Digital Garage (TSE:4819) Cash-to-Debt : 1.77 (As of Mar. 2024)

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What is Digital Garage 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 Garage's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.77.

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 Garage could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

TSE:4819' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.45 Med: 1.89 Max: 2.65
Current: 1.77

During the past 13 years, Digital Garage's highest Cash to Debt Ratio was 2.65. The lowest was 1.45. And the median was 1.89.

TSE:4819's Cash-to-Debt is ranked worse than
53.38% of 2799 companies
in the Software industry
Industry Median: 2.45 vs TSE:4819: 1.77

Digital Garage Cash-to-Debt Historical Data

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

Digital Garage Annual Data

Trend

Jun15

Jun16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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1.64

1.89

2.44

2.30

1.77

Digital Garage 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															2.30	2.31	1.87	2.00	1.77

Competitive Comparison of Digital Garage's Cash-to-Debt

For the Information Technology Services subindustry, Digital Garage'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 Garage's Cash-to-Debt Distribution in the Software Industry

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

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

Digital Garage 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 Garage's Cash to Debt Ratio for the fiscal year 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)
	=	119421	/	(55706	+	11633)
	=	1.77

Digital Garage'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)
	=	119421	/	(55706	+	11633)
	=	1.77

Digital Garage (TSE:4819) 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 Garage Cash-to-Debt Related Terms

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

Digital Garage (TSE:4819) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Digital Garage Inc (TSE:4819) » Definitions » Cash-to-Debt

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DLGEF:USA

Address

Daikanyama DG Bldg., Tokyo, JPN

Website

http://www.garage.co.jp

Digital Garage Inc integrates three technologies--information technology, marketing technology, and financial technology--into one solution that it provides to its business customers. The company operates three primary business segments. The incubation segment invests in and develops startups and new businesses. The marketing segment provides advertising and promotion solutions that reach consumers. The financial segment offers payment solutions to monetize Internet businesses. The marketing and financial segments provide most of the company's revenue. Digital Garage operates primarily in Japan.

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