Goldcrest Co (Goldcrest Co) Cash-to-Debt : 1.39 (As of Dec. 2023)

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What is Goldcrest 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. Goldcrest Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.39.

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

CDCTF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.42 Med: 1.04 Max: 1.69
Current: 1.39

During the past 13 years, Goldcrest Co's highest Cash to Debt Ratio was 1.69. The lowest was 0.42. And the median was 1.04.

CDCTF's Cash-to-Debt is ranked better than
76.48% of 1790 companies
in the Real Estate industry
Industry Median: 0.26 vs CDCTF: 1.39

Goldcrest Co Cash-to-Debt Historical Data

The historical data trend for Goldcrest 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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Goldcrest Co Cash-to-Debt Chart

Goldcrest Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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1.27

1.24

1.37

1.69

1.53

Goldcrest Co 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															1.54	1.53	1.43	1.42	1.39

Competitive Comparison of Goldcrest Co's Cash-to-Debt

For the Real Estate - Development subindustry, Goldcrest 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.

Goldcrest Co's Cash-to-Debt Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Goldcrest Co's Cash-to-Debt distribution charts can be found below:

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

Goldcrest 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.

Goldcrest Co'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)
	=	558.968	/	(78.929	+	286.539)
	=	1.53

Goldcrest 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)
	=	470.901	/	(211.916	+	127.1)
	=	1.39

Goldcrest Co (OTCPK:CDCTF) 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.

Goldcrest Co Cash-to-Debt Related Terms

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Goldcrest Co (Goldcrest Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Goldcrest Co Ltd (OTCPK:CDCTF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

8871:Japan

Address

2-1-1 Otemachi Chiyoda-ku, 12th floor, Otemachi Nomura Building, Tokyo, JPN, 100-0004

Website

http://www.goldcrest.co.jp

Goldcrest Co Ltd is a property development company. It is engaged in the development and sale of condominiums in and around the Tokyo Metropolitan Area. The Company operates in three business segments such as Real Estate Sales, Real Estate Leasing, and Others. The Real Estate Sales segment deals with the development and marketing of condominiums such as Crest City, Crest Form series and Crest Residence. The Real Estate Leasing segment involves with office building and apartment leasing activities. The others segment offers real estate management services.

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