Ondeck Co (TSE:7360) Cash-to-Debt : No Debt ⁽¹⁾ (As of Feb. 2024)

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

TSE:7360' s Cash-to-Debt Range Over the Past 10 Years
Min: 4.72 Med: 37.88 Max: No Debt
Current: No Debt

During the past 6 years, Ondeck Co's highest Cash to Debt Ratio was No Debt. The lowest was 4.72. And the median was 37.88.

TSE:7360's Cash-to-Debt is ranked better than
99.37% of 788 companies
in the Capital Markets industry
Industry Median: 2.275 vs TSE:7360: No Debt

Ondeck Co Cash-to-Debt Historical Data

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

Ondeck Co Annual Data

Trend

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Cash-to-Debt

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65.78

7.03

21.98

96.50

No Debt

Ondeck Co Quarterly Data
	Nov18	Nov19	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash-to-Debt	Get a 7-Day Free Trial												178.16	No Debt	No Debt	No Debt	No Debt

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

For the Capital Markets subindustry, Ondeck 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.

Ondeck Co's Cash-to-Debt Distribution in the Capital Markets Industry

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

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

Ondeck 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.

Ondeck Co's Cash to Debt Ratio for the fiscal year that ended in Nov. 2023 is calculated as:

Ondeck Co had no debt ⁽¹⁾.

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

Ondeck Co had no debt ⁽¹⁾.

Ondeck Co (TSE:7360) 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.

Ondeck Co Cash-to-Debt Related Terms

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

Ondeck Co (TSE:7360) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Ondeck Co Ltd (TSE:7360) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-9-28 Kyutaromachi, Matsuura Sakaisuji Honmachi Building 2nd Floor, Chuo-ku, Osaka, JPN, 541-0056

Website

https://www.ondeck.jp

Ondeck Co Ltd specializes in supporting merger and acquisition (M&A) of small and medium businesses. It operates as an intermediary in M&A, and also provides various advisory services related to corporate and business revitalization and restructuring.

Ondeck Co (TSE:7360) Headlines

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Ondeck Co (TSE:7360) Cash-to-Debt : No Debt (1) (As of Feb. 2024)