Eltes Co (TSE:3967) Cash-to-Debt : 0.51 (As of Nov. 2023)

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What is Eltes 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. Eltes Co's cash to debt ratio for the quarter that ended in Nov. 2023 was 0.51.

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, Eltes Co couldn't pay off its debt using the cash in hand for the quarter that ended in Nov. 2023.

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

TSE:3967' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.51 Med: 28.27 Max: No Debt
Current: 0.51

During the past 9 years, Eltes Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.51. And the median was 28.27.

TSE:3967's Cash-to-Debt is ranked worse than
74.84% of 2723 companies
in the Software industry
Industry Median: 2.49 vs TSE:3967: 0.51

Eltes Co Cash-to-Debt Historical Data

The historical data trend for Eltes 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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Eltes Co Cash-to-Debt Chart

Eltes Co Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Cash-to-Debt

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43.53

34.51

1.33

1.73

0.61

Eltes Co Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Cash-to-Debt	Get a 7-Day Free Trial															0.63	0.61	0.62	0.57	0.51

Competitive Comparison of Eltes Co's Cash-to-Debt

For the Software - Application subindustry, Eltes 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.

Eltes Co's Cash-to-Debt Distribution in the Software Industry

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

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

Eltes 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.

Eltes Co's Cash to Debt Ratio for the fiscal year that ended in Feb. 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)
	=	1656.787	/	(555.306	+	2157.333)
	=	0.61

Eltes Co's Cash to Debt Ratio for the quarter that ended in Nov. 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)
	=	1718.735	/	(1087.295	+	2269.248)
	=	0.51

Eltes Co (TSE:3967) 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.

Eltes Co Cash-to-Debt Related Terms

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

Eltes Co (TSE:3967) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Eltes Co Ltd (TSE:3967) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-2-5, Kasumigaseki, 6th Floor, Kasumigaseki Building, Chiyoda-ku, Tokyo, JPN, 100-6006

Website

https://eltes.co.jp

Eltes Co Ltd provides consultation services based on digital risk technology for database risk and other large storage protection in Japan. It also offers internal fraud detection services that enable the prevention of information security breaches caused by internal factors; and a service that includes detection and diagnosis of security breaches caused by external factors.

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