Japan Lifeline Co (Japan Lifeline Co) Cash-to-Debt : 2.53 (As of Dec. 2023)

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What is Japan Lifeline 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. Japan Lifeline Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 2.53.

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

JLFNF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.32 Med: 1.09 Max: 2.82
Current: 2.82

During the past 13 years, Japan Lifeline Co's highest Cash to Debt Ratio was 2.82. The lowest was 0.32. And the median was 1.09.

JLFNF's Cash-to-Debt is ranked better than
55.52% of 861 companies
in the Medical Devices & Instruments industry
Industry Median: 1.87 vs JLFNF: 2.82

Japan Lifeline Co Cash-to-Debt Historical Data

The historical data trend for Japan Lifeline 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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Japan Lifeline Co Cash-to-Debt Chart

Japan Lifeline Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.84

1.35

1.97

2.75

2.82

Japan Lifeline 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															2.75	2.37	2.71	2.53	2.82

Competitive Comparison of Japan Lifeline Co's Cash-to-Debt

For the Medical Devices subindustry, Japan Lifeline 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.

Japan Lifeline Co's Cash-to-Debt Distribution in the Medical Devices & Instruments Industry

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

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

Japan Lifeline 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.

Japan Lifeline 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)
	=	84.562	/	(26.138	+	3.825)
	=	2.82

Japan Lifeline 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)
	=	72.919	/	(27.559	+	1.285)
	=	2.53

Japan Lifeline Co (OTCPK:JLFNF) 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 Lifeline Co Cash-to-Debt Related Terms

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Japan Lifeline Co (Japan Lifeline Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Japan Lifeline Co Ltd (OTCPK:JLFNF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

7575:Japan

Address

2-2-20, Higashishinagawa, Tennoz Ocean Square, 25th Floor, Shinagawa-ku, Tokyo, JPN, 140-0002

Website

http://www.jll.co.jp

Japan Lifeline Co Ltd is a medical device company operating in Japan. It is engaged in the trading and manufacturing of medical devices specialized in the cardiovascular field. The company offers medical devices mainly for the treatment of cardiac and vascular diseases. It focuses on providing implantable devices to treat arrhythmias; disposable catheter devices with electrodes for diagnosis and treatment of arrhythmias; prosthetic devices to replace blood vessels and heart valves that lost their functions; and devices for intravascular treatment of cardiac infarction, arterial occlusions of the lower extremities and congenital cardiac diseases.

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