AEON Financial Service Co (TSE:8570) Cash-to-Debt : 0.33 (As of Nov. 2023)

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What is AEON Financial Service 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. AEON Financial Service Co's cash to debt ratio for the quarter that ended in Nov. 2023 was 0.33.

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, AEON Financial Service Co couldn't pay off its debt using the cash in hand for the quarter that ended in Nov. 2023.

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

TSE:8570' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.33 Med: 0.66 Max: 0.85
Current: 0.52

During the past 13 years, AEON Financial Service Co's highest Cash to Debt Ratio was 0.85. The lowest was 0.33. And the median was 0.66.

TSE:8570's Cash-to-Debt is ranked better than
59.01% of 505 companies
in the Credit Services industry
Industry Median: 0.25 vs TSE:8570: 0.52

AEON Financial Service Co Cash-to-Debt Historical Data

The historical data trend for AEON Financial Service 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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AEON Financial Service Co Cash-to-Debt Chart

AEON Financial Service Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Feb20

Feb21

Feb22

Feb23

Cash-to-Debt

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0.79

0.75

0.70

0.71

AEON Financial Service Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash-to-Debt	Get a 7-Day Free Trial															0.71	0.62	0.55	0.33	0.52

Competitive Comparison of AEON Financial Service Co's Cash-to-Debt

For the Credit Services subindustry, AEON Financial Service 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.

AEON Financial Service Co's Cash-to-Debt Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, AEON Financial Service Co's Cash-to-Debt distribution charts can be found below:

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

AEON Financial Service Co Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents 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.

AEON Financial Service Co's Cash to Debt Ratio for the fiscal year that ended in Feb. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	842615	/	(0	+	1182093)
	=	0.71

AEON Financial Service Co's Cash to Debt Ratio for the quarter that ended in Nov. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	444661	/	(0	+	1336987)
	=	0.33

AEON Financial Service Co (TSE:8570) 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.

AEON Financial Service Co Cash-to-Debt Related Terms

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

AEON Financial Service Co (TSE:8570) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » AEON Financial Service Co Ltd (TSE:8570) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

AEOJF:USA

Address

Kandanishiki-cho, Chiyoda-ku, Terrace Square, 3-22, Tokyo, JPN

Website

http://www.aeonfinancial.co.jp

AEON Financial Service Co Ltd is a comprehensive financial group consisting of a bank holding company and its subsidiaries, which grew out of Aeon Group's retail operations. It currently operates a network of hundreds of sale bases throughout Asia, particularly in Japan, China, Thailand, and Malaysia. The bank provides various financial services, payment services, housing loans, deposits, installment sales, and overseas services to customers through points of sale closely linked to community lifestyles. These include shopping centers and retail malls, convenience stores, and specialty stores, among others. Net fee and commission income is the company's largest source of net revenue.

AEON Financial Service Co (TSE:8570) Headlines

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