Paramount Bed Holdings Co (TSE:7817) Cash-to-Debt : 8.09 (As of Dec. 2023)

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What is Paramount Bed Holdings 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. Paramount Bed Holdings Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 8.09.

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, Paramount Bed Holdings 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 Paramount Bed Holdings Co's Cash-to-Debt or its related term are showing as below:

TSE:7817' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.11 Med: 5.61 Max: 9.67
Current: 7.84

During the past 13 years, Paramount Bed Holdings Co's highest Cash to Debt Ratio was 9.67. The lowest was 2.11. And the median was 5.61.

TSE:7817's Cash-to-Debt is ranked better than
70.8% of 863 companies
in the Medical Devices & Instruments industry
Industry Median: 1.91 vs TSE:7817: 7.84

Paramount Bed Holdings Co Cash-to-Debt Historical Data

The historical data trend for Paramount Bed Holdings 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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Paramount Bed Holdings Co Cash-to-Debt Chart

Paramount Bed Holdings Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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5.64

6.79

8.81

9.67

7.84

Paramount Bed Holdings Co 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															9.67	8.90	9.99	8.09	7.84

Competitive Comparison of Paramount Bed Holdings Co's Cash-to-Debt

For the Medical Instruments & Supplies subindustry, Paramount Bed Holdings 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.

Paramount Bed Holdings Co's Cash-to-Debt Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Paramount Bed Holdings Co's Cash-to-Debt distribution charts can be found below:

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

Paramount Bed Holdings 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.

Paramount Bed Holdings Co'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)
	=	46746	/	(1362	+	4602)
	=	7.84

Paramount Bed Holdings 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)
	=	45947	/	(1415	+	4262)
	=	8.09

Paramount Bed Holdings Co (TSE:7817) 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.

Paramount Bed Holdings Co Cash-to-Debt Related Terms

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Paramount Bed Holdings Co (TSE:7817) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Paramount Bed Holdings Co Ltd (TSE:7817) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

14-5, Higashisuna, 2-chome, Koto-ku, Tokyo, JPN, 136-8671

Website

https://www.paramountbed-hd.co.jp

Paramount Bed Holdings Co Ltd manufactures medical and nursing care products. Its acute care business sells products to intensive care units and other acute care facilities to relieve patient discomfort and prevent secondary infections. The long-term care business sells products used at long-term medical care facilities and nursing homes. The residential and nursing care business sells products to nurses and home-care helpers. The sleep and wellness business sells products to help customers sleep soundly, which include custom-made mattresses. The maintenance business provides bed maintenance and cleaning services. Paramount Bed generates the vast majority of its revenue in Japan.

Paramount Bed Holdings Co (TSE:7817) Headlines

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