JM Holdings Co (TSE:3539) Cash-to-Debt : 2.57 (As of Jan. 2024)

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What is JM 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. JM Holdings Co's cash to debt ratio for the quarter that ended in Jan. 2024 was 2.57.

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, JM Holdings Co could pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

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

TSE:3539' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.2 Med: 2.83 Max: 4.05
Current: 2.57

During the past 9 years, JM Holdings Co's highest Cash to Debt Ratio was 4.05. The lowest was 1.20. And the median was 2.83.

TSE:3539's Cash-to-Debt is ranked better than
79.48% of 307 companies
in the Retail - Defensive industry
Industry Median: 0.45 vs TSE:3539: 2.57

JM Holdings Co Cash-to-Debt Historical Data

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

JM Holdings Co Annual Data

Trend

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Cash-to-Debt

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2.26

3.07

3.27

3.10

1.80

JM Holdings Co 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															3.46	1.97	1.80	2.07	2.57

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

For the Grocery Stores subindustry, JM 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.

JM Holdings Co's Cash-to-Debt Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, JM Holdings Co's Cash-to-Debt distribution charts can be found below:

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

JM 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.

JM Holdings Co's Cash to Debt Ratio for the fiscal year that ended in Jul. 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)
	=	17810	/	(4678	+	5236)
	=	1.80

JM Holdings Co'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)
	=	20396	/	(3916	+	4008)
	=	2.57

JM Holdings Co (TSE:3539) 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.

JM Holdings Co Cash-to-Debt Related Terms

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JM Holdings Co (TSE:3539) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » JM Holdings Co Ltd (TSE:3539) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Tsuchiura-shi wholesale Town 2-3, 30 Ibaraki prefecture, Ibaraki, JPN, 300-0847

Website

http://www.japanmeat.co.jp

JM Holdings Co Ltd operates food supermarkets that retail meat products, fresh vegetables, fishes and other daily food products. The company also manages beef barbecue restaurants. It offers meat products, including meat processed goods, and frozen and refrigerated processed products, as well as meat of cow, chicken, and ham, as well as pork; food products comprising seasonings, processed foods, rice, bread, sake, noodles, eggs, dairy products; and vegetables, fruits, vegetables and fruits processed products, fresh juices, and cakes. It also provides fish products, sushi, dried fish, seaweed, shellfish, crustaceans, marine processing; and prepared foods, including lunch and fried foods, and tonkatsu, as well as salads, boiled foods, pottery, steamed foods.

JM Holdings Co (TSE:3539) Headlines

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