Benefit Japan Co (TSE:3934) Cash-to-Debt : 1.67 (As of Dec. 2023)

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What is Benefit Japan 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. Benefit Japan Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.67.

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, Benefit Japan Co could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

TSE:3934' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.22 Med: 1.07 Max: 4.68
Current: 1.67

During the past 9 years, Benefit Japan Co's highest Cash to Debt Ratio was 4.68. The lowest was 0.22. And the median was 1.07.

TSE:3934's Cash-to-Debt is ranked better than
74.22% of 384 companies
in the Telecommunication Services industry
Industry Median: 0.35 vs TSE:3934: 1.67

Benefit Japan Co Cash-to-Debt Historical Data

The historical data trend for Benefit Japan 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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Benefit Japan Co Cash-to-Debt Chart

Benefit Japan Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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0.41

0.54

0.70

1.31

1.28

Benefit Japan Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															1.23	1.28	1.31	1.57	1.67

Competitive Comparison of Benefit Japan Co's Cash-to-Debt

For the Telecom Services subindustry, Benefit Japan 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.

Benefit Japan Co's Cash-to-Debt Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Benefit Japan Co's Cash-to-Debt distribution charts can be found below:

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

Benefit Japan 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.

Benefit Japan Co's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	2622.424	/	(1150.474	+	895.815)
	=	1.28

Benefit Japan 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)
	=	2998.207	/	(1136.815	+	654.193)
	=	1.67

Benefit Japan Co (TSE:3934) 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.

Benefit Japan Co Cash-to-Debt Related Terms

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Benefit Japan Co (TSE:3934) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Benefit Japan Co Ltd (TSE:3934) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Doshomachi 1-chome, 5-18, Asahi Seimei Doshomachi Building, 8th Floor, Chuo-ku, Osaka, JPN, 150-988

Website

http://www.benefitjapan.co.jp

Benefit Japan Co Ltd provides communication services. The Company is a mobile virtual network operator, as well as FVNO (virtual fixed-line telecommunications operator) servicer and provides internet options services and content, and support services. It provides its services under Only Service brand name.

Benefit Japan Co (TSE:3934) Headlines

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