Japan Logistic Systems (TSE:9060) Cash-to-Debt : 0.18 (As of Dec. 2023)

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What is Japan Logistic Systems 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. Japan Logistic Systems's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.18.

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, Japan Logistic Systems couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

TSE:9060' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.13 Med: 0.16 Max: 0.23
Current: 0.18

During the past 13 years, Japan Logistic Systems's highest Cash to Debt Ratio was 0.23. The lowest was 0.13. And the median was 0.16.

TSE:9060's Cash-to-Debt is ranked worse than
73.73% of 967 companies
in the Transportation industry
Industry Median: 0.49 vs TSE:9060: 0.18

Japan Logistic Systems Cash-to-Debt Historical Data

The historical data trend for Japan Logistic Systems'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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Japan Logistic Systems Cash-to-Debt Chart

Japan Logistic Systems Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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0.18

0.20

0.15

0.17

0.16

Japan Logistic Systems 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															0.16	0.16	0.18	0.19	0.18

Competitive Comparison of Japan Logistic Systems's Cash-to-Debt

For the Trucking subindustry, Japan Logistic Systems'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.

Japan Logistic Systems's Cash-to-Debt Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Japan Logistic Systems's Cash-to-Debt distribution charts can be found below:

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

Japan Logistic Systems 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.

Japan Logistic Systems'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)
	=	3745.381	/	(10503.188	+	13144.042)
	=	0.16

Japan Logistic Systems'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)
	=	3944.66	/	(9493.117	+	12732.295)
	=	0.18

Japan Logistic Systems (TSE:9060) 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.

Japan Logistic Systems Cash-to-Debt Related Terms

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

Japan Logistic Systems (TSE:9060) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Japan Logistic Systems Corp (TSE:9060) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

5-11-3, Shinbashi, Shinbashi Sumitomo Building, Minato-ku, Tokyo, JPN, 105-0004

Website

http://www.logitem.co.jp

Japan Logistic Systems Corp provides lorry and cargo transportation as well as third-party logistic services. It also offers warehousing, insurance agency, worker dispatching as well as industrial waste collection and transportation services.

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