Meitec Group Holdings (TSE:9744) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Meitec Group Holdings 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. Meitec Group Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was No Debt ⁽¹⁾.

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, Meitec Group Holdings could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

(1) 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.

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

TSE:9744' s Cash-to-Debt Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt

During the past 13 years, Meitec Group Holdings's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

TSE:9744's Cash-to-Debt is ranked better than
99.72% of 1064 companies
in the Business Services industry
Industry Median: 1 vs TSE:9744: No Debt

Meitec Group Holdings Cash-to-Debt Historical Data

The historical data trend for Meitec Group Holdings'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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Meitec Group Holdings Cash-to-Debt Chart

Meitec Group Holdings Annual Data

Trend

Mar14

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Mar20

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Mar23

Cash-to-Debt

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No Debt

Meitec Group Holdings 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															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Meitec Group Holdings's Cash-to-Debt

For the Staffing & Employment Services subindustry, Meitec Group Holdings'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.

Meitec Group Holdings's Cash-to-Debt Distribution in the Business Services Industry

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

* The bar in red indicates where Meitec Group Holdings's Cash-to-Debt falls into.

Meitec Group Holdings 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.

Meitec Group Holdings's Cash to Debt Ratio for the fiscal year that ended in Mar. 2023 is calculated as:

Meitec Group Holdings had no debt ⁽¹⁾.

Meitec Group Holdings's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Meitec Group Holdings had no debt ⁽¹⁾.

Meitec Group Holdings (TSE:9744) 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.

Meitec Group Holdings Cash-to-Debt Related Terms

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Meitec Group Holdings (TSE:9744) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Meitec Group Holdings Inc (TSE:9744) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-1-10 Ueno, Taito-ku, Tokyo, JPN, 110-0005

Website

https://www.meitec.co.jp

Meitec Group Holdings Inc formerly Meitec Corp offers staffing in the flexible labour market and engineering solutions for manufacturers. The company provides temporary engineering staffing, senior-workforce development, career development and career change support, global engineering solution outsourcing, prototyping and mold making, mounting and design of circuit boards, and information technology solutions. The core business segment is temporary staffing offering flexible staffing for engineering companies. Meitec operates in Japan.

Meitec Group Holdings (TSE:9744) Headlines

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Meitec Group Holdings (TSE:9744) Cash-to-Debt : No Debt (1) (As of Dec. 2023)