523.65	+	1638.239)
	=	0.37

J Frontier Co (TSE:2934) 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.

J Frontier Co Cash-to-Debt Related Terms

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J Frontier Co (TSE:2934) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » J Frontier Co Ltd (TSE:2934) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

R0L:Germany

Address

2-9-9 Shibuya, SANWA Aoyama Building, 8th floor, Shibuya-ku, Tokyo, JPN, 150-0002

Website

https://www.jfrontier.jp

J Frontier Co Ltd is engaged in the healthcare sales business, medical care sales business and healthcare marketing business.

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