Digital Information Technologies (TSE:3916) Cash-to-Debt : 15.50 (As of Mar. 2024)

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What is Digital Information Technologies 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. Digital Information Technologies's cash to debt ratio for the quarter that ended in Mar. 2024 was 15.50.

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, Digital Information Technologies could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

(1) 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.

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

TSE:3916' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.95 Med: No Debt Max: No Debt
Current: 15.5

During the past 10 years, Digital Information Technologies's highest Cash to Debt Ratio was No Debt. The lowest was 0.95. And the median was No Debt.

TSE:3916's Cash-to-Debt is ranked better than
72.02% of 2802 companies
in the Software industry
Industry Median: 2.51 vs TSE:3916: 15.50

Digital Information Technologies Cash-to-Debt Historical Data

The historical data trend for Digital Information Technologies'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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Digital Information Technologies Cash-to-Debt Chart

Digital Information Technologies Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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No Debt

768.53

No Debt

Digital Information Technologies Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	15.50

Competitive Comparison of Digital Information Technologies's Cash-to-Debt

For the Information Technology Services subindustry, Digital Information Technologies'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.

Digital Information Technologies's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, Digital Information Technologies's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Digital Information Technologies's Cash-to-Debt falls into.

Digital Information Technologies 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.

Digital Information Technologies's Cash to Debt Ratio for the fiscal year that ended in Jun. 2023 is calculated as:

Digital Information Technologies had no debt ⁽¹⁾.

Digital Information Technologies's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	3861.944	/	(38.86	+	210.245)
	=	15.50

Digital Information Technologies (TSE:3916) 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.

Digital Information Technologies Cash-to-Debt Related Terms

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Digital Information Technologies (TSE:3916) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Digital Information Technologies Corp (TSE:3916) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Chuo-ku, Tokyo Hatchobori 4-chome, 5-4 FORECAST Sakurabashi the third floor, Tokyo, JPN

Website

https://www.ditgroup.jp

Digital Information Technologies Corp is a Japan-based information service company mainly engaged in operation of software development business and computer sales business. The company develops business systems, embedded devices, etc. for clients primarily in the fields of finance, communications. Its products include WebARGUS, a Website security solution; and xoBlos, an Excel work innovation platform.

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