Tripleize Co (TSE:5026) Cash-to-Debt : 0.83 (As of Feb. 2024)

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What is Tripleize 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. Tripleize Co's cash to debt ratio for the quarter that ended in Feb. 2024 was 0.83.

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, Tripleize Co couldn't pay off its debt using the cash in hand for the quarter that ended in Feb. 2024.

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

TSE:5026' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.81 Med: 2.36 Max: 3.74
Current: 0.83

During the past 4 years, Tripleize Co's highest Cash to Debt Ratio was 3.74. The lowest was 0.81. And the median was 2.36.

TSE:5026's Cash-to-Debt is ranked worse than
67.93% of 2800 companies
in the Software industry
Industry Median: 2.45 vs TSE:5026: 0.83

Tripleize Co Cash-to-Debt Historical Data

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

Tripleize Co Annual Data

Trend

Aug20

Aug21

Aug22

Aug23

Cash-to-Debt

2.36

3.74

1.09

Tripleize Co Quarterly Data
	Aug20	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash-to-Debt	Get a 7-Day Free Trial							2.24	1.61	1.09	0.81	0.83

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

For the Information Technology Services subindustry, Tripleize 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.

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

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

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

Tripleize 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.

Tripleize Co's Cash to Debt Ratio for the fiscal year that ended in Aug. 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)
	=	1754.566	/	(480.442	+	1123.771)
	=	1.09

Tripleize Co's Cash to Debt Ratio for the quarter that ended in Feb. 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)
	=	1694.885	/	(838.2	+	1208.178)
	=	0.83

Tripleize Co (TSE:5026) 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.

Tripleize Co Cash-to-Debt Related Terms

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Tripleize Co (TSE:5026) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Tripleize Co Ltd (TSE:5026) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-4-4 Kanda Surugadai, Ryumeikan Main Store Building 12th floor, Chiyoda-ku, Tokyo, JPN, 101-0062

Website

https://www.3-ize.jp

Tripleize Co Ltd is an information technology company. The company offers System Development, Cloud Service, Infrastructure Construction, and Acquiring services.

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