Answer Holdings Co (TSE:2994) Cash-to-Debt : 0.23 (As of Dec. 2023)

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What is Answer 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. Answer Holdings Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.23.

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

TSE:2994' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.23 Med: 0.24 Max: 0.25
Current: 0.23

During the past 4 years, Answer Holdings Co's highest Cash to Debt Ratio was 0.25. The lowest was 0.23. And the median was 0.24.

TSE:2994's Cash-to-Debt is not ranked
in the Real Estate industry.
Industry Median: 0.25 vs TSE:2994: 0.23

Answer Holdings Co Cash-to-Debt Historical Data

The historical data trend for Answer 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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Answer Holdings Co Cash-to-Debt Chart

Answer Holdings Co Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

0.23

0.25

0.24

0.25

Answer Holdings Co Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			N/A	0.24	0.24	0.25	0.23

Competitive Comparison of Answer Holdings Co's Cash-to-Debt

For the Real Estate - Diversified subindustry, Answer 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.

Answer Holdings Co's Cash-to-Debt Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Answer Holdings Co's Cash-to-Debt distribution charts can be found below:

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

Answer 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.

Answer Holdings Co'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)
	=	1088.738	/	(784.73	+	3583.034)
	=	0.25

Answer 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)
	=	1004.695	/	(941.534	+	3489.948)
	=	0.23

Answer Holdings Co (TSE:2994) 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.

Answer Holdings Co Cash-to-Debt Related Terms

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Answer Holdings Co (TSE:2994) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Answer Holdings Co Ltd (TSE:2994) » Definitions » Cash-to-Debt

Comparable Companies

OTSE:TPD1T TSXV:RLP AMM:EMAR ASX:RPG XSAT:SLOTT B NIHK SGX:BCD BOM:531822 BOM:523144 XKLS:6041

Traded in Other Exchanges

N/A

Address

2-15-46 Asano, Kokurakita-ku, Kitakyusyu-shi, Fukuoka, JPN, 802-0001

Website

https://www.answerholdings.co.jp

Answer Holdings Co Ltd is involved in the real estate, remodeling and related business.

Answer Holdings Co (TSE:2994) Headlines

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