Japan Best Rescue System Co (TSE:2453) Cash-to-Debt : 11.10 (As of Dec. 2023)

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What is Japan Best Rescue System 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 Best Rescue System Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 11.10.

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 Best Rescue System 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 Best Rescue System Co's Cash-to-Debt or its related term are showing as below:

TSE:2453' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.76 Med: 5.53 Max: No Debt
Current: 11.1

During the past 13 years, Japan Best Rescue System Co's highest Cash to Debt Ratio was No Debt. The lowest was 1.76. And the median was 5.53.

TSE:2453's Cash-to-Debt is not ranked
in the Business Services industry.
Industry Median: 1.01 vs TSE:2453: 11.10

Japan Best Rescue System Co Cash-to-Debt Historical Data

The historical data trend for Japan Best Rescue System 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 Best Rescue System Co Cash-to-Debt Chart

Japan Best Rescue System Co Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Cash-to-Debt

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5.54

3.70

3.66

6.31

7.79

Japan Best Rescue System 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															5.55	5.55	5.45	7.79	11.10

Competitive Comparison of Japan Best Rescue System Co's Cash-to-Debt

For the Specialty Business Services subindustry, Japan Best Rescue System 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 Best Rescue System Co's Cash-to-Debt Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Japan Best Rescue System Co's Cash-to-Debt distribution charts can be found below:

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

Japan Best Rescue System 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 Best Rescue System Co's Cash to Debt Ratio for the fiscal year that ended in Sep. 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)
	=	13812.472	/	(302.551	+	1469.718)
	=	7.79

Japan Best Rescue System 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)
	=	13266.501	/	(483.3	+	711.479)
	=	11.10

Japan Best Rescue System Co (TSE:2453) 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 Best Rescue System Co Cash-to-Debt Related Terms

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Japan Best Rescue System Co (TSE:2453) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Japan Best Rescue System Co Ltd (TSE:2453) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-10-20 Nishiki, Urban Net Fushimi Bldg. 5F, Nagoya, JPN

Website

http://www.jbr.co.jp

Japan Best Rescue System Co Ltd is a Japan based company engages in the provision of daily life rescue services. It offers lifestyle ambulance services; services to various problems, such as glass, water surrounding, key, personal computer troubleshooting service. It also offers call center services; and membership services, as well as real estate support services.

Japan Best Rescue System Co (TSE:2453) Headlines

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