Strike Company (TSE:6196) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Strike Company 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. Strike Company'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, Strike Company 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 Strike Company's Cash-to-Debt or its related term are showing as below:

TSE:6196' s Cash-to-Debt Range Over the Past 10 Years
Min: 11.49 Med: No Debt Max: No Debt
Current: No Debt

During the past 7 years, Strike Company's highest Cash to Debt Ratio was No Debt. The lowest was 11.49. And the median was No Debt.

TSE:6196's Cash-to-Debt is ranked better than
99.37% of 791 companies
in the Capital Markets industry
Industry Median: 1.83 vs TSE:6196: No Debt

Strike Company Cash-to-Debt Historical Data

The historical data trend for Strike Company'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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Strike Company Cash-to-Debt Chart

Strike Company Annual Data

Trend

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Sep22

Cash-to-Debt

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No Debt

Strike Company Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	N/A

Competitive Comparison of Strike Company's Cash-to-Debt

For the Capital Markets subindustry, Strike Company'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.

Strike Company's Cash-to-Debt Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Strike Company's Cash-to-Debt distribution charts can be found below:

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

Strike Company 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.

Strike Company's Cash to Debt Ratio for the fiscal year that ended in Sep. 2022 is calculated as:

Strike Company had no debt ⁽¹⁾.

Strike Company's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Strike Company had no debt ⁽¹⁾.

Strike Company (TSE:6196) 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.

Strike Company Cash-to-Debt Related Terms

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

Strike Company (TSE:6196) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Strike Company Ltd (TSE:6196) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rokubancho SK Building 5F, 3 Rokubancho, Chiyoda-ku, Tokyo, JPN, 102-0085

Website

http://www.strike.co.jp

Strike Company Ltd is a Japan-based company mainly engaged in mergers and acquisitions (M&A) brokerage business. It primarily offers M&A intermediary advice, M&A mediation management, corporate value evaluation, corporate value improvement and financial consulting, due diligence work, corporate restoration support, corporate evaluation services and consulting services and various other related services.

Strike Company (TSE:6196) Headlines

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Strike Company (TSE:6196) Cash-to-Debt : No Debt (1) (As of Dec. 2023)