Base Co (TSE:4481) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2024)

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What is Base 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. Base Co's cash to debt ratio for the quarter that ended in Mar. 2024 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, Base Co could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

TSE:4481' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.21 Med: 20.25 Max: No Debt
Current: 772.15

During the past 7 years, Base Co's highest Cash to Debt Ratio was No Debt. The lowest was 1.21. And the median was 20.25.

TSE:4481's Cash-to-Debt is ranked better than
89.53% of 2723 companies
in the Software industry
Industry Median: 2.49 vs TSE:4481: 772.15

Base Co Cash-to-Debt Historical Data

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

Base Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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4.13

10.04

28.13

109.71

883.97

Base Co Quarterly Data
	Dec18	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															143.97	235.90	309.30	883.97	No Debt

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

For the Software - Application subindustry, Base 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.

Base Co's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, Base Co's Cash-to-Debt distribution charts can be found below:

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

Base 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.

Base Co's Cash to Debt Ratio for the fiscal year 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)
	=	10551.014	/	(11.936	+	0)
	=	883.97

Base Co's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Base Co had no debt ⁽¹⁾.

Base Co (TSE:4481) 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.

Base Co Cash-to-Debt Related Terms

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

Base Co (TSE:4481) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Base Co Ltd (TSE:4481) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

4-14-1 Sotokanda, Chiyoda-ku, Akihabara UDX 8th Floor, Tokyo, JPN, 101-0021

Website

http://www.basenet.co.jp

Base Co Ltd is engaged in providing computer software development and related activities. The company's activities include System development, System operation and maintenance, SAP implementation and maintenance support, e-KYC / Online identity verification service, BPO support using ICT, among others.

Base Co (TSE:4481) Headlines

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Base Co (TSE:4481) Cash-to-Debt : No Debt (1) (As of Mar. 2024)