Keisei Electric Railway Co (TSE:9009) Cash-to-Debt : 0.12 (As of Dec. 2023)

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What is Keisei Electric Railway 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. Keisei Electric Railway Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.12.

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, Keisei Electric Railway Co couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

TSE:9009' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.08 Med: 0.09 Max: 0.23
Current: 0.23

During the past 13 years, Keisei Electric Railway Co's highest Cash to Debt Ratio was 0.23. The lowest was 0.08. And the median was 0.09.

TSE:9009's Cash-to-Debt is ranked worse than
68.49% of 968 companies
in the Transportation industry
Industry Median: 0.485 vs TSE:9009: 0.23

Keisei Electric Railway Co Cash-to-Debt Historical Data

The historical data trend for Keisei Electric Railway 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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Keisei Electric Railway Co Cash-to-Debt Chart

Keisei Electric Railway Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.09

0.08

0.10

0.23

Keisei Electric Railway Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.10	0.13	0.11	0.12	0.23

Competitive Comparison of Keisei Electric Railway Co's Cash-to-Debt

For the Railroads subindustry, Keisei Electric Railway 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.

Keisei Electric Railway Co's Cash-to-Debt Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Keisei Electric Railway Co's Cash-to-Debt distribution charts can be found below:

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

Keisei Electric Railway 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.

Keisei Electric Railway Co's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	82459	/	(84200	+	280494)
	=	0.23

Keisei Electric Railway Co's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	46085	/	(91512	+	280675)
	=	0.12

Keisei Electric Railway Co (TSE:9009) 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.

Keisei Electric Railway Co Cash-to-Debt Related Terms

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Keisei Electric Railway Co (TSE:9009) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Keisei Electric Railway Co Ltd (TSE:9009) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

KEI:Germany

Address

3-1-8 Yahata 3-chome, Ichikawa, Chiba, JPN, 272-8510

Website

http://www.keisei.co.jp

Keisei Electric Railway is a Japanese company that operates railways in Japan. The company's three largest segments are transportation, distribution, and real estate management. The transportation segment offers passenger transportation services by rail, bus and taxi, and it contributes the majority of revenue. The distribution segment is engaged in operating department stores, shopping centers, and other retail stores. The company derives revenue from real estate activities such as leasing and selling its properties. It also generates additional revenue from activities ranging from real estate construction, operation of restaurants, hotels and leisure sites to car maintenance services.

Keisei Electric Railway Co (TSE:9009) Headlines

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