Bestone.Com Co (TSE:6577) Cash-to-Debt : 1.19 (As of Jan. 2024)

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What is Bestone.Com 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. Bestone.Com Co's cash to debt ratio for the quarter that ended in Jan. 2024 was 1.19.

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, Bestone.Com 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 Bestone.Com Co's Cash-to-Debt or its related term are showing as below:

TSE:6577' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.93 Med: 1.2 Max: 2.44
Current: 1.19

During the past 8 years, Bestone.Com Co's highest Cash to Debt Ratio was 2.44. The lowest was 0.93. And the median was 1.20.

TSE:6577's Cash-to-Debt is ranked better than
61.63% of 821 companies
in the Travel & Leisure industry
Industry Median: 0.6 vs TSE:6577: 1.19

Bestone.Com Co Cash-to-Debt Historical Data

The historical data trend for Bestone.Com 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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Bestone.Com Co Cash-to-Debt Chart

Bestone.Com Co Annual Data

Trend

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Cash-to-Debt

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1.42

1.13

1.03

1.01

1.20

Bestone.Com 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															0.93	1.14	1.20	1.33	1.19

Competitive Comparison of Bestone.Com Co's Cash-to-Debt

For the Travel Services subindustry, Bestone.Com 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.

Bestone.Com Co's Cash-to-Debt Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Bestone.Com Co's Cash-to-Debt distribution charts can be found below:

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

Bestone.Com 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.

Bestone.Com 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)
	=	1220.797	/	(232.532	+	785.891)
	=	1.20

Bestone.Com 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)
	=	1345.14	/	(272.78	+	862.671)
	=	1.18

Bestone.Com Co (TSE:6577) 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.

Bestone.Com Co Cash-to-Debt Related Terms

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Bestone.Com Co (TSE:6577) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Bestone.Com Co Ltd (TSE:6577) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

16-6 Tomihisa-chi, Nishikura LK Building 2nd Floor, Shinjuku-Ku, Tokyo, JPN, 162-0067

Website

http://www.best1cruise-corp.info

Bestone.Com Co Ltd offers travel services. The Company mainly provides domestic and overseas cruise travel services. Bestone.Com also offers travel media development and operation services.

Bestone.Com Co (TSE:6577) Headlines

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