Care Service Co (TSE:2425) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Care Service 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. Care Service Co'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, Care Service Co 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 Care Service Co's Cash-to-Debt or its related term are showing as below:

TSE:2425' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.68 Med: 1.4 Max: 38297.41
Current: 38297.41

During the past 13 years, Care Service Co's highest Cash to Debt Ratio was 38297.41. The lowest was 0.68. And the median was 1.40.

TSE:2425's Cash-to-Debt is ranked better than
99.7% of 664 companies
in the Healthcare Providers & Services industry
Industry Median: 0.69 vs TSE:2425: 38297.41

Care Service Co Cash-to-Debt Historical Data

The historical data trend for Care Service 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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Care Service Co Cash-to-Debt Chart

Care Service Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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1.40

1.77

2.73

4.09

7.99

Care Service 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															41.09	7.99	36,019.06	No Debt	No Debt

Competitive Comparison of Care Service Co's Cash-to-Debt

For the Medical Care Facilities subindustry, Care Service 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.

Care Service Co's Cash-to-Debt Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Care Service Co's Cash-to-Debt distribution charts can be found below:

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

Care Service 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.

Care Service 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)
	=	1197.728	/	(65.747	+	84.246)
	=	7.99

Care Service Co's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Care Service Co had no debt ⁽¹⁾.

Care Service Co (TSE:2425) 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.

Care Service Co Cash-to-Debt Related Terms

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Care Service Co (TSE:2425) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Care Service Co Ltd (TSE:2425) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2, Omori Kita 1-chome, Ota Ward, Oimori Miyuki Building, Tokyo, JPN, 143-0016

Website

http://www.care.co.jp

Care Service Co Ltd provides nursing care services to the handicapped and elderly in Tokyo. The Company's services include day-care, 24-hour home-visit care, home-stay care, and bathing services, small-scale multifunctional in-home care, clean service. It also lends and sales assistive welfare equipment.

Care Service Co (TSE:2425) Headlines

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Care Service Co (TSE:2425) Cash-to-Debt : No Debt (1) (As of Dec. 2023)