Yasuda Logistics (TSE:9324) Cash-to-Debt : 0.32 (As of Dec. 2023)

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What is Yasuda Logistics 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. Yasuda Logistics's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.32.

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, Yasuda Logistics 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 Yasuda Logistics's Cash-to-Debt or its related term are showing as below:

TSE:9324' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.1 Med: 0.17 Max: 0.33
Current: 0.32

During the past 13 years, Yasuda Logistics's highest Cash to Debt Ratio was 0.33. The lowest was 0.10. And the median was 0.17.

TSE:9324's Cash-to-Debt is ranked worse than
69.56% of 1048 companies
in the Business Services industry
Industry Median: 0.99 vs TSE:9324: 0.32

Yasuda Logistics Cash-to-Debt Historical Data

The historical data trend for Yasuda Logistics'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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Yasuda Logistics Cash-to-Debt Chart

Yasuda Logistics Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

Get a 7-Day Free Trial

0.27

0.22

0.20

0.33

0.26

Yasuda Logistics 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															0.24	0.26	0.21	0.22	0.32

Competitive Comparison of Yasuda Logistics's Cash-to-Debt

For the Specialty Business Services subindustry, Yasuda Logistics'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.

Yasuda Logistics's Cash-to-Debt Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Yasuda Logistics's Cash-to-Debt distribution charts can be found below:

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

Yasuda Logistics 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.

Yasuda Logistics'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)
	=	15139	/	(13013	+	46279)
	=	0.26

Yasuda Logistics'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)
	=	24476	/	(9043	+	66696)
	=	0.32

Yasuda Logistics (TSE:9324) 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.

Yasuda Logistics Cash-to-Debt Related Terms

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

Yasuda Logistics (TSE:9324) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Yasuda Logistics Corp (TSE:9324) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-3-8 Kaigan, Minato-ku, Tokyo, JPN, 108-8435

Website

http://www.yasuda-soko.co.jp/

Yasuda Logistics Corp engages in the business of transportation, logistics, warehousing, customs clearance, and logistics information system services. The firm provides delivery services and supply chain solutions; and integrated logistics solutions through distribution centers. It also offers medical logistics services comprising logistics for drugs, and medical equipment; and IT equipment logistics services, as well as archiving and office relocation services. In addition, it provides international transport services, such as ocean transportation, import/export customs clearance, air transportation, overseas logistics services. Further, firm's real estate operations comprise office and residential leasing services; re-development and renovation of hotels and commercial facilities.

Yasuda Logistics (TSE:9324) Headlines

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