Home Position Co (TSE:2999) Cash-to-Debt : 0.27 (As of Feb. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Home Position 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. Home Position Co's cash to debt ratio for the quarter that ended in Feb. 2024 was 0.27.

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

TSE:2999' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.11 Med: 0.24 Max: 0.27
Current: 0.27

During the past 4 years, Home Position Co's highest Cash to Debt Ratio was 0.27. The lowest was 0.11. And the median was 0.24.

TSE:2999's Cash-to-Debt is ranked worse than
66.35% of 104 companies
in the Homebuilding & Construction industry
Industry Median: 0.515 vs TSE:2999: 0.27

Home Position Co Cash-to-Debt Historical Data

The historical data trend for Home Position 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.

* Premium members only.

Home Position Co Cash-to-Debt Chart

Home Position Co Annual Data

Trend

Aug20

Aug21

Aug22

Aug23

Cash-to-Debt

0.19

0.11

0.27

0.24

Home Position Co Quarterly Data
	Aug20	Aug21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash-to-Debt	Get a 7-Day Free Trial						0.23	0.17	0.24	0.14	0.27

Competitive Comparison of Home Position Co's Cash-to-Debt

For the Residential Construction subindustry, Home Position 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.

Home Position Co's Cash-to-Debt Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Home Position Co's Cash-to-Debt distribution charts can be found below:

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

Home Position 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.

Home Position Co's Cash to Debt Ratio for the fiscal year that ended in Aug. 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)
	=	2349.944	/	(7634.686	+	2120.934)
	=	0.24

Home Position 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)
	=	2444.057	/	(6978.34	+	2198.054)
	=	0.27

Home Position Co (TSE:2999) 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.

Home Position Co Cash-to-Debt Related Terms

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

Home Position Co (TSE:2999) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Home Position Co Ltd (TSE:2999) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

260 Kikkawa, Shimizu-ku, Shizuoka, JPN, 424-0055

Website

https://www.homeposition.co.jp

Home Position Co Ltd is engaged in the built-for-sale housing business.

Home Position Co (TSE:2999) Headlines

No Headlines