Synchro Food Co (TSE:3963) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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

TSE:3963' s Cash-to-Debt Range Over the Past 10 Years
Min: 478.81 Med: No Debt Max: 25764.22
Current: No Debt

During the past 8 years, Synchro Food Co's highest Cash to Debt Ratio was 25764.22. The lowest was 478.81. And the median was No Debt.

TSE:3963's Cash-to-Debt is ranked better than
99.72% of 1061 companies
in the Business Services industry
Industry Median: 1.01 vs TSE:3963: No Debt

Synchro Food Co Cash-to-Debt Historical Data

The historical data trend for Synchro Food 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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Synchro Food Co Cash-to-Debt Chart

Synchro Food Co Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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886.13

3,826.19

No Debt

Synchro Food 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															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Synchro Food Co's Cash-to-Debt

For the Specialty Business Services subindustry, Synchro Food 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.

Synchro Food Co's Cash-to-Debt Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Synchro Food Co's Cash-to-Debt distribution charts can be found below:

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

Synchro Food 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.

Synchro Food Co's Cash to Debt Ratio for the fiscal year that ended in Mar. 2023 is calculated as:

Synchro Food Co had no debt ⁽¹⁾.

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

Synchro Food Co had no debt ⁽¹⁾.

Synchro Food Co (TSE:3963) 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.

Synchro Food Co Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Synchro Food Co's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Synchro Food Co (TSE:3963) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Synchro Food Co Ltd (TSE:3963) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

7th Floor, SouthOne Building, 1-7-8, Ebisu Minami, Shibuya-ku, Tokyo, JPN, 150-0022

Website

http://www.synchro-food.co.jp

Synchro Food Co Ltd provides services and information to help restaurant owners. It offers equipment, furniture, restaurant related job information website, matching restaurant owners with interior designer and restaurant opening information website.

Synchro Food Co (TSE:3963) Headlines

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Synchro Food Co (TSE:3963) Cash-to-Debt : No Debt (1) (As of Dec. 2023)