Park24 Co (TSE:4666) Cash-to-Debt : 0.41 (As of Jan. 2024)

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What is Park24 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. Park24 Co's cash to debt ratio for the quarter that ended in Jan. 2024 was 0.41.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Park24 Co couldn't pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

The historical rank and industry rank for Park24 Co's Cash-to-Debt or its related term are showing as below:

TSE:4666' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.14 Med: 0.37 Max: 0.5
Current: 0.41

During the past 13 years, Park24 Co's highest Cash to Debt Ratio was 0.50. The lowest was 0.14. And the median was 0.37.

TSE:4666's Cash-to-Debt is ranked worse than
60.78% of 1675 companies
in the Construction industry
Industry Median: 0.63 vs TSE:4666: 0.41

Park24 Co Cash-to-Debt Historical Data

The historical data trend for Park24 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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Park24 Co Cash-to-Debt Chart

Park24 Co Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Cash-to-Debt

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0.17

0.27

0.42

0.46

0.47

Park24 Co Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial															0.44	0.47	0.38	0.47	0.41

Competitive Comparison of Park24 Co's Cash-to-Debt

For the Infrastructure Operations subindustry, Park24 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.

Park24 Co's Cash-to-Debt Distribution in the Construction Industry

For the Construction industry and Industrials sector, Park24 Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Park24 Co's Cash-to-Debt falls into.

Park24 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.

Park24 Co's Cash to Debt Ratio for the fiscal year that ended in Oct. 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)
	=	79846	/	(42153	+	128569)
	=	0.47

Park24 Co's Cash to Debt Ratio for the quarter that ended in Jan. 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)
	=	70830	/	(41978	+	129727)
	=	0.41

Park24 Co (TSE:4666) 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.

Park24 Co Cash-to-Debt Related Terms

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Park24 Co (TSE:4666) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Park24 Co Ltd (TSE:4666) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

PKCOY:USA 5FJ:Germany

Address

2-20-4 Nishigotanda, Shinagawa-ku, Tokyo, JPN, 141-8924

Website

https://www.park24.co.jp

Park24 Co Ltd is a Japanese operator of parking facilities. The company is organised into two segments: parking business Japan, Parking Business International and mobility business. The parking business, which contributes the majority of revenue, operates fully-automated parking facilities and related services. The Parking business in international segment provides Parking facility management in overseas. The mobility business car rental services through the Times Car RENTAL brand, car sharing services through the Times Car PLUS brand, and related services. While Park 24 operates in Japan, Taiwan, and South Korea, the company earns the majority of revenue domestically.

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