GDEP Advance (TSE:5885) Cash-to-Debt : No Debt ⁽¹⁾ (As of Feb. 2024)

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What is GDEP Advance 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. GDEP Advance's cash to debt ratio for the quarter that ended in Feb. 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, GDEP Advance could pay off its debt using the cash in hand for the quarter that ended in Feb. 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 GDEP Advance's Cash-to-Debt or its related term are showing as below:

TSE:5885' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.82 Med: No Debt Max: No Debt
Current: No Debt

During the past 3 years, GDEP Advance's highest Cash to Debt Ratio was No Debt. The lowest was 2.82. And the median was No Debt.

TSE:5885's Cash-to-Debt is ranked better than
99.84% of 2471 companies
in the Hardware industry
Industry Median: 1.35 vs TSE:5885: No Debt

GDEP Advance Cash-to-Debt Historical Data

The historical data trend for GDEP Advance'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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GDEP Advance Cash-to-Debt Chart

GDEP Advance Annual Data

Trend

May21

May22

May23

Cash-to-Debt

No Debt

GDEP Advance Quarterly Data
	May21	May22	Feb23	May23	Aug23	Nov23	Feb24
Cash-to-Debt	Get a 7-Day Free Trial			2.82	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of GDEP Advance's Cash-to-Debt

For the Computer Hardware subindustry, GDEP Advance'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.

GDEP Advance's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, GDEP Advance's Cash-to-Debt distribution charts can be found below:

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

GDEP Advance 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.

GDEP Advance's Cash to Debt Ratio for the fiscal year that ended in May. 2023 is calculated as:

GDEP Advance had no debt ⁽¹⁾.

GDEP Advance's Cash to Debt Ratio for the quarter that ended in Feb. 2024 is calculated as:

GDEP Advance had no debt ⁽¹⁾.

GDEP Advance (TSE:5885) 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.

GDEP Advance Cash-to-Debt Related Terms

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

GDEP Advance (TSE:5885) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » GDEP Advance Inc (TSE:5885) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-4-33 Kokubuncho, 8th floor, Sendai Jozenji Building, Aoba-ku, Sendai, JPN, 980-0803

Website

https://info.gdep.co.jp

GDEP Advance Inc is engaged in the Sales Business of hardware and other products that enable advanced processing such as AI learning. The company's products include Graphic boards, Computing boards, FPGA boards, Deep learning boxes, fsv-rm1u4b, and others.

GDEP Advance (TSE:5885) Headlines

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GDEP Advance (TSE:5885) Cash-to-Debt : No Debt (1) (As of Feb. 2024)